November 2019

UK SCRAP: Light iron market stable on firm Turkish imports

The inter-merchant spot price for light iron scrap in the UK was stable in the week ended Friday November 22, with steady demand into domestic major shredders and solid business levels into Turkey from Europe cementing British prices, trade sources told Fastmarkets.

INDIA IMPORT SCRAP: Prices dip as market falters

The price of ferrous scrap imported into India moved down this week after sentiment turned negative and market participants stepped back from trading, sources told Fastmarkets on Friday November 22.

DAILY SCRAP REPORT: Latest Baltic Sea deal keeps prices flat

Turkish steel producers continued to book deep-sea scrap for December deliveries at a slow pace and steady prices, sources said on Friday November 22.

Japanese, Korean smelters likely to follow Freeport-Jiangxi copper TC/RCs benchmark; Chinese peers say ‘disappointing yet acceptable’

Japanese and Korean copper smelters are likely to follow the contract for 2020 treatment and refining charges (TC/RCs) settled by Jiangxi Copper and miner Freeport, with major Chinese smelters also likely to accept the number.

ASIA FERROUS SCRAP: Taiwan market continues uptrend while Vietnam stagnates

Steady demand in Taiwan continues to prop up ferrous scrap prices, which maintained a slight upward trend this week.

ACW 2019: Scrap renaming will dominate China’s copper market in 2020

A policy under which certain copper scrap products will be officially renamed “recyclable copper raw materials” will be the most-watched event in China’s copper market next year, delegates attending Fastmarkets’ Asia Copper Conference in Shanghai heard on Wednesday November 20.

INTL RECYCLED AL CONF: Primary, secondary aluminium both needed for low-carbon economy, Rusal says

Both primary and secondary aluminium will be required to meet demand in a low-carbon economy, Russian producer UC Rusal’s head of marketing, Jerome Lucaes, said at Fastmarkets’ International Recycled Aluminium Conference in Hamburg on Wednesday November 13.

DAILY SCRAP REPORT: Mills pause deep-sea bookings amid weak finished steel sales

Turkish steel producers have held back from the deep-sea scrap market for a day and made no bookings, although prices remained steady, sources said on Thursday November 21.

INTL RECYCLED AL CONF: Delegates bullish for 2020 after disruptive year for scrap, secondary

The macro-induced downtrend in primary and secondary aluminium prices is a temporary market set-up, according to bullish delegates at Fastmarkets’ International Recycled Aluminium Conference in Hamburg on November 12-14.

Indonesia's transshipment ban forces scrap traders to divert cargoes, seek out new supply

Traders are scrambling to divert their transshipped containerized cargoes of ferrous scrap bound for Indonesia to other destinations and find new supply sources in response to new import restrictions issued last month by the country’s trade ministry.