July 2021

DAILY STEEL SCRAP: Mills to remain absent from market

Turkish steel mills stayed away from making any deep-sea scrap deals on Monday July 19, due to the start of the week-long Eid al-Adha public holiday, sources told Fastmarkets.

FOCUS: Prices surge for aluminium, steel scrap while carmaking problems continue

Prices for both new steel and aluminium scrap materials continued to rise across the UK and Europe in the week to Friday July 16, amid further manufacturing disruptions, causing the global scrap supply deficit to worsen.

GERMANY STEEL SCRAP: Domestic prices rise in July on tight supply

German steelmakers settled their monthly steel scrap contracts for July at higher prices due to continuous tight availability in the market, sources told Fastmarkets.

A413.1 jump puts price at parity with 356.1 secondary aluminium alloy in US

The benchmark A380.1 secondary aluminium alloy price crept higher on Thursday July 15, while strong demand and limited supply for A413.1 pushed that price up to parity with 356.1.

US aluminium scrap demand steady, export sluggish

Continued demand for aluminium scrap in the United States boosted prices of some grades of material week on week, but difficulties in finding labor and shipping containers - as well as rising ingot manufacturing costs - put pressure on the wider market.

SOUTH ASIA STEEL SCRAP: Markets expected to follow Turkish trend downward

Prices for shredded steel scrap imports into Pakistan were broadly stable during the week to Friday July 16, while Indian prices fell further, sources told Fastmarkets.

ITALY STEEL SCRAP: Tight supply drives up domestic prices in July

Italian domestic steel scrap prices increased in the month to Friday July 16 on support from short supply of the material, particularly of “new scrap” grades, sources told Fastmarkets.

UK STEEL SCRAP WEEKLY: Firm fundamentals push light iron market higher

The inter-merchant light iron scrap market in the United Kingdom was up £5 ($6.92) per tonne in the week to Friday July 16 amid firm fundamentals, with some sources suggesting the market may consolidate higher in the near term while others say a correction may be likely due to the steel summer slowdown, sources told Fastmarkets.

CHINA STEEL SCRAP: Buyers consider new scrap origins

Some Chinese mills are seeking alternative scrap import suppliers because of expensive offers for Japanese heavy scrap (HS), sources said on Friday July 16.

DAILY STEEL SCRAP: Holiday periods slow down Turkish bookings

Turkish steel mills were quiet at the end of the week due to the public holidays being observed in the country, market sources told Fastmarkets on Friday July 16.