STEEL SCRAP WRAP: Demand in Asia supports prices, Turkey mostly silent

June 26, 2021 / www.metalbulletin.com / Article Link

The Turkish steel mills remained mostly quiet in the deep-sea scrap import markets over the week ended Friday June 25, due to limited rebar export sales, while demand from Asia was supporting exporters on the US West Coast.

Turkish mills ended the working week with a single cargo dealUS West Coast scrap export market strengthened with sales to BangladeshVietnamese buyers seek cargoes from US, Australia amid strong Japanese offersStrong domestic market in Japan means higher import offers for Chinese buyersPrices in Taiwan's scrap import market continue on upward trendIndian scrap prices move down on poor demand.
Turkey

The Turkish steel mills ended the week to June 25 with only a single deep-sea cargo deal made, amid weak demand for rebar,...

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