WEEKLY STEEL SCRAP:
Turkey keeps buying, Asia bulk markets go quiet
Turkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed.
Turkish mills continue to book deep-sea scrap
Demand from Turkey has allowed US East Coast prices to keep increasing
Trading activity falls in Vietnamese market as offer prices climb
Buying activity remains strong in Taiwan
Indian mills absent from market
Turkey
Bookings for bulk import scrap to Turkey continued over the past week with easing Covid-19 restrictions aiding demand for long steel products.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey, was 3,400-3,440 lira ($499-505) per tonne.
source: Metal bulletin
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