Asian steel scrap markets see further drops while Turkish buyers stay silent

Steel scrap prices have taken a hit across Asia in the week ended Friday March 24 because of poor steel demand and uncertainty over the prices at which Turkish importers will next pick up cargoes, after their extended absence from bookings.

• Bids drop in CFR Turkey market but no new deals confirmed
• US exporter sentiment harmed by lack of Turkish bookings
• Vietnamese mills reject scrap deals amid poor steel sales

• Negative...


Cem Turken

Lee Allen

Ross Yeo

Amy Hinton

Tianran Zhao

March 24, 2023

19:50 GMT

London, Mugla, Pittsburgh, Shanghai