Relative stability in global scrap markets

Prices in key global markets for scrap metal remained broadly stable in the week ending Friday, November 26, with trading taking place in most locations.

• Pre-purchase of several shipments by Turkish steel mills
Stability of US export prices in recent sales
• Vietnam’s scrap market is limited due to the Covid-19 epidemic
• Chinese scrap prices are stable but buyers are retreating
Taiwan’s scrap market is calmer due to the US Thanksgiving holiday
• The atmosphere in the Indian market is still weak.

Turkish steel mills pre-purchased a total of five shipments this week, the prices of which were almost the same in all of these pre-purchases …

According: metalbulletin

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