Global ferrous scrap market overview - Week 2, 2020

Most of the major markets for ferrous scrap observed mixed trend this week. Turkish mills resumed buying this week from European origins, while offers to South Asian markets rose further, with India in particular observing significant improvement in trades. Japan’s monthly Kanto tender moved up.
Turkey Imported scrap prices from Baltic and South European origins inched down in a couple of bulk cargo bookings observed this week, while no booking from US yards got concluded over the week as buyers’ bids remained quite lower than the present offers. Among the latest deals, a Mediterranean region based steelmaker in Turkey booked a bulk vessel


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