WEEKLY SCRAP WRAP: Weakening demand creates downturn in global prices

Steel scrap prices in the major regions started to weaken during the working week from Monday June 22 to Friday June 26, amid softening demand.

Turkish mills booked only two deep-sea cargoes this weekUS export prices down $6 per tonneSteady demand could not prevent prices weakening in VietnamImport prices down in Taiwan ahead of festival periodLower prices entice buyers in India.
Turkey
Turkish steel mills mostly stayed away from deep-sea scrap purchases over the past week because of soft markets for their finished long steel products.

The country's steelmakers booked only...

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