December 2020

SOUTH ASIA STEEL SCRAP: Liquidity crunch hits import prices

A liquidity crunch in India halted gains in the price of shredded steel scrap imported into India and Pakistan in the week to Thursday December 31, market sources told Fastmarkets.

DAILY STEEL SCRAP: Turkish market remains silent due to holiday period

The Turkish deep-sea ferrous scrap market continued to be quiet due to year-end holidays, sources said on Thursday December 31.

Blister copper RC benchmark talks at final stage; level expected to rise

Discussions between Chinese copper smelter Jiangxi Copper and Zambian producer Chambishi on annual blister copper refining charges (RCs) for 2021 are at their final stage, with both sides expecting a rise in terms, Fastmarkets has learned.

BANGLADESH STEEL SCRAP: Fresh bulk bookings likely soon, sources say

Bangladeshi steelmakers are likely to re-enter the market soon for purchases of deep-sea scrap cargoes due to low inventory levels, sources told Fastmarkets on Thursday December 31.

VIETNAM STEEL SCRAP: Attempted year-end sell off dampens sentiment

An increase in the number of physical scrap cargoes offered in key import market Vietnam in the the week to Thursday December 31 has dampened sentiment, market sources told Fastmarkets.

TAIWAN STEEL SCRAP: Price climbs ease ahead of year-end holidays

The price increases for imported containerized ferrous scrap into Taiwan eased in the week to Thursday December 31 amid a year-end holiday lull.

JAPAN STEEL SCRAP: Low demand pushes down H2 prices, high grades hold firm

Lower demand for Japanese H2 and H1:H2 heavy scrap from key foreign markets led to slightly lower prices for these grades in the past week, while prices for high-grade material have remained firm.

IN CASE YOU MISSED IT: 5 key stories from December 30

Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.

DAILY STEEL SCRAP: Market silent during holiday period

The Turkish deep-sea scrap market remained quiet due to the year-end holiday period, sources said on Wednesday December 30.

China copper scrap discount grows with cargoes stranded at Chinese ports; some already rejected

Shipments of copper scrap for import into China have been trading at a bigger discount in December, with many cargoes stranded at Chinese ports while customs officials carry out inspections under the new import policy.