STEEL SCRAP WRAP: Turkish import prices steady despite Asia slowdown

May 22, 2021 / www.metalbulletin.com / Article Link

Turkish steel scrap import prices have so far held firm despite a sharp drop in China's steel and scrap markets this week.

Soaring billet and rebar prices in Asia were factors in allowing Turkish import scrap prices to rise earlier this month, but despite a large downturn in many Asian ferrous markets this week - including China and Taiwan - Turkish scrap prices have so far been undeterred.

Turkey books more cargoes, prices edge upwards US bulk offer prices increase on both coasts Vietnamese import prices reverse following weakening sentiment Chinese scrap buyers spooked by crashing futures, ferrous prices Taiwanese buyers drop bid prices amid weaker steel...

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