July 2021

STEEL SCRAP WRAP: Turkey import price falls on high supply, weak demand

Steel scrap prices started to move downward in major international markets such as Turkey and the US East Coast export sector over the week ended Friday July 30, amid plentiful supply of scrap in some areas but tepid buying interest.

UK STEEL SCRAP WEEKLY: Market mulls change of direction on weaker export markets

The light iron scrap market in the UK was unchanged on Friday July 30, but a change in direction was likely due to a recent drop on the export markets, sources have told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Sentiment knocked by falling Turkish market

The prices of shredded steel scrap imports into Pakistan and India weakened on Friday July 30 following a drop in Turkish scrap prices, sources told Fastmarkets.

DAILY STEEL SCRAP: Turkish mills end week with three deep-sea deals

Turkish steel mills continued to book deep-sea scrap cargoes at a slow pace on Friday July 30, sources told Fastmarkets.

VIETNAM STEEL SCRAP: Market at standstill as Covid-19 case numbers surge

The Vietnamese steel market remained in a state of shutdown during the week ended Friday July 30 due to a worsening of the Covid-19 pandemic situation in the country, which limited interest in imported scrap, sources told Fastmarkets.

CHINA STEEL SCRAP: Negotiations between buyers and sellers remain limited

Spot prices for imported scrap into China were unchanged on Friday July 30 amid limited negotiations between buyers and sellers.

TAIWAN STEEL SCRAP: Prices fall further on reduced demand, mill maintenance

Weaker demand for imported containerized ferrous scrap in Taiwan as a result of lower operating rates among electric-arc furnace operators and surging Covid-19 cases in many parts of Asia dampened spot prices in the week to Friday July 30.

PRICING NOTICE: Proposal to update Fastmarkets Metals & Mining assessment methodology

Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology.

PRICING NOTICE: Amendment to name for Japan export heavy steel scrap price

Fastmarkets has modified the name of one of its Japan steel scrap export prices to reflect the product’s usage in the market.

BANGLADESH STEEL SCRAP: Containers of HMS booked at lower prices

Bangladeshi steelmakers have dipped into the market for small tonnages of containerized heavy melting scrap at slightly lower prices over the past week, market participants told Fastmarkets on Thursday July 29.