STEEL SCRAP WRAP: Turkey import price falls on high supply, weak demand

Steel scrap prices started to move downward in major international markets such as Turkey and the US East Coast export sector over the week ended Friday July 30, amid plentiful supply of scrap in some areas but tepid buying interest.

  • Turkey import buy prices drop amid poor long steel sales
  • Rising scrap availability on US East Coast depresses export prices
  • Vietnam remains out of import scrap market amid Covid-19 woes
  • China import scrap interest tepid amid wide bid-offer gap
  • Low mill melting schedules keep cfr Taiwan prices under pressure
  • Indian prices follow Turkish correction.

Turkey
Turkish import scrap prices fell this week in transactions completed with US sellers, sources said.

Low trading activity for Turkish finished...

Published

Cem Turken

Lee Allen

Paul Lim

Carrie Bone

Amy Hinton

Tianran Zhao

July 30, 2021

17:08 GMT

Singapore, London, Shanghai, Mugla