December 2021

European aluminium scrap and secondary prices to be supported, participants say: 2022 preview

Market participants expect prices for aluminium scrap and secondary ingot to remain robust in 2022, with demand from the automotive sector anticipated to pick up by the second half of the year.

Limited trading in Japan export steel scrap market amid seasonal slowdown

Spot prices in the Asian ferrous scrap markets were largely unchanged on Wednesday December 29 amid thin spot negotiations caused by the year-end festive period.

Five key stories from December 28

Here are five Fastmarkets stories you might have missed on Tuesday December 28 that are worth another look.

Asia billet, scrap prices could drop amid weaker Chinese demand, sources say: 2022 preview

Asian steel market participants are gearing up for another action-packed year in 2022, when they are set to battle with the effects of possible economic headwinds from China and a deepening drive for decarbonization on the continent, sources told Fastmarkets.

Scrap prices in China steady despite weaker finished steel market

Spot prices for imported scrap in mainland China did not fall together with those for finished steel amid tight domestic supply of the steelmaking raw material, sources told Fastmarkets on Tuesday December 28.

Turkey sole active buyer amid thin global scrap trade

The Christmas and New Year holidays have resulted in thinner spot liquidity in the major scrap markets around the world.

China’s monthly scrap imports surge by 142% in November

China imported 22,129 tonnes of ferrous scrap in November, a 141.79% increase compared with October’s 9,152 tonnes, according to the latest Chinese customs data.

China bucks downtrend in Asian scrap market

China is bucking the downtrend in the Asian scrap market, with stronger domestic demand for the steelmaking raw material supporting prices.

UK light iron scrap market steady ahead of holiday period

The UK light iron price ended the final assessment of the year unchanged for the fourth week in a row on Friday December 24, with no spot trading ahead of the holiday period and market participants focusing on contract business and exports, sources told Fastmarkets.

India, Pakistan steel scrap prices edge down as markets slow

Prices for shredded steel scrap imported into Pakistan and India dipped during the week to Friday December 24 amid quiet trading and poor global sentiment, sources told Fastmarkets.