Global scrap prices continued to climb
despite limited volumes being traded. Fastmarkets' daily index for steel scrap HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey
, ended the week at $296.01 per tonne on December 20, up from $294.63 per tonne on December 16.
Prices for billet in the Commonwealth of Independent States were steady ahead of the holiday period.
Offers remained around $420 per tonne fob Black Sea, with some mills starting to make February-output material available.
But most customers had already purchased enough material and were planning to buy February production volumes next month.
Recent bookings of CIS-origin billet were, however, done in mid-December...