May 2019

WEEKLY SCRAP WRAP: Turkey begins recovery after US tariff cut; other markets 'will follow'

The global ferrous scrap markets continued to move downward during the week ended Friday May 17, except in Turkey, but a recovery was expected for most markets following the cut to the US import tariff on Turkey-origin steel.

US PIG IRON: Deal prices stable on scrap market bottoming, rising iron ore costs

The pig iron market in the United States was stable this week, with the scrap market said to be around the bottom while the cost of iron ore continued to increase, Fastmarkets heard on Friday May 17.

Export pig iron prices from southern Brazil down on reduced sales

Pig iron export prices from the south of Brazil have gone down slightly this week on lower sales to Asia, Fastmarkets heard on Friday May 17.

Copper concentrate TC/RCs dip to new 5-yr low; traders snapping up tender tonnages

Copper concentrates treatment and refining charges (TC/RCs) continued to edge down in the second week of May due to traders snapping up tender tonnages at low numbers, while smelters became hesitant in spot purchases.

EUROPE ALLOY STEEL SCRAP: Prices down on declining demand, scrap costs despite nickel uptick

European and UK austenitic and chrome steel alloy scrap prices decreased over the past week because of declining demand and lower ferrous scrap costs, sources told Fastmarkets on Friday May 17.

CIS PIG IRON: Market flat on stable sales prices

The market for pig iron exports from the Commonwealth of Independent States (CIS) was stable during the week ended Thursday May 16, with several sales to the United States at prices equal to those heard at the start of the month.

BATTERY RAW MATERIALS MARKET REPORT 17/05: Cobalt metal prices edge lower on thin demand

An overview of the battery raw materials markets and their latest price moves.

UK SCRAP: Light iron market tracks weaker May settlements

The UK’s light iron market has dropped over the week ending May 17, losing another £5 ($6.41) per tonne following a £10 loss due to weaker European export markets into Turkey since late April, sources told Fastmarkets.

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 17/05:

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday May 17:

ZHENGZHOU ALUMINA & BAUXITE CONF: Strong demand in China supports uptrend in imported bauxite price - Metro Mining CEO

The price of bauxite imported into China will continue rising gradually over the next 5-10 years on stronger domestic demand, chief executive officer of Metro Mining Simon Finnis told Fastmarkets at the Alumina & Bauxite Conference held in Zhengzhou on May 16-17.