Ferrous Scrap

DAILY SCRAP REPORT: Trader sells St Petersburg cargo to Turkish buyer
May 22, 2012 - 14:41 GMT
Metal Bulletin’s Daily Ferrous Scrap Index dropped to $426.14 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Tuesday May 22, down from $432.58 a day earlier.
DAILY SCRAP REPORT: Offer prices fall on lower-priced North American cargo
May 21, 2012 - 13:11 GMT
Metal Bulletin’s Daily Ferrous Scrap Index fell to $432.58 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Monday May 21, down from $436.06 on May 18.
DAILY SCRAP REPORT: US seller offloads cargo to Turkey
May 18, 2012 - 14:22 GMT
Metal Bulletin’s Daily Ferrous Scrap Index fell to $436.06 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Friday May 18, down from $440.36 on May 17.
High freight costs keep Indian ferrous scrap import prices firm
May 15, 2012 - 13:05 GMT
Ferrous scrap sellers kept their offer prices unchanged on Tuesday May 15 as higher costs for container freight kept levels firm, traders told Metal Bulletin.
ThyssenKrupp Stainless USA in talks with stainless scrap suppliers
May 15, 2012 - 02:15 GMT
ThyssenKrupp Stainless LLC has kicked off discussions with stainless scrap companies to try to secure feedstock for its facility in Calvert, Alabama when its melt shop starts up in December.

Ferrous Scrap

May 25, 2012 02:50 US East Coast scrap prices fall again at docks
May 24, 2012 14:50 DAILY SCRAP REPORT: Small Black Sea buyers sell off cargoes
May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 00:35 US recyclers facing bankruptcy filings
May 23, 2012 00:31 SA Recycling dismisses Calif. closure rumors
May 23, 2012 00:22 WIRE ROD SUPPLY CHAIN CONF: Scrap feels heat of US shredding overcapacity
May 22, 2012 14:41 DAILY SCRAP REPORT: Trader sells St Petersburg cargo to Turkish buyer
May 22, 2012 14:36 PRICING NOTICE: Discontinuation of selected ferrous scrap assessments
May 22, 2012 13:49 Indonesian buyers may halt scrap imports for rest of 2012
May 22, 2012 12:03 Merchants cut Indian ferrous scrap import offers in attempt to spur trade
May 22, 2012 04:58 FACTS: China’s steel raw material imports mixed in April
May 22, 2012 03:29 US ferrous scrap export indices launched by AMM
May 22, 2012 03:17 US ferrous scrap exporters drop East Coast buying prices

[more]

Iron ore & coking coal

May 24, 2012 18:27 Usiminas sticks to 29m tpy iron ore target
May 24, 2012 17:15 IRON ORE DERIVATIVES WRAP: Volumes fall as index edges up
May 24, 2012 15:28 MMTC extends iron ore contracts with Japan, South Korea mills
May 24, 2012 12:44 Bellzone’s first Forecariah ore shipment not expected until Q3
May 24, 2012 12:42 Severstal resources division sales down 9% in Q1
May 24, 2012 12:37 Tata increases 2012 Northern Iron offtake deal to 1.77m tonnes
May 24, 2012 11:54 Vale’s iron ore distribution centre in Malaysia to start operating in 2014

[more]

Ores & Alloys

May 23, 2012 14:43 Chinese tungsten ore output drops 8% in April
May 23, 2012 00:47 Temco restart may crimp US manganese alloy tags
May 22, 2012 08:44 Baosteel raises ferro-chrome prices for June
May 22, 2012 06:17 BHP decides Temco manganese plant is still viable
May 21, 2012 11:03 China’s ferro-chrome imports drop almost one-third in April
May 19, 2012 21:22 US ferrosilicon prices tumble on aggressive selling
May 19, 2012 20:58 US moly prices weaken on supplier nervousness

[more]

Comment & Analysis

COMMENT: New guidelines that help scrap market competition

Don't fall off your chair, but the European Commission’s new end-of-waste framework is a set of guidelines that could actually help competition and reduce costs
DON OF THE YARDS: Liquidity issues stall Asian ferrous scrap markets

Don of the Yards is the nom de plume of a scrap trader, who will be writing a column for Metal Bulletin on a regular basis. It seems that Asian markets have been slowing down in July for containerised shipments but Turkey and other Islamic countries are returning to the market and starting to bid for steel scrap
Rally in high-grade scrap prices as demand steps up for longs

A nascent recovery in long products prices -$10 per tonne increases have been registered in billet and rebar - is driving up scrap prices, but not all grades have benefited

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Poll of the week

To what extent has the handling of the MF Global bankruptcy, UBS’ rogue trading scandal and now JP Morgan’s harpooning of the London Whale damaged your confidence in the City as a global financial hub?

Not at all – these events could have happened anywhere
Slightly – large losses and the slow recovery of client cash suggest the regulatory framework could be stronger
Moderately – These events show global banks are using London to take risks they couldn’t take anywhere else
Drastically – I’ll be in Singapore by the end of the week