Sentiment weakens across most major steel scrap markets

Prices across most major steel scrap markets moved downward in the week ended Friday December 3 amid the weakening of the Turkish lira and poor sentiment in several key buying nations, with the end of the year fast approaching, sources told Fastmarkets.

• Turkish steelmakers shy away from market after early-week deals
• US exporters close deals at lower prices
• Vietnamese import demand wanes amid lackluster billet sales

• China local scrap demand inches up,...

Published

Cem Turken

Lee Allen

Paul Lim

Carrie Bone

Amy Hinton

Tianran Zhao

December 03, 2021

17:50 GMT

London, Mugla, Shanghai, Singapore