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.
16 April 2021
Felipe Peroni
Domestic ferrous scrap prices in Germany have been largely unchanged over the month to Friday April 16, sources have told Fastmarkets.
16 April 2021
Maria Tanatar
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.
16 April 2021
Cem Turken, Lee Allen, Paul Lim, Carrie Bone, Amy Hinton, Tianran Zhao
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.
16 April 2021
Declan Conway
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.
16 April 2021
Carrie Bone
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.
16 April 2021
Cem Turken
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.
16 April 2021
Paul Lim, Alistair Ramsay, Jane Fan
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.
16 April 2021
Lee Allen, Paul Lim, Tianran Zhao
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.
16 April 2021
Paul Lim
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.
16 April 2021
Paul Lim
