WEEKLY SCRAP WRAP: Global prices slide on weak downstream, virus outbreak [CORRECTED]

Global scrap prices fell last week due to weak downstream demand and market jitters following the outbreak of the Wuhan coronavirus in China.

Turkish import prices slide on weak downstream demandUnited States' ferrous scrap export prices tumble in latest dealsTaiwan import prices dip on virus jittersIndian import prices dip in line with international pricesTurkey
Turkish imported ferrous scrap prices have continued on a downtrend in the face of weak demand from the downstream steel markets.
A Turkish steelmaker bought 30,000 tonnes of HMS 1&2 (90:10) from the US East Coast at $275 per tonne cfr on Wednesday January 29, equivalent to $272 per tonne cfr on a HMS 1&2 (80:20) basis. 

Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey ended the week at $263.54 per tonne on January 31, down $10.71 per tonne from $274.25 per tonne...

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