October 2021

STEEL SCRAP WRAP: Sharp price increases across globe amid stronger demand

Higher demand in key consumer markets led to a jump in steel scrap prices across all major markets in the week to Friday October 15, sources have told Fastmarkets.

UK STEEL SCRAP WEEKLY: Light iron market steady on strong exports

The inter-merchant market for light-iron steel scrap in the United Kingdom was steady for a fourth week on Friday October 15, supported by strong export markets and tight availability of scrap in all areas, trade sources told Fastmarkets.

EUROPEAN SECONDARY ALUMINIUM SNAPSHOT: DIN226 price reaches record high on uncertain supply

Key data from Fastmarkets’ European secondary aluminium pricing session on Friday October 15.

DAILY STEEL SCRAP: Turkish steelmakers book 10 deep-sea cargoes in past week at rising prices

Turkish steel mills booked at another five cargoes on Friday to bring the total for the week to 10, market participants told Fastmarkets on October 15.

SOUTH ASIA STEEL SCRAP: Prices continue to rise amid buying spree

Prices for shredded steel scrap imported into Pakistan and India increased further on Friday October 15, with trading reported throughout the week, sources told Fastmarkets.

ASIA STEEL SCRAP DIGEST: China demand rises amid relaxation in power rationing

Less stringent restrictions on power supply in some areas of China have led to a boost in steel production levels and ferrous scrap demand at some mills in recent days, sources told Fastmarkets on Friday October 15.

INTERVIEW: Carbon oversupply in China could cap price surcharges

An oversupply of emissions trading credits in China by more than 1.5 billion tonnes of carbon dioxide will likely cap carbon prices in the country, TransitionZero carbon analyst Matt Gray told Fastmarkets in an interview.

VIETNAM STEEL SCRAP: Buyers pull back amid high offers

Spot prices for imported ferrous scrap in key market Vietnam increased week on week, although higher offers from sellers have seen buying interest subside from last week.

TAIWAN STEEL SCRAP: Traders withhold offers amid price uptrend

Spot prices for imported containerized steel scrap into Taiwan continued on an upward trend this week amid strong demand and limited supply.

IN CASE YOU MISSED IT: 5 key stories from October 14

Here are five Fastmarkets stories you might have missed on Thursday October 14 that are worth another look.