November 2018

DAILY SCRAP REPORT: Possible product surge from China keeps Turkish mills out of market

Turkish steel mills have continued to hold back from making deep-sea scrap purchases due to fear of product outflow from China, sources said on Tuesday November 20.

DAILY SCRAP REPORT: Mills hold back on fear of products surge from China

Turkish steel producers continued to hold back from the deep-sea scrap market on Monday November 19, because they expect more supplies from China to hit the market in the next few weeks.

TURKEY FERROUS SCRAP: Local prices weaken on rising stocks

Turkish domestic scrap prices have softened over the past week with some mills reducing their buy prices because of high stock levels, sources said on Monday November 19.

ASIA COPPER WEEK 2018 - INTERVIEW: Shanghai copper premium to be supported in H1 2019 – Awin Resources

Unwavering demand for refined copper, following China’s ban of category 7 copper scrap imports, and tighter refined copper cathodes supply from overseas may lead to higher spot copper premiums cif Shanghai in the first half of 2019, Awin Resources’ deputy general manager Danny Ju told Fastmarkets in a recent interview.

GLOBAL BILLET WRAP: Prices soften on cheaper scrap, weak Chinese sentiment

Prices for steel billet in most of the major global markets softened in the week ended Friday November 16, amid a downturn in scrap import costs, pessimism created by China’s plummeting steel prices, and sluggish downstream sectors.

STEEL WEEK IN BRIEF: Asia scrap prices tumble; US HRC prices down to pre-232 levels; Voestalpine earnings slip...

Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday November 16.

WEEKLY SCRAP WRAP: India escapes global pressure on scrap prices from weak demand

Global ferrous scrap prices surrendered to the downward pressure created by weak mill demand and tepid finished steel sales during the working week from Monday November 12 to Friday November 16, with the exception of those in India.

INDIA IMPORT SCRAP: Prices up on higher offers but sentiment turns negative

The price of shredded ferrous scrap imported into India rose this week, reflecting higher offer prices in the market, but weak demand is damaging sentiment, sources told Fastmarkets MB on Friday November 16.

DAILY SCRAP REPORT: Indices stable as Turkish mills fall quiet again

The Turkish steel mills resumed a watchful position in the deep-sea scrap markets on Friday November 16, with no bookings made and prices remaining unchanged, Fastmarkets was told.


The following Fastmarkets non-ferrous European free market scrap prices changed on Friday November 16: