STEEL SCRAP WRAP: Global prices rise amid strong steel markets, rising freight

February 27, 2021 / www.metalbulletin.com / Article Link

Steel scrap prices have increased across all major markets over the week to Friday February 26, driven by strengthening steel markets and a jump in bulk freight rates.

Turkish mills continue to book cargoes at higher pricesUS export prices rise in sales to South Korea, TurkeyVietnamese buyers juggle tight billet-scrap spreadsTaiwan import market boosted by strong freight ratesIndia market mirrors increases in international markets.
Turkey

Prices for steel scrap imported into Turkey continued to rise after mills in the country booked a raft of cargoes from Europe, the United States and the Baltic Sea region in...

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