January 2021

DAILY STEEL SCRAP: Turkish deep-sea scrap prices set to fall further

Negative sentiment prevailed in the Turkish deep-sea scrap import market on Thursday January 21, with offer prices continuing to slide, sources told Fastmarkets.

Aurubis raises FY2021 earnings forecasts on higher copper prices, scrap RC expectations

Aurubis expects high copper prices and consequent availability of scrap metal to boost its earnings for its 2021 financial year beyond previous forecasts, it said in a release to investors on Thursday January 21.

BANGLADESH STEEL SCRAP: Prices fall after fresh US cargo sales

More deep-sea bulk cargoes have been sold to Bangladesh from the United States, with prices easing following the sales, market participants told Fastmarkets on Thursday January 21.

JAPAN STEEL SCRAP: Lower bids from Korea drag down export prices

A drop in scrap bid prices from a major South Korean steelmaker led to a weakening in the Japan steel scrap export market in the week to Wednesday January 20, market participants told Fastmarkets.

DAILY STEEL SCRAP: Mills continue deep-sea bookings, prices fall again

Falling Turkish deep-sea scrap import prices have continued with the latest Baltic Sea transaction heard on Wednesday January 20.

TITANIUM SNAPSHOT: Europe scrap prices jump on scarce supply

Key data from Fastmarkets’ pricing session in Europe on Wednesday January 20.

Germany's Audi becomes first OEM to gain certification for responsible aluminium sourcing

German automaker Audi has gained recognition for its sustainable and responsible sourcing of aluminium by attaining the Aluminium Stewardship Initiative (ASI) "Chain of Custody Standard" (CoC).

FERROUS ANALYTICS: Runaway raw materials prices cut scrap premiums over hot metal

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.

IN CASE YOU MISSED IT: 5 key stories from January 19

Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.

Mexican ferrous scrap prices soar amid low inventories

Mexican steel scrap prices skyrocketed in the week ended Friday January 15, with steelmakers struggling with low inventories and increasing their buying prices to secure supply.