STEEL SCRAP WRAP: Prices in global markets rebound after Lunar New Year holidays

Ferrous scrap prices in the key global markets have gone up in the week to Friday February 19 with stronger steel demand following the return of market participants from China’s Lunar New Year holiday.

  • Turkish steel mills resumed their deep-sea scrap purchases at higher prices
  • US ferrous scrap exporters seek higher prices
  • Post-holiday rebound in steel trade drives up scrap import prices in Vietnam
  • Upturn in steel demand raises scrap import prices in Taiwan
  • India prices move upward on tight supply.

Turkey

The Turkish market was relatively quiet this week, with just one...

Published

Cem Turken

Paul Lim

Carrie Bone

Amy Hinton

February 19, 2021

18:58 GMT

Mugla, Singapore, London