STEEL SCRAP WRAP: Global markets cool as buyers seek clarity

April 17, 2021 / www.metalbulletin.com / Article Link

Purchasing activity in the key global steel scrap destinations began to cool in the week to Friday April 16, with price increases levelling off on a change of sentiment, with the exceptions of Taiwan and China.

Turkey did not purchase any cargoes this weekUS market quiet, looking for market directionVietnamese import prices level out but sentiment soursChinese prices stabilize as sentiment deterioratesTaiwan import prices continue to rise on good demandIndia prices flat on market uncertainty.
Turkey

Turkish steel mills have remained silent over the past week, buying no cargoes and with prices...

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