STEEL SCRAP WRAP: Prices diverge in key global markets

Global scrap prices diverged in the week to Friday September 17, with the Asian and US scrap markets reporting gains, while Turkey tried to recover the previous weeks’ losses in its most recent purchases.

  • Turkish mills book handful of cargoes
  • Recent cargoes see higher export prices on US market
  • Vietnam prices jump on higher export orders
  • Chinese scrap prices dip on winter pollution controls
  • Taiwan scrap prices boosted following port congestion
  • Indian scrap prices remain rangebound.

Turkey

Turkish mills booked a handful of cargoes this week, with...

Published

Lee Allen

Jessica Zong

Paul Lim

Carrie Bone

Amy Hinton

Alice Li

September 17, 2021

16:20 GMT

London, Singapore, Mugla, Shanghai