STEEL SCRAP WRAP: Turkish prices boosted by billet demand in Asia

Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.

  • Turkish scrap import prices jump $22 per tonne at the end of the week
  • US scrap export prices remain fairly stable
  • Slight improvement in Vietnamese scrap import prices
  • Demand for imported heavy scrap still weak in China, with buyers preparing for a five-day break
  • Taiwan shows slight downturn in prices amid lower operating rates
  • Indian scrap prices rise on continued trading.

Turkey

The Turkish steel mills speeded up their deep-sea scrap purchases amid strengthening demand from Asia...

Published

Cem Turken

Paul Lim

Carrie Bone

Amy Hinton

Tianran Zhao

April 30, 2021

17:45 GMT

Mugla, London, Singapore, Shanghai