The majority of global scrap prices moved upward on good demand and thin supply in the week ended Friday September 21.
Turkish prices continued their upward movement, with several cargoes being booked this week, as did prices in India and Taiwan. On the US East Coast, prices remained stable but Vietnam suffered from logistical difficulties.Turkey importsThe first deep-sea scrap booking of the week, made by a Turkish steel mill on Monday night, came to light on September 18.A steel mill in the Iskenderun region booked a European cargo, consisting of 26,000 tonnes of HMS 1&2 (80:20) at $317 per tonne and 4,000 tonnes of bonus at $327 per tonne.Mills then remained silent until the end of the week, when several deep-sea cargoes were booked in quick succession.Three steel producers booked five deep-sea cargoes from various locations, totaling around 135,000 tonnes late on September 20.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 10,000 tonnes of bonus at $335 per tonne cfr.The same mill booked a second Baltic...