September 2019

ALUMINIUM FOUNDRY WRAP: US, European premiums remain muted

Poor demand and ongoing bearish sentiment surrounding the European economy continued to keep premiums for aluminium foundry in the region tepid on Friday September 13.

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.

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.

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.

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.

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 13/09

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday September 13:

ASIA FERROUS SCRAP: Import prices continue to slide, further falls expected

Bulk ferrous scrap import prices to Southeast Asia and East Asia fell below $270 per tonne this week after a lower Kanto auction result in Japan and increased European supplies to the region.