December 2016

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 14/12

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday December 14:

Tokyo Steel raises scrap prices for the second time this week

Tokyo Steel has increased its purchase price for overland and seaborne arrivals of H2-grade scrap for the second time this week, the company said on Wednesday December 14.

Brazilian ferrous scrap exports up 30.7% for November

Brazilian ferrous scrap export volumes increased by 30.73% in November on an annual basis.

DAILY SCRAP REPORT: Turkish mills return to deep-sea market for January cargoes

Turkish mills broke their silence in the scrap market on Tuesday December 13, with the news of three deep-sea bookings for January shipments.

Feng Hsin raises scrap purchase prices again

Taiwan’s Feng Hsin Steel has increased its purchase prices for domestic ferrous scrap by NT$300 ($9) per tonne this week, tracking increases seen for imports.

Tokyo Steel raises scrap purchase prices at three of five plants

Tokyo Steel has raised its purchasing prices for overland and seaborne arrivals of H2-grade scrap at three of its plants, the company said on Monday December 12.

DAILY SCRAP REPORT: Turkish mills still quiet in deep-sea market, restocking expected soon

The silence in the Turkish scrap import markets continued at the beginning of the week, due to weak finished steel demand, but mills are expected to replenish stocks soon, sources said.

Turkish ship scrap prices slide, auto bundle stable

Turkish domestic ship scrap prices dipped on Monday December 12 after a steel producer in Izmir cut its buy price for the material, while the price of auto bundle scrap remained stable.

Shagang cuts scrap purchase price a third time for December

China’s largest ferrous scrap consumer Shagang has lowered its purchase price for the steelmaking raw material for a third time this month.

HIGHLIGHTS: Futures prices affect scrap, coking coal drops, trade policies...

Latin America editor Ana Paula Camargo reviews the main global steel market news covered by Metal Bulletin over the past week.