Weekly: Global ferrous scrap market overview
Sep 29, 2020 10:00
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Global ferrous scrap trades remained dull towards the beginning of the week due to Japanese holidays and absence of Turkish mills. However, with Turkish mills resuming deep sea cargo bookings, market sentiments gained support. Prices in Japan, China and south-Asian countries also fell due to decline in bids.
Turkish mills resume bulk scrap bookings: Imported scrap prices to Turkey have rebounded in the latest bulk cargo bookings concluded after a gap of almost two weeks. SteelMint's assessment for HMS 1&2 (80:20) from the USA stands at $299/t CFR Turkey.
Japanese domestic scrap prices remain unchanged:Japan's leading EAF mini mill-