May 2021

DAILY STEEL SCRAP: Turkish scrap import prices set to rise further

Turkish steel producers took a break from making deep-sea scrap purchases on Monday May 10 after last week’s buying spree that raised prices by $39 per tonne week on week, sources told Fastmarkets.

‘Third wave’ of price rises to come for European secondary aluminium - market sources

European secondary aluminium ingot prices have started to move up after an extended period of volatility, following increased demand from the domestic market and for exports to Asia.

TURKEY DOMESTIC STEEL SCRAP: Domestic prices move higher

Turkish domestic scrap prices increased further during the week to Monday May 10, in line with rising imported scrap and export finished steel values, market participants told Fastmarkets.

CHINA STEEL SCRAP: Import prices up again on steel market surge

Prices for steel scrap imported into China rose on Monday May 10 amid a surge in downstream steel product prices in the country.

Stable demand, higher scrap prices boost Singapore rebar import prices

Stable demand from steel fabricators and stockists, and higher raw material ferrous scrap prices boosted Singapore's rebar import market during the week to Monday May 10, market sources said.

UK STEEL SCRAP WEEKLY: Light iron market resumes rally on strong exports

Prices for inter-merchant light iron scrap in the UK increased over the week ended Friday May 7, extending a general rally since late March, sources have told Fastmarkets.

STEEL SCRAP WRAP: Prices may break through $500/t, sources say

Global steel scrap prices surged in the week to Friday May 7 and could well break through the $500 per tonne cfr mark, starting in Asia, market sources have told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Market rises but buyers hold back

Prices for shredded steel scrap imported into South Asia continued to rise on Friday May 7 but buyers were hesitant about booking material, sources have told Fastmarkets.

DAILY STEEL SCRAP: Turkish mills pay ever-higher for deep-sea scrap

Turkish deep-sea scrap import prices continued to rise in the latest bookings agreed for June shipments, market sources said on Friday May 7.

CHINA STEEL SCRAP: Deal prices increase on billet, steel price surges

Prices for imported ferrous scrap to China increased on Friday May 7 amid transactions heard concluded at $527-529 per tonne cfr northern China.