Asian ferrous scrap buyers have continued to keep theirpurchases limited over the past week, cautioning againstexcessive optimism about trade relations between the UnitedStates and Turkey.While price levels have increased in Taiwan, many South Koreanand Vietnamese buyers are still staying away from purchasingimported HMS 1&2 scrap despite prices in key bellwether marketTurkey increasing.Some of the optimistic views shared by market sources at arecycling conference in Singapore earlier this week remain in themarket, but other market participants believe that US-Turkey traderelations can sour anytime and turn market sentiment bearish again.
展开▼
