Weekly: Global ferrous scrap market overview
Jun 30, 2020 10:00
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Global scrap market witnessed a price downtrend this week. Turkish scrap market decreased significantly w-o-w with only few deals concluded at lower price. Offers for South Asian countries too fell against last week's report. Japan's export prices crashed in the latest deals, pulling down domestic prices too in the Kanto region, while China's domestic market slightly uptick before the Drogon boat festival this week.
Turkey: Turkish steelmaker returned to the market for imported scrap after a gap of a week, with a couple of deep-sea cargo bookings were reported from USA and Benelux origin on decreased prices, although buying is still on slower side. In the latest deals, a Western Marmara region based steelmaker