May 2021

IN CASE YOU MISSED IT: 5 key stories from May 28

Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look.

COPPER CONCS SNAPSHOT: TC/RCs rebounds above 30/3; Kamola Kakula mine debuts

Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index rose to above $30/3 cents for the first time since March.

STEEL SCRAP WRAP: Prices trend downwards on worsening sentiment

Global steel scrap prices dropped in the week to Friday May 28 on poor sentiment resulting from a weaker Chinese market and a softening of the Turkish market.

SOUTH ASIA STEEL SCRAP: Prices down on weaker global markets

Prices for shredded steel scrap imported into India and Pakistan moved down after there was further weakening on the Turkish scrap market and in Chinese futures, Fastmarkets heard on Friday May 28.

Blister copper RC reaches 3-year high in May; No 1 scrap buying continues

Spot interest in overseas blister copper remained low this month in China, with importers continuing to show a preference for top-grade copper scrap while the outright price of the metal remained high.

UK STEEL SCRAP WEEKLY: Light iron market steady ahead of monthly contract talks

Prices for inter-merchant light iron scrap in the UK were steady over the week ended Friday May 28, consolidating firm gains from the previous week that hit a nine-year peak, with increases possible in talks due next week between suppliers and steel mills, trade sources have told Fastmarkets.

DAILY STEEL SCRAP: Fresh US cargo sends prices down further

Turkish deep-sea scrap import prices went down further at the end of the week on the news of a fresh US booking, market participants told Fastmarkets on Friday May 28.

CHINA STEEL SCRAP: Import prices unchanged despite strong recovery in futures

Import prices for steel scrap in China were unchanged on Friday May 28 despite the most-traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange (SHFE) closing higher by 4.07% and 4.94% respectively in the afternoon.

VIETNAM STEEL SCRAP: Buyers cautious amid falling steel prices in China

Import prices for ferrous scrap in Vietnam continued to fall in the week to Friday May 28 due to sentiment weakened by plunging steel prices in China recently.

TAIWAN STEEL SCRAP: Price downtrend continues amid weak buying interest

Import prices for containerized ferrous scrap in the key Taiwanese market slid further this week amid soft end-user demand, sources said on May 28.