Global steel scrap markets began to revive with growing downstream demand for finished steel in the week to Friday April 23. But regional prices diverged over the period, with Turkish buyers securing scrap at lower levels while Asian importers had to contend with price increases.
Mills in Turkey secured cheaper European scrap to feed increased rebar exportsUnited States sales were on hold, with exporters refusing to make lower offersSellers into Vietnam capitalized on increased downstream steel demandStrong Japanese import appetites boosted deep-sea scrap prices for sales from ChinaRenewed Taiwanese market activity gave rise to expectations of price risesA new outbreak of Covid-19 infections hampered sales in the Indian marketTurkeyTurkish mills' attempts to push...