Ferrous scrap prices across the global markets moved downward during the working week to Friday March 13 on lower confidence and reduced trading because of the continuing container shortage.
Market stasis ends with lower prices in TurkeyUS export market expecting lower pricesPrices slip in Taiwan, VietnamIndian markets falter on poor conditions.
Turkey
Purchases of cargoes from the deep sea market
finally resumed after a period of inactivity, with a handful of US- and Baltic Sea-origin deals booked for the first time this month, but with prices moving downward.
Fastmarkets' daily index for
steel scrap HMS 1&2 (80:20), Northern Europe origin, cfr Turkey, ended the week at $265.53 per tonne, down from $272.13 per tonne one week earlier.
The corresponding daily index for
steel scrap HMS 1&2 (80:20), US origin, cfr Turkey, was $272.97 per tonne on Friday, down from $279.45 per tonne one week earlier.
United States
Prices on the US export market were likely to move down in fresh trading.
An East Coast export source...