STEEL SCRAP WRAP: Demand ramps up in Turkey, Asia

Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.

  • Turkey scrap prices stable after raft of deep-sea bookings
  • United States scrap export prices still in decline
  •  Vietnamese import interest renewed amid higher Chinese billet prices
  • Healthy Chinese finished steel prices led to higher producer bids for imported steel
  • Obstruction at Los Angeles ports keeps lid on Taiwanese scrap imports from US
  • Indian appetites grow for shredded material, buoying prices.

Turkey

Turkish mills booked seven...

Published

Cem Turken

Maria Tanatar

Lee Allen

Paul Lim

Amy Hinton

Tianran Zhao

September 10, 2021

19:05 GMT

London, Shanghai, Singapore, Mugla