The benchmark Turkish scrap import market climbed further on strong demand from mills.
Steel First's daily scrap index for Northern European HMS 1&2 (80:20) material closed on Friday at $193.24 per tonne cfr, up by $4.46 per tonne week-on-week.
The daily USA-origin index finished the day at $201.35 per tonne cfr, also up by $4.88 per tonne week-on-week.
Turkish mills booked almost 300,000 tonnes of deep-sea scrap during the week.
The domestic scrap market in the UK largely ignored the price rise in Turkey and rolled over monthly prices from October in the belief that higher prices in Turkey did not signal a sustainable upward trend.
Domestic scrap prices in Germany increased by as much as €10 ($11) per tonnethis month on higher export prices and lower availability of material in the market.
In Asia, a series of recent bookings in Taiwan for Japan-origin ferrous scrap cargoes could be behind an unexpected, albeit small rise in the latest Kanto Tetsugen export auction.
Import prices for containerised HMS-grade scrap in Taiwan have gone up for the third consecutive week as suppliers from the USA held on to higher offer levels amid the continuing market uptrend in Turkey.
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