Global steel scrap prices have risen over the week to Friday October 23, following Turkey's re-entry into the market and a sharp rise in the prices of Japan-origin material.
Turkish mills rejoin scrap market for higher-priced cargoesSentiment positive in US East Coast market despite no fresh dealsVietnamese mills' appetite grows for US material following spike in Japanese pricesTaiwanese scrap importers powerless to prevent rise in pricesIndian prices track international market; availabillity tight.
Turkey
Turkish steelmakers have re-entered the market for steel scrap cargoes over the past seven days, purchasing material at higher prices than last week.
Two deep-sea deals for Baltic Sea-origin material came to light this week, and another for...