WEEKLY SCRAP WRAP: Scrap prices up ahead of year-end holidays

Global scrap prices trended upward in the week to Friday December 20 on higher offer prices and limited supplies.

  • Turkish import prices steady on limited trades 
  • United States export prices up on recent Turkish sales 
  • Vietnam, Taiwan import prices rise on higher offers 
  • Indian import prices up on tight supplies
Turkey
Turkish imported ferrous scrap prices were largely stable this week, with only two cargoes traded before Turkish steelmakers retreated from the deep-sea market due to rising offer prices.
Turkish mills booked two Baltic cargoes at $299 and $300 per tonne cfr for HMS 1&2 (80:20) on December 16 - comparable to the previous Baltic cargo deal at $299.50 per tonne cfr. 

Fastmarkets' daily index for steel scrap HMS 1&2 (80:20...

Published

Cem Turken

Mei Ling Toh

Paul Lim

Carrie Bone

December 20, 2019

18:30 GMT

New York, Mugla, London, Pittsburgh, Singapore