Turkish mills back to market for steel scrap, Asian markets face further headwinds

Turkish steelmakers returned to the market for steel scrap cargoes at slightly lower prices in the week ended Friday May 27, while key Asian markets continued to show price decreases.

• Turkey steelmakers re-enter market for handful of cargoes
• US scrap market fears further drop in June settlements
• Vietnamese scrap prices hurt by production cuts

• Chinese local scrap sees higher supply,...

Published

Cem Turken

Lee Allen

Declan Conway

Amy Hinton

Tianran Zhao

Olivia Zhang

May 27, 2022

17:30 GMT

London, Shanghai, Pittsburgh, Mugla, Galway