WEEKLY SCRAP WRAP: Global prices continue to fall

Ferrous scrap prices continued to move lower across the global markets during the week ended Friday February 7, following poor trading as a result of the coronavirus outbreak in Asia.

Turkish prices drop sharplyUnited States export prices drop on Turkey bookingsTaiwan import prices slip on demand dipVietnam prices move down as virus dampens sentimentIndian import prices slump as trading returnsTurkey
Prices in Turkey moved down throughout the week to Friday as cargoes continued to be booked at lower prices.
On February 4, a steel mill in the Iskenderun region booked a Baltic Sea cargo comprising 25,000 tonnes of HMS 1&2 (80:20) at $251 per tonne and 5,000 tonnes of bonus at $261 per tonne cfr, sources said. The cargo is scheduled to be shipped in March.

On the same day, another deal from Friday January 31 also came to light. A steel mill in the Marmara region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $267.50 per tonne and 15,000 tonnes of shredded at $272.50 per...

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