Implementation of Section 232 and Supply Concerns Lifts Global Scrap Market 

  • Oct 19, 2019 AEDT
  • Team Kalkine

Scrap prices across the global markets surged over the rise in Turkish import prices amid the hike in tariff by the United States against Turkey (U.S Section 232).

  • The import prices in Turkey rose as the mills resumed November buying post a pause in buying activities for two days after the U.S. President Donald Trump hiked tariff.
  • The United Stated export prices up on bulk sales to Turkey.
  • Supply concerns rose prices across Taiwan.
  • Vietnam import prices remained stable.
  • Indian import prices up.

 

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