Global steel scrap markets bearish with falling prices for Asia imports

The global steel scrap markets were dominated by bearish sentiment in the week to Friday May 13, with buyers in Asia continuing to secure cargoes at lower prices.

• Turkish steelmakers hold back from market late this week amid a sharp fall in prices
• Scrap sales from US West Coast to Asia trade at weaker prices

• Offer-bid gap for...

Published

Cem Turken

Declan Conway

Amy Hinton

Tianran Zhao

May 13, 2022

16:08 GMT

Pittsburgh, Mugla, Shanghai, Galway