October 2021

PRICING NOTICE: Amendment to publication time of weekly India HMS scrap assessment

Fastmarkets has amended the publication time of its India HMS steel scrap price assessment after a one-month consultation period.

Cleveland-Cliffs aims to up share of domestic prime scrap market

Unites States steelmaker Cleveland-Cliffs plans to increase its share of the US domestic prime scrap market amid increasing demand and the failure of the country’s own manufacturing supply to keep up, the company’s chairman, president and chief executive officer said.

STEEL SCRAP WRAP: Prices in major markets continue to rise on bullish sentiment

Ferrous scrap prices in the global markets continued to strengthen in the week ended Friday October 22 amid firm demand and tight supply. Turkish steel mills continued to pay higher prices for deep-sea scrap cargoes, while buyers in Southeast Asia had to raise their bids because of limited supply.

Mexico's Ahmsa considers US Chapter 11 bankruptcy for thermal coal division

Mexico's Altos Hornos de México (Ahmsa) is considering seeking Chapter 11 bankruptcy protection for its Minera del Norte thermal coal subsidiary, after a Mexican commission canceled state supply contracts, the company said on Thursday October 21.

UK STEEL SCRAP WEEKLY: Light iron market returns to annual peak on firm fundamentals

The inter-merchant market for light-iron steel scrap in the United Kingdom moved higher over the week to Friday October 22 amid tight domestic supplies and strong export markets into both deep-sea and short-sea destinations, trade sources told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Prices continue to climb

Prices for shredded steel scrap imported into Pakistan and India moved up on Friday October 22, as lively trading continued, sources told Fastmarkets.

DAILY STEEL SCRAP: Turkish mills end week with five cargoes; prices firm

Turkish steel producers made another deep-sea scrap booking late on Thursday October 21, taking the total for the week to five cargoes from various locations and at increasing prices, market participants told Fastmarkets on Friday October 22.

IN FIGURES: China’s minor metals exports and imports in September 2021

A summary of China’s minor metals exports and imports for September 2021

IN FIGURES: China's base metal imports in September

A summary of China’s base metal imports in September 2021, according to Chinese customs data released on Wednesday October 20.

ASIA STEEL SCRAP DIGEST: S Korea focuses on Japanese market amid deep-sea rise

A sharp rise in deep-sea import prices across Asia has led to South Korean buyers considering Japanese scrap deals this week, market sources told Fastmarkets on Friday October 22.