January 2020

Foreign demand boosts US aluminium scrap prices

Most aluminium scrap prices rose in the United States this past week, and one of the biggest movers was aluminium-copper radiators, which found support from increased buying interest and higher Comex copper prices.

US copper scrap market wary of China scrap renaming

The long-term impact of China renaming scrap metal as renewable material remains to be seen, sources said, citing a potential increase in scrap exports from the United States to the Asian nation, although China’s scrap import quota system will continue through 2020.

INDIA IMPORT SCRAP: Market drops in line with Turkish price plunge

The price of ferrous scrap imported into India dropped this week after a sudden sharp fall on the international scrap market had a knock-on effect, sources have told Fastmarkets.

UK SCRAP: Light iron market tracks higher monthly settlements

The inter-merchant spot market for light iron scrap in the UK was up by £5 ($6.53) per tonne in the week ended Friday January 17, tracking higher prices settled for monthly domestic deliveries to British consumers in January while steady export demand buoyed the country’s scrap markets.

DAILY SCRAP REPORT: Market awaits more deals to confirm new price levels

The Turkish deep-sea scrap markets were quiet at the end of the week, as market participants digested the latest sale, which sent prices down by $13 per tonne, sources said on Friday January 17.

ASIA FERROUS SCRAP: Asia takes lead in global price decline

Asia appears to be setting the trend in the global ferrous scrap market, with prices in Taiwan and Vietnam falling steadily since the start of the year before those in Turkey plunged toward the end of this week.

UK FERROUS SCRAP: Market buoyed by European exports

UK suppliers of steel scrap to domestic consumers have added a further round of price increases for the latest monthly settlements to be delivered in January, sources told Fastmarkets on Thursday January 16.

DAILY SCRAP REPORT: Prices fall sharply in latest US sale

Turkish deep-sea scrap import prices have tumbled with news of a fresh sale heard after negative signs emerged in the United States’ export markets, sources said on Thursday January 16.

CNMC’s DRC copper smelter starts production with 2020 target of 100kt – sources

China Nonferrous Mining Corp’s (CNMC) Lualaba copper smelter has commenced operations in the Democratic Republic of Congo (DRC) with an estimated output of 100,000 tonnes of copper this year, Fastmarkets has learned.

US lead scrap cable, lead scrap battery prices rise

Lead and zinc scrap prices remained relatively steady in the United States in the first half of January, but a combination of strained supply and firming lead prices on the London Metal Exchange gave battery prices a boost.