Turkish demand raising scrap prices

摘要

The CRU metallics price indicator (CRUmpi) for March increased by 7.4 m/m to 357.7, the highest level since last June. The main developments have been in Turkey, where the tragic earthquake initially had a negative effect on scrap buying from the largest scrap importing country, though in the second half of February this quickly turned around. Meanwhile, supply is returning in key regions and will partially restrict the price rise from Turkey’s demand.