February 2021

STEEL SCRAP WRAP: Global prices rise amid strong steel markets, rising freight

Steel scrap prices have increased across all major markets over the week to Friday February 26, driven by strengthening steel markets and a jump in bulk freight rates.

EUROPE ALLOY STEEL SCRAP: Austenics prices rise but correction likely on late nickel fall

The price of austenitic steel scrap in the UK and Europe moved up in the week ended Friday February 26, but a drop in the price of nickel on Friday meant that a downward correction next week was likely, sources have told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Prices continue rise in line with international market

Prices for shredded steel scrap imported into India and Pakistan are following the trend of the international market and moving up over the week to February 26, sources told Fastmarkets.

UK STEEL SCRAP WEEKLY: Light iron market extends bounce on tight supply, good export demand

The recent bounce in the United Kingdom’s light iron steel scrap market extended into this week due to tight domestic supplies amid renewed export demand, sources told Fastmarkets.

DAILY STEEL SCRAP: Prices continue to climb with fresh bookings

Turkish steel producers continued to make deep-sea scrap bookings at firming prices on Friday February 26, market sources said.

VIETNAM STEEL SCRAP: Buyers shun imports on narrow scrap-billet spreads

Spot prices in the key Vietnamese scrap import market rebounded strongly during the week to Friday February 26, even though buyers with inventories were not actively purchasing due to high prices and the narrow scrap-billet spread, according to market sources.

TAIWAN STEEL SCRAP: High bunker fuel prices, port congestion push prices up

Prices for containerized ferrous scrap into key import market Taiwan have increased on the back of higher bunker prices, freight rates and strong demand from buyers for containerized cargoes due to a dearth of berthing spaces for bulk-shipment cargoes.

Mined zinc, lead output down in 2020 - ILZSG

Production of mined zinc and lead both declined in 2020 due to Covid-19-led restrictions in major supplying countries, the International Lead and Zinc Study Group (ILZSG) said on Thursday February 25.

IN CASE YOU MISSED IT: 5 key stories from February 25

Here are five Fastmarkets stories you might have missed on Thursday February 25 that are worth another look.

DAILY STEEL SCRAP: Turkish steel mills keep buying scrap, prices edge up further

Turkish steelmakers have continued their deep-sea scrap purchasing despite rising prices, supported by strong rebar and billet sales, market sources said on Thursday February 25.