Global ferrous scrap prices showed different dynamics during the working week ended Friday May 31, with Turkish import prices declining on limited buying activity and Asian import prices rising or holding their ground on steady demand.
Turkish import prices down on lackluster rebar sales US export prices up on weekly basis, but latest sale closed lower Vietnam prices flat, Taiwan prices rise on steady demand Indian prices unchanged on limited trading.TurkeyTurkish imported scrap prices ended the week on May 31 on a lower note, correcting downward after mills slowed their buying activity following last week's short-lived buying spree.Three steel mills booked 80,500 tonnes of ferrous scrap early in the week, only to withdraw to the sidelines later due to their inability to realize rebar sales to the United States.The daily index for Northern Europe-origin HMS 1&2 (80:20) scrap ended the week at $303.25 per tonne on May 31, down from $307.12 per tonne on May 24.The daily index for US-origin HMS 1&2 (80:20)...