DAILY SCRAP REPORT: Market participants fear the worst in terms of coronavirus impact

The Turkish deep-sea scrap import market started the week in silence on Monday March 23, with some fearing the worst is yet to come with regard to the impact of the novel coronavirus (2019-nCoV), sources told Fastmarkets.

The market has been quiet since a $23.90-per-tonne day-on-day price drop on Wednesday March 18, following news of a fresh cargo.

Since then, market participants have turned increasingly pessimistic due to the spread of 2019-nCoV, which has slowed steel...


Carrie Bone

March 23, 2020

16:42 GMT