Global scrap prices in most major markets moved upward during the week ended Friday December 6, due to good demand and a shortage of material in some locations.
Prices jump in Turkey on newest tradesUS market activity picks up at higher pricesIndian price move up on material shortagePrices continue to move up in VietnamTaiwan maintains strong demand and solid pricesTurkey
Turkish steel mills booked booked several cargoes during the week - one US cargo, two Baltic-sea cargoes and a European origin cargo - to
push prices up by more than $10 per tonne since December 2.
The daily index for
steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, ended the week at $278.98 per tonne, compared with $266.77 per tonne on December 2.
The daily index for
steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $283.95 per tonne on Friday, up from $271.74 per tonne on December 2.
United States
Prices for US ferrous scrap exports moved upward due...