July 2018

STEEL WEEK IN BRIEF: Preliminary EU safeguarding measures, weak Turkish and Asian scrap prices, alleged anti-trust in Japan…

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

WEEKLY SCRAP WRAP: Global prices fall on bearish Turkish, Taiwanese markets

Global scrap prices weakened in the export markets of Turkey, Taiwan and the United States in the week from July 16 to July 20, due to continued weakness in Turkish rebar demand and a greater supply of scrap cargoes offered to Taiwan.

Brazilian pig iron producers inactive in export market

Brazilian pig iron producers continued to hold back from the export markets this week because of continued strong local demand and full order books at least until late September.

EUROPE ALLOY STEEL SCRAP: Prices down on low demand, falling nickel values

UK and European alloy steel scrap prices have weakened on slowing demand from mills and, in the case of austenitic products, lower nickel prices.

INDIA IMPORT SCRAP: Monsoon season, falling Turkish market pressure prices lower still

Prices for imports of containerized shredded scrap into India fell further this week due to the continuing monsoon season and the continued fall in Turkish scrap prices, sources told Metal Bulletin on Friday July 20.

US PIG IRON: Buyers, suppliers fail to agree price

The pig iron market in the United States was frozen this week with buyers and sellers failing in their attempts to negotiate a price.

UK FERROUS SCRAP: Prices stable but market sentiment less positive

The UK light iron scrap market was steady this week although market sentiment soured slightly, suggesting that prices will fall next week if downward pressure from the worsening Turkish market is sustained, market sources told Metal Bulletin this week.

DAILY SCRAP REPORT: Turkish mills resume August bookings, prices drop

Turkish steel producers returned to the deep-sea scrap markets as prices fell on Friday July 20.


The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday July 20:

IRON ORE DAILY: Seaborne trading cools down toward weekend

Seaborne iron ore trading slowed down on Friday July 20 amid softer prices.