STEEL SCRAP WRAP: Prices climb with strengthening demand

Global scrap prices have increased in the past week on stable demand from major importing countries such as Turkey and Vietnam. Many market participants in Asia expected the price uptrend to continue in the near term.

  • Import price in Turkey reaches $300 per tonne cfr
  • US East Coast price surges upward by $11 per tonne
  • Taiwanese buyers fail to achieve lower prices
  • Vietnam spot liquidity limited on major holiday
  • Strong currency in India supports higher prices.

Turkey

Turkish steel mills booked 11 deep-sea bulk cargoes from the United States, Europe and...

Published

Cem Turken

Paul Lim

Carrie Bone

September 04, 2020

17:58 GMT

Singapore, Mugla, Pittsburgh, London