Global steel scrap markets face economic hurdles

Amid global economic fluctuations, Turkish steelmakers continued to secure scrap deals despite a domestic slowdown, while rising fuel costs were affecting US-to-Turkey freight rates during the week ended Friday September 15.

Meanwhile, Vietnamese and Chinese buyers have been hesitant because of low rebar prices and stable domestic markets.
• Turkish steelmakers secure scrap deals amid weak domestic sales, economic slowdown

• Rising fuel...


Cem Turken

Lee Allen

Ross Yeo

Amy Hinton

Tianran Zhao

September 15, 2023

18:20 GMT

Mugla, Pittsburgh, London, Shanghai, Singapore