Higher demand in key consumer markets led to a jump in steel scrap prices across all major markets in the week to Friday October 15, sources have told Fastmarkets.
?EUR?Turkey import prices spike amid limited supply, firm demand
?EUR?Further price increases expected in US export market
?EUR?High prices dissuade Vietnam buyers from more deals
?EUR?China scrap demand recovers amid less stringent power restrictions
?EUR?Taiwan market rises with offers being withheld
?EUR?Indian prices continue to climb.
Turkey
Import prices for steel scrap have ballooned in the key Turkish import market this week, amid stronger demand from steel producers in the country.
Turkish steelmakers have...