STEEL SCRAP WRAP: Global prices rise amid strong steel markets, rising freight

Steel scrap prices have increased across all major markets over the week to Friday February 26, driven by strengthening steel markets and a jump in bulk freight rates.

  • Turkish mills continue to book cargoes at higher prices
  • US export prices rise in sales to South Korea, Turkey
  • Vietnamese buyers juggle tight billet-scrap spreads
  • Taiwan import market boosted by strong freight rates
  • India market mirrors increases in international markets.

Turkey

Prices for steel scrap imported into Turkey continued to rise after mills in the country booked a raft of cargoes from Europe, the United States and the Baltic Sea region in...

Published

Cem Turken

Lee Allen

Paul Lim

Carrie Bone

Amy Hinton

February 26, 2021

18:05 GMT

Singapore, Mugla, London