Global steel scrap markets broadly stable in active markets

Prices in the key global markets for steel scrap remained largely stable in the week to Friday November 26, with active trading in most locations.

• Turkish mills book several cargoes
• US export prices stable in recent sales
• Vietnam scrap market restricted by Covid-19 pandemic
• Chinese scrap prices steady but buyers holding back
• Taiwan scrap market quieter due to US Thanksgiving holiday
• Indian sentiment remains poor.
Turkey
Turkish steel mills booked a total of five cargoes this week, with prices largely similar across the bookings.

Published

Cem Turken

Lee Allen

Paul Lim

Carrie Bone

Amy Hinton

Tianran Zhao

November 26, 2021

17:45 GMT

London, Mugla, Shanghai