July 2021

Falling US dock prices spark fears on August ferrous scrap trade

A weaker United States ferrous scrap export market is stoking fears that prices could retreat in the August domestic trade after recyclers on the East Coast lowered their selling prices by $10-25 per gross ton in a tell-tale sign.

Stainless scrap prices continue to inch higher in US

Stainless steel scrap prices in the United States have continued to post slight gains, but the uptrend has begun to show signs of slowing down.

DAILY STEEL SCRAP: Public holiday continues to keep trading on hold

The Turkish deep-sea scrap market reported no new trading activity on Wednesday July 21, because of the week-long Eid al-Adha public holiday.

TITANIUM SNAPSHOT: Alloy prices widen upward on renewed demand

Key data from Fastmarkets’ pricing session in Europe on Wednesday July 21.

CHINA STEEL SCRAP: Import prices stable on limited spot activity

Import prices for high-grade ferrous scrap HRS101 into China were stable on Wednesday July 21 amid limited spot trading activity, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from July 20

Here are five Fastmarkets stories you might have missed on Tuesday July 20 that are worth another look,

Mexican steel scrap prices continue uptrend amid buyer competition

Mexican ferrous scrap prices continued to increase over the past week, with steelmakers competing to secure limited material and buyers in the key regions of Monterrey and Bajío heard accepting higher prices to keep volumes flowing.

DAILY STEEL SCRAP: Market still quiet on public holiday

Turkish steel mills remained silent on Tuesday July 20, with no bookings heard due to the ongoing week-long Eid al-Adha public holiday, sources told Fastmarkets.

CHINA STEEL SCRAP: Domestic prices inch up on tight supply

Major steelmaker Shagang raised its purchase price for domestic scrap in the week to July 20 after keeping its prices stable for one month, sources told Fastmarkets. Mills in other regions followed suit.

Century extends power deal at Icelandic aluminium smelter

Century Aluminum subsidiary Norðurál Grundartangi ehf has reached an agreement with the Icelandic national power company to extend the existing 161-megawatt contract at its Grundartangi aluminium smelter by three years through 2026.