STEEL SCRAP WRAP: Supply tightness continues to drive up prices

November 28, 2020 / www.metalbulletin.com / Article Link

Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.

Strong demand in Turkey to feed domestic, export marketsLimited transactions in US because of Thanksgiving holidayStrong demand in Vietnam on supply shortageContainer shortages in Taiwan support import pricesIndian prices move upward once more.
Turkey

Turkish steel mills were actively procuring import cargoes this week on steady demand for finished steel...

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