STEEL SCRAP WRAP: Turkish buying spree halts, Asia continues rise

Turkish steel mills stepped out of the market for imports of steel scrap in recent days following a spate of buying in the first half of the week to Friday September 11, while scrap prices in Southeast and East Asia have continued their climb.

  • Turkey goes quiet after latest seven-cargo buying spree
  • US export markets inch up following Turkish deals
  • Vietnamese scrap prices increase after Japan auction settles higher
  • Offers and bids rise in Taiwan but little business concluded
  • Indian market moves up as pandemic fears stall sentiment
Turkey
Turkish steelmakers purchased seven deep-sea cargoes totaling around 200,000 tonnes during the past week, supported by improving demand for steel billet and long products in the domestic and export markets.

A steel mill...

Published

Cem Turken

Lee Allen

Paul Lim

Carrie Bone

September 11, 2020

17:10 GMT

Singapore, Mugla, Pittsburgh, London