WEEKLY SCRAP WRAP: Global spot demand rises on increasing prices

Turkish steel producers continued to purchase deep-sea cargoes on an easing of the restrictions under Covid-19 measures in the working week ended Friday June 5. Demand in the key import markets of Taiwan and Vietnam remained stable amid limited supplies from the United States and Japan while the Indian market continued its recovery.

Turkish purchases continueUS exporters see brisk spot tradeVietnam continues to purchase on strong demandElectricity rationing in Taiwan fails to limit price risesIndia continues recovery.
Turkey
Spot-market demand in Turkey was strong this week due to the easing of Covid-19-related measures in the country. Steel mills were actively purchasing cargoes from the United States, Canada and the Baltic Sea region.

Turkish steel producers booked at least five deep-sea cargoes totaling 150,000 tonnes this week....

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