STEEL SCRAP WRAP: Asian prices recover despite downturn in Turkey

Steel scrap prices in the Asian markets have recovered following the Kanto auction in Japan, while Turkish deep-sea scrap import values inched down at the end of the week due to weak demand for rebar.

  • Turkish steel producers resumed their deep-sea scrap purchases at the end of the week at slightly lower prices
  • US export markets broke silence at the end of the week with fresh cargoes to Turkey
  • Japanese scrap offers to Vietnam increased after the results of the July Kanto Tetsugen auction
  • Import scrap prices in Taiwan started a recovery amid increased demand
  • Tightening supply raised scrap prices in India by around $5-10 per tonne.

Turkey

The Turkish steel producers resumed their deep-sea scrap purchases at the end of the week at slightly...

Published

Cem Turken

Declan Conway

Paul Lim

July 10, 2020

18:58 GMT

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