- Turkish steelmakers book 10 cargoes
- Sentiment in US bullish
- Large bid-offer gap in Vietnam
- Taiwan continues to accept price increases
- Thin demand in India due to cheaper domestic scrap
Turkish steel mills booked a total of 10 cargoes this week
, including three US-origin cargoes, five Baltic Sea cargoes and two European cargoes at increasingly higher prices.
The daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey
, ended the week at $296.06 per tonne, compared with $278.98 per tonne on December 6.
The daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey
, was $301.02 per tonne on Friday, up from $283.95 per tonne on December 6.
Prices for US ferrous scrap exports continued to climb due to limited supply and increased demand...