Global ferrous scrap prices continued to trend downward over the week from June 17 to June 21, while falling Turkish import prices weighed on prices and buyer sentiment in other markets.
Turkish import prices decline on oversupplyUS export prices continue downslideTaiwan, Vietnam prices fall but may rebound soonIndia prices dip on poor trading conditions Turkey Turkish mills booked three cargoes before returning to the sidelines mid-week due to burgeoning inventory levels. Prices fell by $6-10.50 per tonne during the week due to an oversupply of bulk cargoes in the deep-sea market. A United States' mixed cargo booked on Monday June 17 concluded at an average price of $289 per tonne cfr, concurrent with a European cargo traded at $284 per tonne cfr for HMS 1&2 (80:20). Two days later, a US cargo was booked at $278.50...