January 2022

Posco-Adani steel project could add to India's oversupply, sources say

Posco and the Adani Group’s recently announced steel project will likely add to the steel oversupply in India until demand picks up sufficiently to consume the surplus volumes, market sources told Fastmarkets this week.

Chinese ADC 12 prices soften on approaching holiday; MJP market rises

Key data from Fastmarkets’ pricing session in China on Wednesday January 19.

Novelis aluminium alloys certified at up to 99% recycled

Three of US aluminium producer Novelis’ alloy products - grades 3105, 3004 and 3025 - have been independently certified as having as much as 99% recycled content, the aluminium rolling and recycling firm said on Tuesday January 18.

Turkish steelmakers continue to stay away from deep-sea scrap trades

Turkish steel mills have again extended their absence in the deep-sea scrap market, amid continuing poor finished long steel sales, market participants told Fastmarkets on Wednesday January 19.

Ferro-titanium prices supported by tight scrap

Key data from Fastmarkets’ pricing session in Europe on Wednesday January 19.

Japan export scrap prices move up amid swell in overseas demand

Export prices for steel scrap cargoes from Japan have benefitted from a jump in demand from key Asian importers such as South Korea and Vietnam over the past week, market sources told Fastmarkets on Wednesday January 19.

Oetinger Aluminium achieves ASI Performance Standard Certification

German aluminium producer Oetinger Aluminium has achieved the Aluminium Stewardship Initiative (ASI) Performance Standard certification with provisional status, the company announced on Wednesday January 19.

Mexican scrap prices mixed after US price cuts

Ferrous scrap prices in Mexico diverged in the week ended Friday January 14, with some buyers applying increases while others made efforts to reduce pricing.

Limited long steel demand keeps Turkish steelmakers away from deep-sea scrap market

Turkish steel producers continued to stay silent in the deep-sea scrap market due to limited finished long steel sales, market participants told Fastmarkets on Tuesday January 18.

Buying fades in Indian shredded scrap market, suppliers reduce offers

Trading in the Indian import shredded scrap market has faded in recent days amid limited demand.