STEEL SCRAP WRAP: Prices may break through $500/t, sources say

Global steel scrap prices surged in the week to Friday May 7 and could well break through the $500 per tonne cfr mark, starting in Asia, market sources have told Fastmarkets.

This was due to the continued demand for steelmaking raw materials and the current high prices for alternative iron ore feedstock, they said.
Turkish scrap import prices spikeSentiment in US remains bullishPossible $485 per tonne cfr deal in VietnamChina returns from holiday to booming steel pricesTaiwan sees price uptick on tight supplyIndia prices move up but buyers hesitate.Turkey

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