STEEL SCRAP WRAP: Global prices continue to surge upward

Ferrous scrap prices in all the key global markets continued to surge upward in the week ended Friday July 31, with Turkey again achieving higher prices through the week and pushing up those in other regions.

  • Turkey books more cargoes at higher prices
  • US market upbeat on recent trades
  • Vietnam scrap prices continue to rise
  • Taiwan prices up with sellers holding back material
  • India reports surge in prices on fresh deals.

Turkey

Turkish steel mills continued to purchase material actively this week, with seven deep-sea cargoes booked before...

Published

Cem Turken

Paul Lim

Carrie Bone

Ross Yeo

July 31, 2020

17:22 GMT

London, Singapore, Pittsburgh, Singapore