Published by: Cem Turken<>, Lee Allen<>, Amy Hinton<>, Aameer Sayed<>, Carman Chew<>
7 Mar 2025 @ 20:44 UTC

Steel scrap prices in major international markets generally moved up in the week to Friday March 7, with stronger sentiment from suppliers fueled by rising prices in the US market, sources said.
* Turkish mills purchase seven cargoes at slightly higher prices * US scrap market sentiment firm amid tariffs, higher steel pricing * Vietnam import scrap demand strengthened by higher steel pricing * Major Chinese mills reduce scrap buy prices * Taiwan import scrap prices poised for fall following local market drop * Indian steel scrap importers await steel import duty announcement
Turkey Turkish mills ended the working week having booked seven deep-sea ferrous scrap cargoes at slightly higher prices.
Sales were concluded from the US, UK, Europe and the Baltic Sea region this week.
Higher scrap prices into the bellwether Turkey market were mainly due to support from the strengthening steel market in the US after the recent announcement of import tariffs in the country. On the other hand, Turkey’s finished long steel market remains weak, sources said.
Pricing history steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey steel scrap HMS 1&2 (80:20 mix) US origin, cfr Turkey
United States Domestic steel mills in the US held back from making offers for ferrous scrap, sources told Fastmarkets, amid a bullish outlook for the material linked to President Donald Trump’s volley of import tariff announcements.
Pricing history steel scrap HMS 1&2 (80:20), export index, fob New York steel scrap shredded scrap, export index, fob New York steel scrap HMS 1&2 (80:20), export index, fob Los Angeles
Vietnam Vietnamese import scrap demand stayed strong in the week ended Friday, driven by support from higher downstream steel prices, sources told Fastmarkets.
Pricing history steel scrap HMS 1&2 (80:20), cfr Vietnam
Taiwan Containerized steel scrap imports into Taiwan held steady on Thursday March 6 after a steep increase early in the week. US sellers held their offers firm over the past week amid uncertainties related to potential import tariffs on scrap supply into the US.
Pricing history steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan
India Indian steel scrap trades remained low in the week to Friday, primarily because of see-saw finished steel demand ahead of the Indian religious festival of Holi and the fiscal year end on March 31.
Pricing history steel scrap shredded, index, import, cfr Nhava Sheva, India