STEEL SCRAP WRAP: Asian prices recover despite downturn in Turkey

July 11, 2020 / www.metalbulletin.com / Article Link

Steel scrap prices in the Asian markets have recovered following the Kanto auction in Japan, while Turkish deep-sea scrap import values inched down at the end of the week due to weak demand for rebar.

Turkish steel producers resumed their deep-sea scrap purchases at the end of the week at slightly lower pricesUS export markets broke silence at the end of the week with fresh cargoes to TurkeyJapanese scrap offers to Vietnam increased after the results of the July Kanto Tetsugen auctionImport scrap prices in Taiwan started a recovery amid increased demandTightening supply raised scrap prices in India by around $5-10 per tonne.
Turkey

The Turkish steel producers resumed their deep-sea scrap purchases at the end of the week at slightly...

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