WEEKLY SCRAP WRAP: Global demand tapers off due to public holidays, Covid-19 restrictions

A short working week for many countries in the global scrap market, coupled with the continuing Covid-19 restrictions, resulted in a dip in demand and falling prices in the week to Friday May 1.

Turkey books lower cargoes on reduced output and demand Market in United States remains flat on lack of trading Vietnam market quiet due to public holiday Demand for Taiwan scrap dips India demand dips on continued inactivity  Turkey
A short and slow week in Turkey due to various public holidays led to just two of cargoes being booked, sending prices down, while the Covid-19 pandemic continues to take its toll in the country, reducing steel demand and reducing output at mills.
Fastmarkets' daily index for steel scrap, heavy melting scrap (HMS) 1&2 (80:20), US origin, cfr Turkey, was $236.30 per tonne on Friday May 1, down from $251.83 per tonne a week earlier.

The daily index for steel scrap, HMS 1&2 (80:20), North Europe origin, cfr Turkey, was $242.42 per tonne on Friday May 1, also down from $258 per...

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