July 2021

SOUTH ASIA STEEL SCRAP: Markets steady on slow trading

Prices for shredded steel scrap imports into Pakistan and India were stable on Friday July 23 due to slow trading and public holidays, sources told Fastmarkets.

DAILY STEEL SCRAP: Market ends week in silence

Turkish steel mills remained absent from the market on Friday July 23 having booked no new scrap cargoes this week due to the Eid al-Adha public holidays in the country.

Vietnam Steel Association leads pushback against proposed billet export tax

The Vietnam Steel Association (VSA) is leading an industry-wide pushback against the country’s proposed export tax of 5% on steel billet, it said on Friday July 23.

TAIWAN STEEL SCRAP: Prices continue downtrend on Covid-19 resurgence in Asia

Prices for containerized ferrous scrap in the Taiwan import market continued to fall during the week to Friday July 23 due to a resurgence of Covid-19 cases in many parts of Asia causing more lockdowns, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from July 22

Here are five Fastmarkets stories you might have missed on Thursday July 22 that are worth another look.

DAILY STEEL SCRAP: Trading paused for public holiday in Turkey

Turkish steel mills remained absent from the market on Thursday July 22 as the Eid al-Adha public holiday continued.

JAPAN STEEL SCRAP: Higher supply weighs on low-grade prices

Increasing supplies of H2-grade steel scrap have allowed South Korean buyers to obtain the material at lower prices in the week to Thursday July 22, sources told Fastmarkets.

Steel production to be banned in extended Bangladesh lockdown

Production of steel will be halted for at least two weeks in the key Bangladesh market when the country’s latest Covid-19-related lockdown starts on Friday July 23, sources have told Fastmarkets.

CHINA STEEL SCRAP: Baosteel says higher scrap supplies needed for China to achieve carbon neutrality

Much higher supplies of natural gas, hydrogen, ‘green’ electricity, and steel scrap will be needed for the development of Direct Reduction Iron-Electric-arc Furnace (DRI-EAF) steelmaking processes in China, Baowu Group said on Thursday July 22.

FOCUS: How carbon trading in China could change its ferrous sector

The world's largest carbon trading market is slowly gaining momentum and will eventually be a key component of China's ferrous industry, market sources told Fastmarkets this week.