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Turkey Turkish steel mills have booked as many as 10 bulk cargoes this week from the United States, the UK and the Baltic Sea region.
Mills continued to book material in the first half of the week, having filled their order books until the end of the year. A public holiday in the latter part of the week subdued trading temporarily.
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 Exporters on both coasts were seeing more export activity and higher prices for their cargoes, which resulted in tigher supply in the domestic market ahead of November’s markets.
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 Interest in US-origin materials remained strong due to the higher prices being asked for Japanese supply.
Pricing history steel scrap, HMS 1&2 (80:20), cfr Vietnam.
Taiwan Taiwanese buyers were balking at higher prices for imported cargoes, looking to purchase more domestic ferrous scrap instead.
Pricing history steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan.
India Prices on the Indian market moved up as a result of continuing tightness in material supply.
Pricing history steel scrap, shredded, index, import, cfr Nhava Sheva, India.
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