Limited demand drags down global steel scrap prices

The demand for ferrous scrap in the major global markets, such as Turkey and Asia, was sluggish during the week ending on Friday May 20, resulting in some significant decreases in prices.

• Turkish scrap import prices continue to fall with buying interest very limited
• US domestic scrap prices follow downturn in export values

• Spot prices for deep-sea bulk cargoes imported into Vietnam...

Published

Cem Turken

Lee Allen

Declan Conway

Tianran Zhao

May 20, 2022

18:10 GMT

Mugla, Singapore, Galway, Shanghai