STEEL SCRAP WRAP: Global markets cool as buyers seek clarity

Purchasing activity in the key global steel scrap destinations began to cool in the week to Friday April 16, with price increases levelling off on a change of sentiment, with the exceptions of Taiwan and China.

  • Turkey did not purchase any cargoes this week
  • US market quiet, looking for market direction
  • Vietnamese import prices level out but sentiment sours
  • Chinese prices stabilize as sentiment deteriorates
  • Taiwan import prices continue to rise on good demand
  • India prices flat on market uncertainty.

Turkey

Turkish steel mills have remained silent over the past week, buying no cargoes and with prices...

Published

Cem Turken

Lee Allen

Paul Lim

Carrie Bone

Amy Hinton

Tianran Zhao

April 16, 2021

16:50 GMT

London, Shanghai, Singapore, Mugla