September 2019

WEEKLY SCRAP WRAP: Global scrap markets follow Turkeys move downward

Global ferrous scrap prices continued to move down across all the major scrap markets during the week ended Friday September 13, with buyers postponing buying activity in the expectation of securing lower prices after prices fell in Turkey, turning worldwide sentiment negative.

GERMANY FERROUS SCRAP: Domestic prices fall in Sept on poor finished steel demand, lower int'l market

Steelmakers in Germany have settled their monthly scrap contracts for September at prices that were down by an average of €25 ($28) per tonne from last month, sources told Fastmarkets on Friday September 13.

EUROPE ALLOY STEEL SCRAP: Prices decrease on low demand despite high nickel costs

Prices for austenitic grades of alloy steel scrap in the UK domestic market decreased this week, despite high nickel costs, because of low demand from stainless steel mills, sources told Fastmarkets on Friday September 13.

INDIA IMPORT SCRAP: Prices down by $15 per tonne as trading picks up

Prices for ferrous scrap imported into India moved down again this week after several deals were heard at lower prices, setting a fresh year-to-date low, sources told Fastmarkets on Friday September 13.

EU aluminium scrap continues to slip; 226 ingot follows

The range for aluminium pressure diecasting ingot DIN226/A380 fell on Friday September 13 with lower European scrap prices forcing ingot producers to sell more cheaply in the face of weak automotive sector demand.

GLOBAL CHROME SNAPSHOT: UG2 chrome ore index falls after disappointing alloy tender result

Key data from the pricing sessions in China, Europe, Asia and the United States for the week ending Friday September 13.

UK SCRAP: Light iron market tracks weaker consumer prices

The inter-merchant spot market for UK light iron scrap dropped for a second consecutive week on Friday September 13, tracking weaker prices in monthly delivery settlements to consumers.

UK FERROUS SCRAP: Market falls on weaker demand

The UK ferrous scrap market for deliveries to domestic consumers in September has settled with prices for all grades down by an average of about £25 ($31) per tonne.

PRICING NOTICE: Correction to Fastmarkets’ copper concentrates index

Fastmarkets MB has corrected its copper concentrates index, which was published incorrectly on Friday September 13 due to an error.

DAILY SCRAP REPORT: Mills resume deep-sea purchasing with fresh US cargo

Turkish steelmakers returned to the deep sea scrap market at the end of the week and prices edged up slightly as a result, sources told Fastmarkets on Friday September 13.