Prices rally on steel recovery in US, Turkey

摘要

Ferrous scrap price strength continued around the world in the third week of November, as prices climbed in Asia and Turkey, while the outlook was positive in the US and India. Deepsea Turkish import scrap prices continued to firm as most US and Baltic recyclers were holding back from offering. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) at $339.50/mt CFR on Nov. 24, up $3.25/mt day on day, to reach the highest level since November 2018, when the index also sat at $339.50/mt CFR. The index has jumped $45.50/mt since the beginning of November, when it was at $294/mt CFR on Nov. 2.