Global ferrous scrap prices rallied during the week ended Friday May 24 in response to the United States’ reduction of the tariff on imports of Turkish steel, with the exception of Vietnam, where buyers adopted a more cautious stance.
Global ferrous scrap prices showed different dynamics during the working week ended Friday May 31, with Turkish import prices declining on limited buying activity and Asian import prices rising or holding their ground on steady demand.
Global ferrous scrap prices moved downward during the week ended Friday June 7, notably in India and Taiwan, but prices in Turkey, the United States and Vietnam remaining unchanged on a lack of trading.
Global ferrous scrap prices were mostly on a downward trend in the week ended Friday June 14 due to ample supply from key exporters and limited demand from buyers.
Global ferrous scrap prices continued to trend downward over the week from June 17 to June 21, while falling Turkish import prices weighed on prices and buyer sentiment in other markets.
Global ferrous scrap prices ended the downtrend during the working week from Monday June 24 to Friday June 28, with Turkish mills returning to the market for August shipment deep-sea cargoes, bringing a positive sentiment to the market.
Ferrous scrap prices went up in almost all of the major markets during the working week from Monday July 1 to Friday July 5, following the rebound in Turkish prices.
Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity.
Scrap prices in most global markets pushed upward in the week ended Friday July 19, in line with stronger Turkish import prices. But this excluded the Indian market, which was hurt by limited trading activity.
Global ferrous scrap prices dropped again during the week to Friday March 20, with the spread of the novel coronavirus (2019-nCoV) continuing to weigh on markets and squeeze demand from steel mills.
تمامی حقوق مادی و معنوی این سایت متعلق به شرکت آرتان شرکت فولاد ایرانیان می باشد و استفاده از مطالب با ذکر منبع بلامانع است.