Steel scrap prices continued to surge this week due to sustained demand from buyers in all markets, with the exception of India. Downstream steel prices have supported raw material price increases in Asia, with buyers melting scrap to feed demand for billet and long steel products.
Turkey books Canadian, Baltic Sea scrapUS export prices to go higherVietnam buys deep-sea bulk cargoesTaiwan chases containerized scrap prices higherIndian market remains subdued.Turkish steel mills continued to purchase imported scrap cargoes at higher prices to feed downstream long steel production. Steel mills in the country have been actively offering...