DAILY SCRAP REPORT: Pandemic effects keep suppliers away from market

The Turkish deep-sea scrap import markets went quiet again after the strong rebound earlier in the week, with supplies tighter because of the Covid-19 pandemic, sources said on Wednesday April 8.

Scrap import prices have gone up strongly amid reduced availability of material in the deep-sea market, caused by the closing of scrapyards to control the pandemic and the subsequent decreased collection volumes.

Many scrap suppliers in the UK were reducing production, with almost all scrap processing operations shuttered in Scotland and many of those in the rest of the UK. EMR and domestic rival Sims...


Cem Turken

April 08, 2020

16:30 GMT