Weekly: Global ferrous scrap market overview
Oct 20, 2020 11:00
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Global ferrous scrap market regained momentum. Turkish mills resumed deep-sea cargo bookings at increased price. Following this trade picked up in South Asian markets as well. However, domestic scrap prices in Japan and China remained unchanged this week. South Korean mills lowered bids for Japanese scrap.
Turkish mills resumed deep sea scrap bookings actively -Turkish steel mills have actively resumed deep-sea scrap bookings this week. Buyers may book fresh cargoes for November shipments as increased in finished steel demand. Many USA suppliers are holding back offers at $290/t CFR levels. SteelMint's assessment for USA origin HMS