STEEL SCRAP WRAP: Fresh price increases in Turkey; Asian markets firm

July 18, 2020 / www.metalbulletin.com / Article Link

The prices paid for steel scrap by mills in Turkey and Asia have moved up over the week ending Friday July 17, against a backdrop of stronger Chinese prices for iron ore and steel.

Turkish steel producers continue to book deep-sea scrap at progressively higher prices through the weekUS East Coast market activity increased after new sales to TurkeyVietnamese scrap demand was supported by a surge in billet bookings to ChinaTaiwanese mills turned their focus to Japan-origin cargoesIndia prices remained firm on tight supplyTurkey
Turkish steel mills continued to purchase deep-sea scrap cargoes during the past seven days, with prices rising as the week progressed.

Mills in Turkey booked five deep sea cargoes during the week, from the Baltic...

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