STEEL SCRAP WRAP: Global prices fall on poor market sentiment

Scrap prices across the global markets moved down in the week ended Friday October 9, largely due to Turkey's return to the market, although making purchases at lower prices than previously.

Turkish steel mills purchase cargoes at lower pricesUS export market follows Turkish leadVietnam reports thin tradingTaiwanese scrap import market dips ahead of holidayIndian material booked at lower prices.
Turkey
Turkish steel mills were largely out of the deep-sea markets for most of this week, until Thursday when two cargoes were booked at lower prices than in the most-recent previous deals.

This was followed by another cargo...

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