WEEKLY SCRAP WRAP: Turkish prices rebound, Asian buyers enjoy low Japanese prices

February 18, 2020 / www.metalbulletin.com / Article Link

Ferrous scrap prices in Turkey rebounded on an improvement in demand from the country's steel mills during the working week ended Friday February 14. The upturn in Turkish prices sparked a recovery in the Indian markets, while prices in the United States were set to follow.

Turkish prices increase amid higher buying interestTurkish buying brings signs of recovery in US export marketLow prices for Japanese scrap sparks interest among buyers in Vietnam and TaiwanIndian prices rise on upturn in Turkish market.
Turkey
Turkish steel producers have made deep-sea scrap purchases for March shipments at higher prices in the past week.
Turkish mills booked six deep-sea cargoes last week, totaling almost 175,000 tonnes.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $267.05 per tonne on February 14, up by $14.82 per tonne from $252.23 per tonne on February 7.

The corresponding daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, also moved up by $14.82 to $274.82 per tonne on February 14, from $260 per...

Recent News

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok