Steel scrap prices jump in Asia, Turkey cools after recent rise

Steel scrap prices generally rose in the major importer markets in the week ended Friday January 14, with Asian markets bidding higher amid firmer demand while mills in Turkey have cooled their buying interest again following a jump in prices late last week.

• Turkish steelmakers retreat from deep-sea market after recent bookings
• US exporters close deals to Bangladesh, Turkey
• Vietnamese scrap prices jump amid bullish Asian sentiment
• Chinese local scrap in tight supply ahead of new year holiday
• Taiwan import prices gain throughout week
• Indian prices rise as customers accept higher offers.
Turkey
Turkish steel producers continued their deep-sea scrap bookings for February shipments on a slow pace throughout the week to January 14.

Two deep-sea cargoes, from the United States and Baltic Sea regions respectively, were heard traded on January 12, bringing Fastmarkets’ daily scrap indices down by $6.84...

Published

Cem Turken

Lee Allen

Vlada Novokreshchenova

Paul Lim

Amy Hinton

Tianran Zhao

January 14, 2022

18:40 GMT

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