August 2021

Downtrend persists in Mexican ferrous scrap markets

Mexican steel scrap prices continued to decrease in the week ended on Friday August 27, as most steelmakers applied price cuts because of competition from imported material.

INTERVIEW: Beltrame looks to futureproof itself with eco steel plant ahead of green revolution

With Italian steelmaker AFV Beltrame Group’s recently announced investment in a new green steel plant in Romania, chief executive Carlo Beltrame is looking to futureproof the company ahead of the upcoming green steel revolution. In discussion with Fastmarkets’ Carrie Bone, he outlined the changes and challenges anticipated for decarbonizing the steel industry.

ASIA STEEL SCRAP DIGEST: Prices inch up in China amid buyer optimism

Firmer Chinese steel markets have been supporting sentiment in the Chinese scrap market, keeping buyers optimistic about September and October, sources told Fastmarkets on Tuesday August 31.

Mexico extends countervailing duty on US welded pipe; starts anti-dumping probe on Vietnamese coated steel

The Mexican economy secretariat has extended the period of an existing countervailing duty on imports of longitudinal welded carbon steel pipes from the Unites States, and has started an anti-dumping investigation on flat-steel imports from Vietnam.

IN CASE YOU MISSED IT: 5 key stories from August 27

Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.

UK STEEL SCRAP WEEKLY: Market extends stability ahead of October monthlies

The light iron scrap market in the United Kingdom was stable during the week to Friday August 27, with most trade sources reporting steady prices to ensure the flow of material into yards.

STEEL SCRAP WRAP: Turkish mills stay out of market, Asia prices edge downward

Turkish mills were largely inactive in the import scrap market over the week ended Friday August 27, while prices in key Asian markets were affected by the low levels of interest among mills for imported cargoes.

SOUTH ASIA STEEL SCRAP: Import prices continue to decline

Prices for shredded steel scrap into Pakistan and India have decreased in the week to Friday August 27, sources told Fastmarkets.

DAILY STEEL SCRAP: Mills end week with a single cargo deal

Turkish steel producers made no new scrap bookings on Friday August 27, ending the working week with a single cargo deal amid limited finished steel sales, market participants said.

ASIA STEEL SCRAP DIGEST: Japan, South Korea introduce further local price cuts

The domestic scrap markets in both Japan and South Korea weakened further on Friday August 27, placing further pressure on the seaborne markets, sources told Fastmarkets.