More clarity is expected next week when both importers return fully to the market. Participants are also watching for new price trends in key market Turkey.
Fastmarkets’ weekly price assessment for deep-sea bulk cargoes of steel scrap, HMS 1&2 (80:20), cfr Vietnam
was $230-235 per tonne on Friday April 3, falling by $5-8 per tonne from $238-240 per tonne a week earlier
Offers for deep-sea materials dipped by $3 per tonne to $240 per tonne for HMS 1&2 (80:20), $245 per tonne for shredded and $250 per tonne for bonus scrap.
There was limited demand heard from buyers this week due to the stricter social distancing measures announced by Vietnamese Prime Minister Nguyen Xuan Phuc...