STEEL SCRAP WRAP: Global prices surge on improving billet, rebar demand

October 09, 2021 / www.metalbulletin.com / Article Link

Global ferrous scrap prices increased in the week ended October 8 in response to improving downstream demand for billet and rebar.

Turkish mills pay higher prices on improving downstream demandUnited States sells a bulk cargo to Turkey at a $5-per-tonne increaseVietnamese buyers opt for bulk HMS 1&2 (80:20) cargoes from US, AustraliaTaiwanese buyers continue to purchase containerized cargoesIndian prices rise sharplyTurkey

Turkish steelmakers booked a flurry of cargoes in the week from Europe, the Baltic Sea and the United...

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