STEEL SCRAP WRAP: Weak demand in major markets pulls down prices

September 04, 2021 / www.metalbulletin.com / Article Link

Poor demand in key import markets in Turkey and Asia continued to pull steel scrap prices downward in the week ended Friday September 3. High freight costs and a lack of container ships also damped spot trading liquidity.

Turkish mills book handful of cargoes for requirementsUS sees limited export transactionsChina demand weak amid more production cutsVietnam spot liquidity limited due to holidaysTaiwan looks toward Japanese scrapIndian prices steady in recent trades.
Turkey

Turkish steel mills booked a handful of scrap cargoes this week, but strictly to cover requirements amid poor sales of finished steel in the...

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