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Turkey The bellwether Turkish import scrap market recorded a $5-per-tonne decrease on Friday following concerns about rebar demand in both the domestic and export markets.
“The number of deep-sea scrap offers is high at the moment, which is pointing to a correction in the prices,” a Turkish mill source said.
Turkish steel mills have been active in the deep-sea market this week, booking seven cargoes in total.
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 Prices in the United States deep-sea ferrous scrap export market have continued to strengthen on the US East Coast following the sales of fresh cargoes into Turkey earlier this week.
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 Steel scrap import prices in Vietnam have continued to increase even while the upward momentum in the finished and semi-finished steel markets has slowed in recent days, sources told Fastmarkets on Friday. Pricing history steel scrap, HMS 1&2 (80:20), cfr Vietnam
China Importers of ferrous scrap in China are considering raising their bids for imported heavy scrap, with steel mills in both the east and northeast of the country expected to purchase more quantities in the coming weeks.
Pricing history steel scrap, heavy recycled steel materials, cfr China
Taiwan Prices for containerized ferrous scrap imports into the key Taiwanese market have stabilized after the recent sharp jump seen in the market.
Pricing history steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan
India Prices for shredded steel scrap imported into India pushed up over the past week as a result of higher finished steel prices.
Pricing history steel scrap, shredded, index, import, cfr Nhava Sheva, India