STEEL SCRAP WRAP: Rising steel demand boosts scrap purchases in major markets

October 17, 2020 / www.metalbulletin.com / Article Link

Turkish steel mills continued to book deep-sea scrap for November shipments at slightly higher prices in the working week to Friday October 16, easing the oversupply in the United States. Improving buying interest for finished steel supported scrap imports into Southeast Asia.

Turkish steel mills replenish scrap stocks on strong export salesTurkish bookings welcomed in US due to oversupplyRecovering demand for billet from China, higher offers from Japanese scrapyards boost scrap prices in VietnamBullish sentiment in Taiwanese scrap import market tempered by lower offersIndian prices up on Turkey's upward price trend.
Turkey
The Turkish steel mills continued to book deep-sea scrap cargoes this week with the support of strong export sales.

Turkish steelmakers booked three deep-sea cargoes from...

Recent News

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok