Turkish steel producers continued to push for lower deep-sea scrap prices, while suppliers in the Baltic Sea and United States continued to maintain higher offers, market participants told Fastmarkets on Tuesday April 20.

Fastmarkets will, on Wednesday April 21, launch a weekly price assessment for the zinc SHG ingots in-warehouse Southeast Asia warrant premium.

The latest forecasts from Fastmarkets' team of analysts is ready to view.

Turkish steel producers returned to the deep-sea scrap import market at the start of the week, booking cargoes from a range of locations at lower prices, market participants told Fastmarkets on Monday April 19.

Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Fastmarkets on Thursday April 15.

Base metals prices on the London Metal Exchange were largely trading sideways during the morning session on Tuesday April 13, after decreases across the board on Monday due to warnings out of China about rising commodity prices.

Base metals prices on the London Metal Exchange were down across the board this morning, Tuesday April 13, as were most of the metals prices on the Shanghai Futures Exchange, while broader markets were quiet.

Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.

Liberty Steel has resumed production at its UK special steel plant in Rotherham, the steelmaker said on Tuesday April 6.

A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.