June 2022

Europe steel scrap exporters look for Asia bulk sales due to slide in Turkey prices

Steel scrap exporters on the European continent are increasingly looking to sell bulk cargoes into Asian markets due to a recent sharp drop in Turkey buy prices, market participants told Fastmarkets on Wednesday June 15.

South Korea trucker strike ends but Asian steel scrap trading remains sparse

The end of the South Korean truck driver strike on Wednesday June 15 has brought no respite to Asia steel scrap markets with low demand weakening Japanese offers, market sources told Fastmarkets.

Turkish mills continue to stay away from deep-sea scrap markets

A lack of finished steel sales in Turkey has kept the country's steel producers from entering into the deep-sea steel scrap import markets, sources told Fastmarkets on Wednesday June 15.

Mexican ferrous scrap prices down on weak demand

Mexican steel scrap prices continued to decrease gradually in the week to Friday June 10 amid weakening demand and reduced international prices.

Steel slump squeezes Chinese mill margins to year-low in May

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.

Persistent weakness in steel scrap export prices drags down UK domestic market

Persistent weakness in UK dockside prices in the second quarter dragged down monthly price settlements for steel scrap deliveries into UK steelmakers by £30-40 ($37-49) per tonne for deliveries in June, trade sources told Fastmarkets on Tuesday June 14.

Sentiment bearish in Turkish deep-sea steel-scrap import market

Due to low steel sales, Turkish steel companies have continued to curtail their deep-sea scrap imports, industry participants told Fastmarkets on Tuesday June 14.

Taiwan steel scrap market weakens amid further drop in Turkish prices

Spot prices for imported containerized ferrous scrap in Taiwan weakened on Tuesday June 14 after Turkish steelmakers booked more deep-sea scrap cargoes at softer prices, sources told Fastmarkets.

Five key stories from June 13

Here are five Fastmarkets stories you might have missed on Monday June 13 that are worth another look.

Turkish mills book more deep-sea scrap, prices fall further

Turkish deep-sea steel scrap import prices have continued to fall, sources told Fastmarkets.