April 2021

US aluminium scrap prices rise despite auto slump

Prices of most aluminium scrap grades in the United States rose this past week, driven by high buying interest. Bullishness on mill-scrap material, aided by buoyant copper and silicon markets, translated to higher prices, according to sources.

STEEL SCRAP WRAP: Turkish prices boosted by billet demand in Asia

Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.

China's spot blister RCs at 2.5-year high on ample domestic supplies, scrap inflows

China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.

UK STEEL SCRAP WEEKLY: Light iron market consolidates gains on solid fundamentals

Prices for inter-merchant light iron scrap in the UK have been steady over the week ended Friday April 30, consolidating gains made the week before amid firm demand from major processors and steady export business, sources have told Fastmarkets.

Surging LME aluminium price squeezes European secondary smelter margins

A surging London Metal Exchange aluminium price continued to push scrap prices higher and pinch European secondary aluminium smelter margins in the week to Friday April 30.

SOUTH ASIA STEEL SCRAP: Markets rise as trading continues despite virus concerns

Prices for shredded steel scrap imported into South Asia moved upward on Friday April 30, with both India and Pakistan booking material, sources have told Fastmarkets.

PRICING NOTICE: Delayed publication of European aluminium scrap and secondary prices

The publication of Fastmarkets’ European aluminium scrap and secondary prices assessments for Friday April 30 have been delayed because of a technical issue.

DAILY STEEL SCRAP: Billet demand in Asia pushes up Turkish scrap import prices

Turkish steelmakers speeded up their deep-sea scrap purchases at the end of the week, with Asian demand for steel products increasing sharply since China confirmed the cancellation of its export tax rebate on some steel products, sources told Fastmarkets on Friday April 30.

VIETNAM STEEL SCRAP: Thin spot demand amid major holidays in Asia

Import prices for ferrous scrap in Vietnam inched up in the week to Friday April 30 amid high offers from Japan and stable demand, industry sources told Fastmarkets.

CHINA STEEL SCRAP: Labor Day holiday subdues buying appetite

The Chinese import steel scrap price was stable on Friday April 30 ahead of the Labor Day public holiday on May 1-5.