Weekly: Global ferrous scrap market overview
Aug 11, 2020 11:00
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Global scrap prices continued to increase this week. Turkish steel mills have actively resumed scrap bookings after Eid holidays with prices increasing to over six-months high. Imported scrap offers to South Asian countries have increased simultaneously, many Japanese bulk scrap cargoes have booked by Bangladeshi steel mills for late Oct and early Nov’20 deliveries at increased prices.
Turkey:Turkish buyers areactive in the marketafter asmall gap of Eid-holidays. Imported scrap prices continued to rise and stepped in the range of $280. In a recently concluded deal, a Mediterranean region based steelmaker has booked 27,000 t of bulk cargo from a USA based scrap supplier. The cargo consisting of