STEEL SCRAP WRAP: Global prices soften further on weak demand, freight issues

March 20, 2021 / www.metalbulletin.com / Article Link

Global steel scrap prices continued to fall over the week ended Friday March 19, with market participants battling against the disruptions in the bulk freight sector.

Turkey goes quiet despite rise in available cargoesUS sellers expect Turkey to return for scrap soonLack of free vessels hobbles Vietnam import businessBuying slows in China amid weaker appetite for scrapSellers to Taiwan resist further price dropsIndian prices tumble on weak market.
Turkey

Turkish steel mills largely stayed away from the deep-sea scrap market this week amid continuing soft demand for steel, despite the increasing availability...

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