December 2016

UK's TJ Thomson stops ferrous scrap processing amid material shortages

UK scrap trader TJ Thomson & Son has ended its involvement in processing ferrous scrap due to supply tightness, a company spokesman told Metal Bulletin on Tuesday December 6.

DAILY SCRAP REPORT: Turkish mills await finished steel demand before buying scrap

The Turkish deep-sea scrap market remained quiet on Monday December 5 as the steel mills in the country were waiting for some demand for their finished goods to allow them to start purchasing scrap, sources said.

Turkish domestic auto bundle scrap prices tick up, ship scrap stable

Turkish domestic auto bundle scrap prices have inched up with some mills increasing their purchasing prices, while ship scrap prices in the country’s domestic market have remained stable, sources said on Monday December 5.

Feng Hsin raises scrap, rebar prices by $16 per tonne

Taiwan’s Feng Hsin Steel has increased both its purchase prices for domestic ferrous scrap and its selling price for rebar by NT$500 ($16) per tonne this week, following a two-week downtrend in the market.

Shagang lowers scrap purchase prices again

China’s biggest ferrous scrap consumer Shagang has cut its purchase price for the steelmaking raw material for a second time in four days.

HIGHLIGHTS: Ferrous futures market, China's PMI, Vale Day...

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

UK light iron prices hold steady ahead of December’s monthly settlement

Weekly prices for grade-5C scrap in the UK remained stable on Friday December 2, while market participants waited for monthly prices on other grades to settle.

Indian import scrap prices flat on fears of supply tightness

Prices for containerised scrap arriving in India have remained mostly stable this week, but some sources predicted that supplies would become tighter as the month went on, sources said on Friday December 2.

WEEKLY SCRAP WRAP: US market stable, Turkey to return for January, Chinese upturn boosts Taiwan prices

Global scrap prices have mostly remained at a standstill this week amid a lack of trading activity in Turkey, while the Asian markets were becoming firmer as a result of Chinese pressure.