December 2016

2017 OUTLOOK: UK steel benefits from low sterling, high materials costs

The year of 2016 presented the UK with significant economic and political challenges, but some participants in the UK steel industry are entering 2017 in good shape.

DAILY SCRAP REPORT: Market remains quiet for New Year holiday

The Turkish scrap import market remained quiet at the end of the week as most market participants were already away for their New Year holidays, Metal Bulletin was told on Friday December 30.

ÇIB expects Turkish exports to rise 3% in 2017

The Turkish Steel Exporters Assn (ÇIB) expects better market conditions in 2017 with domestic demand being supported by new projects and urban transformation schemes, it said on Thursday December 29.

DAILY SCRAP REPORT: Turkish mills remain quiet in deep-sea markets

Turkish scrap importers extended their absence from the deep-sea markets on Thursday December 29 as the market was generally in holiday mood.

Tokyo Steel raises scrap buying prices again

Tokyo Steel raised its purchasing prices for overland and seaborne arrivals of H2-grade scrap with effect from December 22, the company announced on Wednesday December 21.

DAILY SCRAP REPORT: Turkish mills pull back after filling immediate needs

The Turkish scrap imports market remained quiet on Wednesday December 28 as the market was generally in holiday mood.

Growing EAF output in Turkey leads to rise in scrap imports

Turkey's scrap imports continued to rise in January-October 2016, in line with the rising electric arc furnace (EAF) output, according to the Turkish Statistical Institute (TUIK).

Turkish domestic scrap prices rise in line with costlier imports

Turkish domestic scrap prices have increased in line with strengthening imported scrap values, sources said on Monday December 26.

2017 PREVIEW: Is secondary Al alloy going back to the future?

Secondary aluminium ingot prices have not been below London Metal Exchange aluminium prices since primary metal spiked above $3,000 per tonne just before its precipitous collapse in 2008, but they are below them again now.

WEEKLY SCRAP WRAP: Turkish mills in buying spree, US scrap in demand, Taiwan buyers stop imports, mixed dynamics in India

Turkish steel mills returned to the deep-sea markets for January and booked 250,000 tonnes of scrap from various suppliers earlier in this week before going quiet again on Thursday.