April 2021

US Scrap/DRI: New US EAF projects to add to sourcing challenges for prime scrap, substitutes

Supply of prime ferrous scrap grades and acceptable substitutes is expected to come under pressure due to additional electric-arc furnace (EAF)-based steelmaking capacity in the United States, according to Philip Gibbs, director of metals equity research for KeyBanc Capital Markets.

Brazilian pig iron export price up on further sales

Pig iron export prices from Brazil rose again during the week to Friday April 16 following further sales.

US PIG IRON: Market up on good demand, bullish suppliers

The pig iron import market in the United States went up during the week ended Friday April 16 amid good demand and bullishness among suppliers.

GLOBAL FERRO-SILICON SNAPSHOT: US, EU prices keep climbing on supply constraints

Key data from Fastmarkets’ pricing sessions on Friday April 16 in China, Europe and the United States.

GLOBAL MANGANESE SNAPSHOT: Manganese ore prices keep sliding after miners cut offers

Key data from Fastmarkets’ pricing sessions on Friday April 16 in China, Europe and the United States.

GERMANY STEEL SCRAP: April prices largely stable; new scrap prices inch upward

Domestic ferrous scrap prices in Germany have been largely unchanged over the month to Friday April 16, sources have told Fastmarkets.

STEEL SCRAP WRAP: Global markets cool as buyers seek clarity

Purchasing activity in the key global steel scrap destinations began to cool in the week to Friday April 16, with price increases levelling off on a change of sentiment, with the exceptions of Taiwan and China.

CIS PIG IRON: Market strong on demand in neighboring outlets; US market silent

The pig iron export market in the Commonwealth of Independent States was strong during the week to Thursday April 15 amid demand in neighboring outlets - though the import market in the United States was quiet.

UK STEEL SCRAP WEEKLY: Prices hold up on tight supply, gains likely

The price for UK-origin light iron scrap was steady in the week to Friday April 16 after narrowing upward in the previous week, with tight availability of material prompting major shredders to compete strongly for feedstock to keep their machines running cost-effectively, sources told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Uncertainty keeps markets rangebound

Prices for shredded steel scrap imported into India and Pakistan were largely steady on Friday April 16 with the market mulling a possible downward trend, sources told Fastmarkets.