Global scrap prices in the key markets diverged in the week to Friday June 18, with those in Asia moving upward, while Turkish scrap prices fell amid slow buying driven by uncertainty over finished steel sales.
Turkish buyers had to pay a premium for US-origin shredded scrapUS export market reported new sales to TurkeySolid demand in Vietnam resulted in higher pricesChina reported stability in imported scrap pricesCompetition for scrap on the Taiwan market was linked to higher pricesIndian scrap prices moved up despite weaker sentiment.Turkish steel mills booked just two cargoes this week, on the same day, with prices moving down by...