STEEL SCRAP WRAP: Prices trend downwards on worsening sentiment

May 29, 2021 / www.metalbulletin.com / Article Link

Global steel scrap prices dropped in the week to Friday May 28 on poor sentiment resulting from a weaker Chinese market and a softening of the Turkish market.

Turkey reports latest trades at lower pricesUS East Coast sees trades to TurkeyVietnamese market affected by weaker Chinese sentimentChinese prices remain down despite improving futuresTaiwan prices lower on soft buying interestIndian buyers show no interest in purchasing material.
Turkey

Turkish steel mills purchased just two cargoes this week, at decreasing prices, following a fall in Turkish...

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