April 2021

US Scrap/DRI: New US EAF projects to add to sourcing challenges for prime scrap, substitutes

Supply of prime ferrous scrap grades and acceptable substitutes is expected to come under pressure due to additional electric-arc furnace (EAF)-based steelmaking capacity in the United States, according to Philip Gibbs, director of metals equity research for KeyBanc Capital Markets.

GERMANY STEEL SCRAP: April prices largely stable; new scrap prices inch upward

Domestic ferrous scrap prices in Germany have been largely unchanged over the month to Friday April 16, sources have told Fastmarkets.

STEEL SCRAP WRAP: Global markets cool as buyers seek clarity

Purchasing activity in the key global steel scrap destinations began to cool in the week to Friday April 16, with price increases levelling off on a change of sentiment, with the exceptions of Taiwan and China.

UK STEEL SCRAP WEEKLY: Prices hold up on tight supply, gains likely

The price for UK-origin light iron scrap was steady in the week to Friday April 16 after narrowing upward in the previous week, with tight availability of material prompting major shredders to compete strongly for feedstock to keep their machines running cost-effectively, sources told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Uncertainty keeps markets rangebound

Prices for shredded steel scrap imported into India and Pakistan were largely steady on Friday April 16 with the market mulling a possible downward trend, sources told Fastmarkets.

DAILY STEEL SCRAP: Mills extend silence in deep-sea market

Turkish steel producers ended the working week with no deep-sea bookings, amid limited demand in the country’s domestic long steel market, sources told Fastmarkets on Friday April 16.

FERROUS ANALYTICS: Mill margin bonanza causes steel profits to climb

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.

CHINA STEEL SCRAP: Prices, demand for imports steady

Spot prices for imported ferrous scrap in China were stable on Friday April 16 even with Chinese steel mills continuing to seek out cargoes of HRS101, the Chinese grade for plate and structural scrap.

TAIWAN STEEL SCRAP: Electricity rationing fails to dampen spot prices

Prices for containerized ferrous scrap imports into the key Taiwanese market continued to rise this week amid stable demand from end users, who are seeking United States-origin scrap amid high offers for Japanese materials.

VIETNAM STEEL SCRAP: Price gains slow amid souring sentiment

Import prices for ferrous scrap in Vietnam continued to increase but at a slower rate amid souring sentiment toward the end of the week, market sources told Fastmarkets on Friday April 16.