STEEL SCRAP WRAP: Prices surging in major markets, supply still tight

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

Turkish steel mills continued to refresh their scrap stocks in the week to Friday January 8, with fresh deep-sea cargoes booked at higher prices, while concerns increased over tight supply in Asia, with China entering the market.

Turkish mills book more cargoes for February-March at escalating pricesUS East Coast exporters enjoy demand from Turkish producers; West Coast lacks fresh dealsVietnamese buyers hold back bookings ahead of Kanto Tetsugen auctionChina's entrance to Asian scrap market sparks concern of tight supply in VietnamIndia reports higher prices despite market uncertainty.
Turkey

The Turkish steelmakers continued to book deep-sea scrap...

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