Turkey secured up a fourth deep-sea steel scrap purchase at a discount, compared with its previous three previous cargo buys, in the week to Friday July 2, while activity in other global markets was comparatively subdued.
Turkey secured four deep-sea cargoes, from Europe and the United StatesUS exporters kept export prices above $500 per tonne; international mills were forced to compete with the vibrant domestic marketVietnamese mills' appetite was lackluster, leading to a significant bid-offer spread for scrap importsSummer production shutdowns damped demand in China's export, domestic marketsThe beginning of electricity rationing in Taiwan paused import demandPakistani mills restocked while higher offers from India failed to attract deals.