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• Turkish scrap prices remain steady on public holiday • US export prices rise on tight domestic market • Vietnam prices affected by falling Chinese market • Chinese scrap prices soften on weaker domestic market • Taiwan scrap prices dip amid softening billet demand • Indian market relatively quiet ahead of religious holiday.
Turkey Turkish mills booked only a couple of cargoes during the assessment week, with the market closing for the final two days of the working week for a public holiday, keeping prices steady.
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 The US scrap export market reported higher-priced sales, with domestic supplies in the country remaining under pressure. https://www.metalbulletin.com/Article/4013934/Search-results/US-scrap-export-mart-enjoys-higher-priced-sales.html
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 Prices for scrap imported into Vietnam slipped amid weakening sentiment caused by sharp losses in China and weaker demand for steel billet.
Pricing history steel scrap, HMS 1&2 (80:20), cfr Vietnam.
China Prices for scrap imported into China moved down by $5 per tonne week on week amid bearish sentiment on the domestic scrap market.
Pricing history steel scrap, heavy recycled steel materials, cfr China
Taiwan Prices for scrap imports into Taiwan moved down following billet diversions and Chinese production cuts.
Pricing history steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan.
India Prices for shredded scrap imports into India increased across the week despite concerns over rising freight costs and relatively subdued demand due to the upcoming Diwali religious festival in the country.
Pricing history steel scrap, shredded, index, import, cfr Nhava Sheva, India.