July 2020

WEEKLY SCRAP WRAP: Prices down globally amid thin demand

Steel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed.

UK STEEL SCRAP WEEKLY: Market stability continues on low deliveries into yards

The inter-merchant spot price for light iron scrap in the UK was steady in the week ended Friday July 3, extending a run of stability into a third week, with the market supported by relatively low volumes of scrap being delivered into yards, trade sources said.

DAILY STEEL SCRAP REPORT: Prices edge up on fresh US deal

The Turkish scrap import market moved up on Friday July 3, after a further deep-sea cargo was booked from the United States, sources told Fastmarkets.

INDIA STEEL SCRAP: Weak market knocks prices down further

The price of ferrous scrap in containers imported into India edged downward again over the past week, with demand remaining at low levels, sources told Fastmarkets on Friday July 3.

BANGLADESH STEEL SCRAP: Sellers attempt to resist further price cuts

Prices for steel scrap imported to Bangladesh moved down again over the past week, but sellers will resist any further price drops, market sources told Fastmarkets.

TAIWAN STEEL SCRAP: Mills put up resistance amid weakening regional market

Import prices for containerized ferrous scrap in Taiwan declined further this week, with steelmakers holding back amid a weakening market for the steelmaking raw material in Asia.

VIETNAM STEEL SCRAP: Offers slide on growing bearish sentiment

Import prices for ferrous scrap in Vietnam continued on a downward trend in the week to Friday July 3, with bearishness steadily growing among market participants.

Brazilian monthly scrap consumption down 50% in H1, Inesfa says

Monthly average consumption of steel scrap in Brazil was expected to have fallen by 50% year-on-year during the first half of 2020, amid lower demand from steelmakers due to the Covid-19 pandemic, local scrap association Inesfa said on Thursday July 2.

DAILY STEEL SCRAP: Market quiet while mills await clear price direction

The Turkish scrap import market was quiet on Thursday July 2, following two bookings on Wednesday, with mills stepping back to wait for lower prices, sources told Fastmarkets.

Turkish steelmakers negotiate $5/tonne discount in latest US ferrous scrap sale

Recyclers operating at East Coast docks in the United States have lowered their buying prices amid expectations of weaker-priced ferrous scrap export cargo sales to Turkey, with a new sale concluded at a $5-per-tonne discount.