Turkish steel mills returned to the deep-sea scrap markets amid better domestic steel demand, causing prices to rise, while other major markets except Vietnam were largely stable during the working week ended Friday May 8.
Turkish steel producers resume deep-sea bookings, prices upUS scrap export market silent; dock buying prices flatSentiment in the Vietnamese scrap import market positive due to increased demand and expectations of higher pricesVolatile import prices in Taiwan create an unclear price outlook in the short termScrap trade still on hold, with the lockdown to remain in place for many parts of the country.Steel producers in Turkey returned to the deep-sea scrap import markets last week, buying at least five deep-sea cargoes, in response to the recovery of long steel demand in the local markets, Fastmarkets was told...