Global scrap prices remained relatively stable due to a lull in trading during the working week ended Friday November 22, with the exceptions of the Indian market, which dipped, and Taiwan, where prices rose.
Turkish steel mills slow pace of buying but prices hold steadyUS prices steady on pause in export activityIndian market dips on buying jittersPrices unchanged in VietnamTaiwan prices up on solid rebar demand.
Turkey
Turkish steel mills
slowed their deep-sea purchasing of scrap this week, which kept prices steady across the four confirmed cargoes traded over the period.
The daily index for
steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, ended the week at $257.47 per tonne on November 22, compared with $257.92 per tonne on November 18.
The daily index for
steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $264.24 per tonne on Friday, from $264.70 per tonne on Monday.
United States
Prices for US export scrap have remained stable in the minimal trading activity that has taken place.
Cargo...