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Turkey A cooling-off in the demand for finished steel led to a dearth of deep-sea scrap cargo bookings reported from Turkey in the week to June 4.
Turkish buyers adjusted their offers for HMS 1&2 (80:20) downward to $495 per tonne cfr on this basis.
This latest offer was a reduction of $8 per tonne from the region’s last reported purchase of this scrap grade, heard at $503 per tonne from the US East Coast at the end of the preceding week.
Pricing history steel scrap HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey. steel scrap HMS 1&2 (80:20), US origin, cfr Turkey.
United States Export prices for HMS 1&2 (80:20) on the West Coast rose by $70 per tonne on the basis of two sales to Bangladesh that came to light over the week, while those from the East Coast continued to gradually soften after peaking at $525 per tonne.
Pricing history steel scrap HMS 1&2 (80:20), export index, fob New York. steel scrap shredded scrap, export index, fob New York. steel scrap, HMS 1&2 (80:20), export index, fob Los Angeles.
Vietnam Mixed pricing trends across the Asian export scrap markets kept Vietnamese importers on the fence and out of the market this week.
Pricing history steel scrap, HMS 1&2 (80:20), cfr Vietnam.
China Subdued buying appetites kept China’s scrap markets quiet and prices steady over the course of the week.
Pricing history steel scrap, heavy scrap, domestic, delivered mill China.
Taiwan Weak demand continued to push Taiwanese prices down incrementally, but it was thought that an incident at the territory’s Kaohsiung port would have a minimal effect on containerized scrap prices.
Pricing history steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan.
India Tight supply improved sentiment in the Southeast Asian market this week, with shredded import prices into India and Pakistan both rising.
Pricing history steel scrap, shredded, index, import, cfr Nhava Sheva, India.