July 2019

TURKEY FERROUS SCRAP: Domestic market remains slow on summer lull

The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.

DAILY SCRAP REPORT: Prices up on new Baltic Sea cargo

A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.

WEEKLY SCRAP WRAP: Prices rising on higher Turkish import costs

Scrap prices in most global markets pushed upward in the week ended Friday July 19, in line with stronger Turkish import prices. But this excluded the Indian market, which was hurt by limited trading activity.

INDIA IMPORT SCRAP: Prices down in weak market

The price of shredded ferrous scrap imported into India fell this week due to a lack of demand, sources told Fastmarkets on Friday July 19.

DAILY SCRAP REPORT: Turkish mills book three more cargoes for August

Turkish steel producers continued to book deep-sea ferrous scrap cargoes for August shipments at the end of the week, sources said on Friday July 19.

UK SCRAP: Prices remain stable on quiet market

The inter-merchant spot market for UK light iron has remained flat for the fourth consecutive week due to stable market conditions, sources told Fastmarkets on Friday July 19.

ASIA FERROUS SCRAP: Steady demand props up prices

Spot prices for ferrous scrap in Asia picked up some strength this week on steady demand from end users in the region.

DAILY SCRAP REPORT: Mills accept higher material prices despite poor product values

The Turkish steel mills have broken their recent silence in the deep-sea scrap markets and have accepted higher prices, sources said on Thursday July 18.

US West Coast ferrous scrap export activity picks up

The United States' ferrous scrap export market is enjoying momentum on the West Coast, with a pair of bulk cargoes and decent container sales concluded, while the East Coast remains quiet.

DAILY SCRAP REPORT: Weak rebar demand, falling prices keep mills away from deep-sea market

Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday July 17, because of the sluggish finished steel demand, sources told Fastmarkets.