Global ferrous scrap prices showed varying dynamics in the week ended Friday April 26 following price drops in Turkey and Vietnam, while prices moved up in Taiwan and India.
Only deal done this week sends Turkish prices down US export market remains static Prices move down in Vietnam Taiwan prices begin recovery India prices inch up on tight supply.Turkey importsThe Turkish mills remained mostly silent in the deep-sea scrap markets this week. Only one cargo was booked, on the last day of the week, which sent the daily indices downward after a week of almost no movement.A steel mill in the Izmir region booked a US cargo on Friday, comprising 22,000 tonnes of HMS 1&2 (80:20) at $308 per tonne, 5,000 tonnes of shredded at $313 per tonne and 3,000 tonnes of plate and structural (P&S) scrap at $318 per tonne cfr.This compared with the previous US cargo, which was sold on April 16 at $312.50 per tonne for HMS 1&2 (80:20) and $317.50 per tonne cfr for shredded.With many Europeans on Easter holiday on Monday, and Turkey...