Steel scrap prices in major markets waver on Turkey rebound

Ferrous scrap prices in the global markets were unstable in the week ended Friday November 5 because deep-sea import prices in Turkey, the biggest scrap importer, fell earlier. But they rebounded toward the end of the week, while suppliers in the United States were able to resist the decline because of strong domestic demand.

Turkish import prices rebounded late in the week Strong domestic demand helped US exporters to keep prices up Import prices in Vietnam fell amid waves of Covid-19 infections Chinese import prices continued to fall, with major mills lowering their domestic purchase prices Taiwan booked scrap at lower prices but was ready for any rebound India’s import market was quiet due to the Diwali religious festival. Turkey
The Turkish steel mills managed to...

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Cem Turken

Paul Lim

Carrie Bone

Amy Hinton

Tianran Zhao

November 05, 2021

18:56 GMT

Mugla, London, Singapore, Shanghai