- Turkish import prices plunge
- US export market pauses
- Taiwan import price dips on lower demand
- Trading remains at a halt in India.
Prices for scrap imported into Turkey fell by $23.42 per tonne on March 30
after the booking of two Baltic Sea cargoes, which were to be the only cargoes booked during the week.
This was the second time in three weeks that prices had fallen sharply due to the consequences of the pandemic on scrap markets around the world, keeping demand low and trading lower.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20), North Europe origin, cfr Turkey
, ended last week at $200.98 per tonne, compared with $224.55 per tonne a week earlier.
The corresponding daily index for steel scrap, HMS 1&2 (80:20), US origin, cfr Turkey, was $208.10 per tonne on Friday, compared with $231.99 per tonne a week...