December 2020

Mexican steel scrap prices up as market remains strong

Ferrous scrap prices in the main Mexican domestic markets increased in the week ended Friday November 27, with some companies applying increases in order to secure supply amid low availability and steady demand.

DAILY STEEL SCRAP: Mills stay away from deep-sea markets amid price rises

Turkish steel producers have continued to hold back from further deep-sea scrap purchases because of increasing prices, sources said on Tuesday December 1.

EXCLUSIVE: Chinese dealers taking over Japanese scrapyards to secure supply

A number of Chinese dealers and business entities are taking over Japanese scrapyards, or setting up scrap businesses in Japan, to secure sufficient supply of the steelmaking raw material for steel mills in China, market sources told Fastmarkets this week.