January 2019

WEEKLY SCRAP WRAP: Global scrap prices show mixed dynamics

Global ferrous scrap prices moved in varying directions during the working week from Monday January 14 to Friday January 18, with Turkish and Asian import prices going opposite ways.

US non-ferrous auto shred price pressured by supply concerns

Pressure is mounting in the non-ferrous auto shred (twitch) market in the United States, with suppliers and consumers in strong negotiations for material next month.

UK FERROUS SCRAP: January prices drop in line with weaker exports

UK ferrous scrap prices for deliveries in January have dropped by £15-20 ($19-26) per tonne, depending on grade, due to persistent weakness in export prices to the key destination of Turkey, trade sources told Fastmarkets on Friday January 18.


The following Fastmarkets non-ferrous European free market scrap prices changed on Friday January 18:

INDIA IMPORT SCRAP: Prices begin to stabilize but uncertainty remains

The price of shredded ferrous scrap imported into India was stable this week, with deals done at prices similar to last week, market participants said on Friday January 18.

DAILY SCRAP REPORT: Mills continue bookings for stock at steady prices

The Turkish steel mills have continued to book deep-sea scrap but at a slow pace, with prices largely stable, sources said on Friday January 18.

Asian scrap prices subdued on stagnant demand, limited activity

Import prices for ferrous scrap in Vietnam continued to fall this week amid bearish sentiment in the market, while those in Taiwan held up due to low selling interest and sluggish trading.

US copper scrap market moves closer to balance

The copper and brass scrap markets in the United States are shifting back toward a supply-demand balance, but availability of some high-grade copper scrap items remains tight and continues to pressure spreads.

DAILY SCRAP REPORT: Prices up as Turkish producers resume deep-sea bookings

Turkish steel producers have resumed their deep-sea scrap purchases for January-February at higher prices, sources said on Thursday January 17.

PEOPLE MOVES: Ex-Kyen trader Nishchay Chadha joins Viant Commodities

Former trader at Kyen Resources, Nishchay Chadha, has joined Viant Commodities as their head of trading in the Viant office in Singapore, Fastmarkets has learned.