December 2021

Mexican steel scrap prices mostly stable, with sparse increases

Mexican ferrous scrap prices had diverging trends in the week ended Friday December 3, with a few price increases heard in large volume deals.

New ‘green steel’ plant to be built in Ardersier, Scotland

The owner of Ardersier Port in the north of Scotland plans to build a production unit for long steel materials made in ‘green steel’ as part of a plan to transform the site into Europe’s first fully circular Energy Transition Facility, the company said on Thursday December 2.

Turkish steel producers seek rebar demand to book more scrap

Turkish steel producers have extended their silence in the deep-sea ferrous scrap import market on the second working day of the week amid poor finished long steel sales, market participants told Fastmarkets on Tuesday December 7.

Low prices in Turkey sap sentiment in Taiwan's containerized scrap market

Participants in Taiwan’s containerized scrap import market are pessimistic about prices after Turkish buyers paid less for United States materia. Meanwhile, mainland China is showing little interest in scrap imports despite rising steel prices.

Sentiment in Turkish deep-sea steel scrap import markets remain negative

The deep-sea scrap import markets were quiet on Monday December 6, with Turkish steelmakers expecting further price drops amid weak finished steel sales, market sources said.

Exchange-rate moves push Turkish domestic scrap prices on opposite tracks

Domestic auto bundle scrap prices in Turkey have continued to rise over the past week on the further weakening of the country’s lira, market participants said on Monday December 6.

US benchmark A380.1 price resumes climb to hit another record

Prices for aluminium alloy A380.1 resumed their climb this past week, to a new all-time high, as demand remains robust and supply tight.

US aluminium scrap prices mixed; demand outlooks vary

Prices for smelter-grade aluminium scrap were mixed on Thursday December 2, with market sources citing differing factors affecting pricing during the week.

Sentiment weakens across most major steel scrap markets

Prices across most major steel scrap markets moved downward in the week ended Friday December 3 amid the weakening of the Turkish lira and poor sentiment in several key buying nations, with the end of the year fast approaching, sources told Fastmarkets.

UK light iron scrap market holds at 2010 peak

Tight availability and firm demand among major scrap processors supported the United Kingdom inter-merchant light iron scrap market over the week to Friday December 3, with the price holding at a high last seen more than a decade ago, sources said.