STEEL SCRAP WRAP: Turkish steelmakers secure lower prices, Asian offers still firm

August 21, 2021 / www.metalbulletin.com / Article Link

Prices of imported scrap in Turkey continued to weaken amid limited finished steel trade in the week to August 20, while buyers in Asia resisted higher offers.

Turkish steel mills book more scrap for September shipments at decreasing prices The United States scrap export market reports further price decrease with a fresh cargo sale to Turkey Buyers in Vietnam resist higher offers for bulk cargoes from the US amid poor downstream demand Imported scrap prices into China remain rangebound with the wide gap between bids and offersPrices of imported containerized scrap in Taiwan move up amid higher freights Prices...

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