STEEL SCRAP WRAP: Global markets slip as Turkey stalemate continues

September 19, 2020 / www.metalbulletin.com / Article Link

The effect of the absence of Turkish steel mills from the international scrap market was evident in tepid trading and weakening prices in the week to Friday September 18, with fears of an imminent market correction.

Turkey continues to hold back from booking new cargoesUS market remains quiet on possible correctionVietnam books large volumes at lower pricesTaiwan's upward trend comes to a haltIndia reports lower prices on negative sentiment.
Turkey
The Turkish steel mills remained firmly out of the deep-sea scrap markets this week, with no purchases made over the period.

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