July 2021

VIETNAM STEEL SCRAP: Scrap, steel markets virtually 'shut down' amid Covid-19 pandemic

There was little interest in imported scrap in the Vietnam market during the week to Friday July 16 due to the Covid-19 pandemic causing an almost complete shutdown of the local long steel and scrap markets, sources said.

TAIWAN STEEL SCRAP: Prices drop amid weaker sentiment, lower prices in Turkey

Prices for containerized ferrous scrap in the Taiwan import market edged lower during the week to Friday July 16 on weaker sentiment from end users, sources told Fastmarkets.

DAILY STEEL SCRAP: Market silent on public holiday

Turkish steel producers were inactive in the deep-sea scrap import markets on Thursday July 15 due to a public holiday in the country, sources have told Fastmarkets.

Ball to build new aluminium can-making plants in UK, Russia

Packaging company Ball Corporation is planning to build new plants in western Russia and in the East Midlands region of the UK, adding billions more cans per year to existing capacity from 2023, the company has said.

CHINA STEEL SCRAP: Domestic supply tightens amid heavy rains

Steel scrap import prices into China remained steady despite supplies of domestic scrap being tightened by the rainy season in the north and by high temperatures in the south, sources told Fastmarkets on Thursday July 15.

Brazilian steel scrap exports rise on price downturn, high inventories

High inventories and falling domestic prices encouraged Brazilian suppliers to turn to export markets in June, following months of declining shipments, according to the national ferrous scrap association, Inesfa.

Summer doldrums hit US ferrous scrap export market

The recent decline in prices of deep-sea ferrous scrap exports from North America to Turkey is expected to continue - and to extend throughout the global scrap markets with the onset of the traditional summer shutdown period, sources told Fastmarkets.

EU unveils proposal for Carbon Border Adjustment Mechanism on steel, aluminium imports

The European Commission (EC) adopted on Wednesday July 14 a package of proposals under the EU Green deal that affect the metals industry, including a Carbon Border Adjustment Mechanism (CBAM).

TITANIUM SNAPSHOT: Alloy prices narrow upward on supply concerns

Key data from Fastmarkets’ pricing session in Europe on Wednesday July 14.

DAILY STEEL SCRAP: Upcoming holidays put market into silence

Turkish steel producers were quiet in the deep-sea scrap import markets on Wednesday July 14 ahead of holiday periods in the country, market participants told Fastmarkets.