June 2021

Weakness in US ferrous scrap export market clouds outlook for domestic trade in July

A Turkish mill has secured ferrous scrap from the United States for $2 per tonne more than the last-reported US sale, but falling dock prices and a lack of significant upward momentum in US export prices has led some to question what direction domestic prices will take in July’s ferrous scrap trade.

DAILY STEEL SCRAP: Turkish mills continue with deep-sea purchases

Turkish steel producers continued their deep-sea scrap purchases, but at a slow pace dictated by limited long steel demand, market sources told Fastmarkets on Wednesday June 30.

TITANIUM SNAPSHOT: Markets braced for gains ahead of new Russian export duties

Key data from Fastmarkets’ pricing session in Europe on Wednesday June 30.

CHINA STEEL SCRAP: HBIS’ second shipment of imported scrap clears customs at Jingtang

A shipment of 4,000 tonnes of imported scrap booked by major Chinese steelmaker Hebei Iron & Steel (HBIS) cleared customs checks at Jingtang port in Tangshan, Hebei in early June, sources told Fastmarkets on Wednesday June 30.

INFOGRAPHIC: Mapping the latest trends in the Asian ferrous scrap market

Asian steel scrap imports fluctuated wildly from territory to territory in 2020, with South Korea and Bangladesh reporting decreases while Taiwan and Vietnam recorded increases.

IN CASE YOU MISSED IT: 5 key stories from June 29

Here are five Fastmarkets MB stories you might have missed on Tuesday June 29 that are worth another look.

Mexican ferrous scrap prices mostly flat, market remains strong

Ferrous scrap prices in Mexico’s steelmaking regions of Monterrey and Bajío were mostly stable week on week while demand remained high, according to several sources.

DAILY STEEL SCRAP: Turkish mills resume deep-sea bookings

Turkish steel mills picked up their activity in the deep-sea scrap markets with a fresh UK cargo sold at fairly stable prices, market participants said on Tuesday June 29.

European Ti market set to rally after new Russian export tax

The European ferro-titanium and titanium scrap markets may be set to push higher in the coming months after news that Russia will impose an export tax on ferro-alloys between August 1 and December 31 this year, according to industry sources.

China's unwanted copper scrap diverted to Asia, Europe at high discount

No2 copper scrap cargoes have been sold to Asia and Europe at large discounts recently over concerns of the cargoes not meeting new Chinese customs criteria for recyclable material, industry sources told Fastmarkets.