Improving demand for finished and semi-finished steel products across the major outlets has increased scrap prices in the major markets over the week to Friday November 13.
Turkish mills continued to pay more for deep-sea scrap cargoes, because they have secured a lot of rebar sales, while demand for billet in China drove up the prices in Asia. The supply of scrap, however, was tightening and supporting higher prices.Turkish steel mills book three deep-sea cargoes at escalating prices US scrap prices rise with a further increase expected Strong demand for Vietnamese billet in China pushes up scrap prices Tighter supply together with container freight...