STEEL SCRAP WRAP: Prices hit highs on tight global supply

December 12, 2020 / www.metalbulletin.com / Article Link

Global steel scrap prices continued to increase throughout the week to Friday December 11 on active purchasing from steel mills and tight supply in the spot market.

Turkey purchases at increasingly higher prices on tight supplyUS exporters see brisk trade on East CoastTaiwan sees continued shortage in containerized scrap supplySurge in Kanto Tetsugen auction cause H2 offers to spike in VietnamIndia shredded price crosses $400 per tonne mark.
Turkey

Turkish steel mills purchased imported cargoes at increasingly high prices this week on limited supply, purchasing...

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