October 2021

IN CASE YOU MISSED IT: 5 key stories from October 11

Here are five Fastmarkets stories you might have missed on Monday October 11 that are worth another look.

Sentiment strong that US ferrous scrap market has bottomed

The United States’ October ferrous scrap trade’s stressful late start and private deals added confusion to a scenario that was already perplexing after one steel producer made an unexpected debut splash, leap-frogging into the market in late September at flat pricing for prime grades.

FERROUS ANALYTICS: Met coal gains erode mill margins in Sep

LME WEEK 2021: Increased copper premiums part of a 'two step' process, Aurubis CEO says

Aurubis’ increased annual premium for 2022 was partly a consequence of having kept the copper benchmark stable in 2021, chief executive officer Roland Harings told Fastmarkets during LME Week on Monday October 11.

LME WEEK 2021: Aurubis mulling options for new copper scrap works in North America, CEO says

Aurubis, Europe’s biggest copper producer, is considering plans to set up a new copper scrap processing facility in North America to tap into the growing availability of raw materials outside China and Malaysia, the company’s chief executive told Fastmarkets.

DAILY STEEL SCRAP: Turkish mills continue deep-sea purchases, prices rise further

Turkish steel scrap import prices continued to increase on Monday October 11 after more cargo deals were heard booked by steelmakers, sources told Fastmarkets.

FOCUS: China mulls over wire rod, rebar imports amid power woes

China has started sourcing for wire rod and rebar imports amid electricity crimps caused by a shortage of thermal coal and ensuing high power costs, market sources told Fastmarkets.

STEEL SCRAP WRAP: Global prices surge on improving billet, rebar demand

Global ferrous scrap prices increased in the week ended October 8 in response to improving downstream demand for billet and rebar.

UK STEEL SCRAP WEEKLY: Firm fundamentals support light iron market

The inter-merchant market for light-iron steel scrap in the United Kingdom was stable for a third week on Friday October 8, underpinned by firm fundamentals and relatively low domestic availability, trade sources told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Prices surge as trading picks up

Prices for shredded steel scrap imported into Pakistan and India took a sharp upturn in the week to Friday October 8, on a pick-up in demand, sources told Fastmarkets.