STEEL SCRAP WRAP: Demand still limited in major markets

July 10, 2021 / www.metalbulletin.com / Article Link

Global scrap prices broadly fell over the week to Friday July 9. Spot demand in Asia remained weak, with buyers looking at lower Turkish steel scrap prices for indications of better buying opportunities in the future.

Turkey resumes deep-sea importsPrime grades perform best in USVietnam demand soft but billet demand could offer hopeChinese price uptrend capped by production cutsTaiwan continues to purchase containerized scrapPakistan market outperforms India.
Turkey
Turkish steel mills started purchasing imported bulk cargoes from Wednesday this week, booking materials from the United States and the Baltic Sea at increasingly high prices.

But purchases...

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