WEEKLY SCRAP WRAP: Ferrous scrap prices continue to rise at year-end

Ferrous scrap prices in most global markets continued to increase in the week ended Friday December 27 despite the traditional slowdown in trading during the festive periods.

Turkey paused scrap imports amid holidays  United States scrap export offers increased on both coasts  Prices in Taiwan edge up despite weak trading  Upturn in global markets drags up Indian prices Turkey
Turkish imported scrap prices remained stable last week, with no significant deep-sea trades heard.

Turkish mills booked their most recent deep-sea cargo on December 20 from a Baltic Sea supplier at $303 per tonne cfr for HMS 1&2 (80:20).

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...

Published

Cem Turken

Paul Lim

December 30, 2019

15:21 GMT

Mugla, Pittsburgh, Singapore