April 2021

TAIWAN STEEL SCRAP: Prices ease amid lower mill operating rates

The price for containerized ferrous scrap imports in the key Taiwanese market eased over the week amid lower operating rates at steel mills, market sources told Fastmarkets.

DAILY STEEL SCRAP: Turkish mills pause deep-sea bookings ahead of 17-day Covid-19 lockdown

Turkish steelmakers took a break from deep-sea scrap purchases to monitor conditions in the finished steel markets on Thursday April 29, ahead of a 17-day coronavirus lockdown, sources told Fastmarkets.

CHINA STEEL SCRAP: Boost for mills, traders as China confirms no import taxes on steelmaking raw materials from May

Sentiment in China’s imported ferrous scrap market turned bullish on Thursday April 29, after the country’s Ministry of Finance officially announced that the new tax regime for ferrous raw materials would start on Saturday May 1.

JAPAN STEEL SCRAP: Prices stable ahead of Golden Week

Export prices for scrap from Japan were largely stable over the past week due to the country’s upcoming “Golden Week” holiday, sources told Fastmarkets this week.

TITANIUM SNAPSHOT: Alloy suppliers hold offers amid new consumer tenders

Key data from Fastmarkets’ pricing session in Europe on Wednesday April 28.

DAILY STEEL SCRAP: Mills continue deep-sea purchases despite rising prices

Turkish steel producers continued their deep-sea scrap purchases for June shipments on Wednesday April 28, with prices edging ever higher, market participants told Fastmarkets.

CHINA STEEL SCRAP: Prices flat but holiday set to weaken demand

Import prices for ferrous scrap in China were steady on Wednesday April 28 amid approaching holidays in the country as well as its major supplier, Japan.

GLOBAL COPPER WRAP: China premiums sink amid focus on exports; premiums up in SE Asia, US

Shanghai copper premiums dropped further in the week to Tuesday April 27 to their lowest since September 2020, while premiums widened upward in both Southeast Asia and the United States.

NEWSBREAK: China plans big changes to ferrous raw materials taxes from May 1

China is planning sweeping changes to its tax regimes for ferrous raw materials from May 1, its Ministry of Finance said on April 27.

FASTMARKETS MB DAILY PDFs

Daily PDFs will be downloadable until Monday May 3. After that, because of the UK’s Early May bank holiday, the next daily PDF will be downloadable on Wednesday May 5.