Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories.
Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments. Two of these cargoes were of Baltic sea origin while the other two came from the United States.The daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, ended the week at $286.65 per tonne on July 26, down from $292.74 per tonne on July 22.The daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $293.83 on Friday, down from $299.92 per tonne on Monday.United StatesPrices fell in the US East Coast export market following two recent sales to Turkey.A Turkish steel mill booked a cargo on Monday comprising 21,000 tonnes of HMS 1&2 (80:20) at $294 per tonne, 22,000...