September 2021

US copper scrap discounts narrow; brass scrap prices fall

A drop in Comex copper prices has led to a slight lowering of discounts for some copper scrap items, while brass scrap prices fell.

Ward Recycling opens new scrap processing yard in London

UK metals scrap trader and processor Ward Recycling has opened a new rail-connected metal processing site in Barking, East London.

DAILY STEEL SCRAP: Turkish mills book November cargoes

Turkish steel mills returned to the deep-sea scrap market on Thursday September 30 for November shipment cargoes, market participants told Fastmarkets.

ASIA STEEL SCRAP DIGEST: Bangladesh buys limited containers of HMS, market stable

Mills in Bangladesh have dipped into the containerized import scrap market for a handful of bookings at largely stable prices, sources told Fastmarkets on Thursday September 30.

Secondary aluminium prices reach all-time highs on surging silicon market

Production halts in China, the world's largest producer of silicon and magnesium, saw prices for the chemical elements surge in the week to Wednesday September 29, with ripples felt across the aluminium industry, where elements such as silicon can comprise up to 13% of alloy production.

JAPAN STEEL SCRAP: Mills switching to shredded from busheling amid low supply

Low generation of Shindachi busheling is forcing some Japanese blast furnace (BF)-based mills to procure more shredded scrap instead of the high-grade new production material, sources told Fastmarkets.

Upside due for US ferrous scrap export market

Turkish mills are actively seeking United States-origin scrap and expect to negotiate their next US deep-sea cargoes at prices comparable to or higher than the last-reported sales, sources said on Wednesday September 29.

US stainless scrap prices tighten on nickel weakness

The stainless steel scrap market in the United States is largely at a standstill for now while the London Metal Exchange cash nickel price continues to lose ground, having retreated to the mid-$8-per-lb range.

TITANIUM SNAPSHOT: Market extends steady trend, new tenders expected

Key data from Fastmarkets’ pricing session in Europe on Wednesday September 29.

DAILY STEEL SCRAP: Turkish mills step back from deep-sea bookings

Turkish steel mills stepped away from the deep-sea scrap import market after booking a number of cargoes earlier in the week, sources told Fastmarkets on Wednesday September 29.