STEEL SCRAP WRAP: Turkey import price falls on high supply, weak demand

Steel scrap prices started to move downward in major international markets such as Turkey and the US East Coast export sector over the week ended Friday July 30, amid plentiful supply of scrap in some areas but tepid buying interest.

Turkey import buy prices drop amid poor long steel salesRising scrap availability on US East Coast depresses export pricesVietnam remains out of import scrap market amid Covid-19 woesChina import scrap interest tepid amid wide bid-offer gapLow mill melting schedules keep cfr Taiwan prices under pressureIndian prices follow Turkish correction.
Turkey
Turkish import scrap prices fell this week in transactions completed with US sellers, sources said.

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