Global ferrous scrap prices rebounded in the week to Thursday April 18 on returning demand from Turkish steel mills. Export prices on the United States' East Coast moved up as a result.
But demand was limited in the key import market of Vietnam due to a mill stoppage, while Taiwanese steel mills remained well-stocked. Turkey demand returns US market picks up on East Coast Mill stoppage in Vietnam damps demand Taiwanese steel mills wait-and-see India demand picks up late in week.Turkey importsTurkish demand for imported scrap returned this week, with steel mills booking both Europe- and US-origin scrap cargoes.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) ended the week at $308.19 per tonne cfr on April 18, having been calculated at $303.41 per tonne cfr on April 15.The daily index for US-origin HMS 1&2 (80:20) ended the week at $312.26 per tonne cfr on April 18, having been at $307.48 per tonne cfr on April 15.A steel mill in the Iskenderun region booked a European cargo late on April 15, comprising 17,500 tonnes of HMS 1&2 (75:25) and 7,500 tonnes of...