Global ferrous scrap prices have yet to hit the buffers in their downward plunge. Buyers in Asia were holding back from purchases in the week ended Friday January 29, swooping in only for low-priced cargoes, but demand from China could support prices in the near term.
Turkey re-enters spot marketBearish sentiment in US on lower transaction pricesTaiwan market in rapid descentCovid-19 in Vietnam damps sentimentIndia reports lower-priced bookings.Turkish scrap buyers re-entered the spot market from Wednesday onward, booking deep-sea cargoes from the UK and United States. They had abstained from buying in the earlier part of the week due to weak demand for...