December 2021

Turkish steel mills end week with four deep-sea scrap cargo deals

The Turkish steel mills have ended the working week with four deep-sea cargo deals ahead of the end-year holiday period, market participants told Fastmarkets on Friday December 24.

Surging Covid-19 cases in Vietnam continue to dampen demand for scrap

A surge in Covid-19 cases in Vietnam has continued to subdue demand for imported steel scrap.

Taiwan's scrap prices track decreases in Turkey, South Korea, Japan

Spot prices for imported containerized ferrous scrap in Taiwan fell further this week, tracking downward movements in the key markets of Turkey, South Korea and Japan.

Four Turkish deep-sea scrap bookings so far this week

Turkish steelmakers were largely quiet on Thursday December 23, after three deals were done at lower prices earlier in the week and another came to light late on Wednesday, market participants told Fastmarkets.

Bangladesh scrap demand thin amid falling prices in Turkey, South Korea and Japan

Spot prices for scrap in Bangladesh slipped further during the week to Thursday December 23, on weak demand from buyers due to expectations of more price falls amid lower transactions in Turkey.

China approves another 113 steel scrap processors to boost domestic supply

China’s Ministry of Industry & Information Technology (MIIT) approved a ninth batch of 113 steel scrap processing centers on Thursday December 23 to boost domestic supply of the steelmaking raw material.

Chinese ADC 12 prices rise but Japanese market weakens

Prices for Chinese aluminium ingot ADC 12 edged up in the past week on costlier aluminium scrap, though the Japanese market continued to trend downward due to weak demand.

Five key stories from December 22

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

FeMo edges up on rising offers; tenders achieved at higher levels

An overview of the specialty steel raw materials markets and the latest price moves in Europe.

Prices drop in US deep-sea ferrous scrap cargo sale to Turkey

A deep-sea ferrous scrap cargo sale from the United States to a Turkish mill has emerged at a discount compared with the last-reported US sale to the region.