November 2021

Mexican steel scrap prices steady as buyers resist increases

Mexican steel scrap prices were mostly stable over the week ended Friday November 26, with few increases reported, and buyers resisting attempts at price increases due to the weak steel market.

Turkish deep-sea scrap market awaiting trend from next purchases

Prices in the Turkish deep-sea steel scrap import market remained flat on Tuesday November 30, with a new price trend expected when fresh deals emerge, and reports of unconfirmed deals circulating in the market.

Offers for Taiwan import steel scrap rise after US sellers return to market

Offer prices for containers of steel scrap HMS 1&2 (80:20) for import into Taiwan have moved up this week following the return of US sellers to the market after their Thanksgiving holiday last week, sources told Fastmarkets on Tuesday November 30.

China’s monthly scrap imports down 55% in October

China imported 9,152 tonnes of ferrous scrap in October, a 55.40% drop compared with September's 20,519 tonnes, according to the latest Chinese customs data.

Five key stories from November 29

Here are five Fastmarkets stories you might have missed on Monday November 29 that are worth another look.

Turkish steel scrap import market quiet in wake of US Thanksgiving holiday

The Turkish deep-sea steel scrap import market was quiet on Monday November 29, which many participants attributed to the US Thanksgiving holiday that took place at the close of last week.

EU scrap exports to China halted amid no consensus on 'waste' regulation

Scrap metal shipments have been halted from European Union countries to China following a lack of regulatory consensus between the parties on what constitutes 'waste' and 'recyclable raw materials', sources told Fastmarkets.

Turkish domestic scrap prices increase on weak lira

Turkish domestic auto bundle scrap and ship scrap prices have continued to increase following further losses in the Turkish lira, market participants told Fastmarkets on Monday November 29.

How Baowu's latest anti-smog formula can lead steel decarbonization reform in China

China's largest steelmaker, Baowu Steel Group, has floated a raft of proposals in its fight against pollution, with chairman Chen Derong sketching out five concrete steps for the steelmaker to reduce its carbon footprint in a document seen by Fastmarkets.

Five key stories from November 26

Here are five Fastmarkets stories you might have missed on Friday November 26 that are worth another look.