Hopes were high on Friday June 11 that global scrap prices were rebounding, with China looking to import steel billet again amid rising prices in its domestic steel market. Turkish steel mills were also purchasing import cargoes again.
Turkey returns to spot marketUS West Coast sells to Bangladesh at $15 per tonne decreaseTaiwanese buyers fail to secure cheaper materialsChina sees price uptick as week closesWeak demand in Vietnam on falling steel pricesIndian prices move up on fresh trading.Turkish steel mills resumed their purchasing activities this week after nearly two weeks without procuring any imported...