- Turkish prices decline sharply with fresh US trade
- United States East Coast prices down; West Coast to follow
- Prices in Taiwan and Vietnam fall steadily on soft demand
- International downturn drags down Indian prices
Prices for ferrous scrap imported into Turkey fell sharply last week, with a fresh US cargo booked late on Wednesday January 15.
A steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr, which would put the HMS 1&2 (80:20) price at $288 per tonne.
The previous US cargo sold into Turkey was booked on January 3 at $306 per tonne cfr for shredded scrap, which would put the HMS 1&2 (80:20) price around $301 per tonne.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was...