Steel mills around the world are buying ferrous scrap at higher prices, spurred by rebounding downstream steel prices in the rebar and billet markets.
Turkey sees price rebound and correction in one weekUS sees sales to Turkey, AsiaVietnamese mills increase bidsChinese buyers also raise bidsTight scrap supplyin TaiwanIndian prices higher on good sentiment.A major Turkish steel mill supported a price rebound after purchasing a cargo of HMS 1&2 (80:20) material at $430 per tonne. This was a $3 per tonne increase from the previous transaction at $427 per...