April 2021

Copper price rally sees scrap 'sold above intrinsic value' to China

Chinese importers have been competing for the best-quality copper scrap, citing concerns over future rises in the procurement cost of raw materials while the price rally continues, Fastmarkets has learnt.

FOCUS: Ferrous prices in Asia could surpass 2008 levels in May

Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.

DAILY STEEL SCRAP: Turkish mills resume deep-sea bookings for June shipments

Turkish steel mills have started buying deep-sea scrap again at steady prices for shipment in June, market participants told Fastmarkets on Tuesday April 27.

CHINA STEEL SCRAP: Slight price increases amid strong Chinese demand

Prices for imported ferrous scrap in China edged up on Tuesday April 27 amid renewed interest in imports.

FOCUS: China likely to import more BOF raw materials in 2021, market sources say

Chinese steel mills are likely to import more pig iron, hot-briquetted iron (HBI) and steel scrap to feed basic oxygen furnaces in 2021 due to the stringent restrictions imposed on blast furnaces in China, market participants told Fastmarkets recently.

DAILY STEEL SCRAP: Prices poised for further increase

The Turkish deep-sea scrap import market was quiet on Monday April 26, with sources reporting there were still suppliers with cargoes available for June shipments.

TURKEY DOMESTIC STEEL SCRAP: Prices largely stable in quiet market

Turkish domestic scrap prices have remained fairly stable over the past seven days, with most mills keeping their buy prices unchanged week on week, market participants said on Monday April 26.

FOCUS: New wave of coronavirus threatens India’s booming steel industry as mills divert oxygen

As the current surge in coronavirus cases in India takes hold, Fastmarkets looks at the possibility that the steel industry could lose its impressive growth.

Container lines hike rates again amid port congestions, continued box shortage

Metal companies transporting material in containers are facing fresh disruption to shipping following the blockage of the Suez Canal last month, sources told Fastmarkets.

STEEL SCRAP WRAP: Global steel scrap markets enliven amid growing downstream demand

Global steel scrap markets began to revive with growing downstream demand for finished steel in the week to Friday April 23. But regional prices diverged over the period, with Turkish buyers securing scrap at lower levels while Asian importers had to contend with price increases.