September 2020

US secondary aluminium alloy prices up; ingot sellers aim higher

Prices for secondary aluminium alloys in the United States rose across the board on Thursday September 17, but producers - who have seen their margins erode due to output constraints and higher freight and scrap costs - said the climb has been too slow.

STEEL SCRAP WRAP: Global markets slip as Turkey stalemate continues

The effect of the absence of Turkish steel mills from the international scrap market was evident in tepid trading and weakening prices in the week to Friday September 18, with fears of an imminent market correction.

INDIA STEEL SCRAP: Market dips as sentiment sours

The price of shredded scrap imported into India moved down this week following a change in sentiment resulting from the absence of Turkey from the global scrap market, sources told Fastmarkets on Friday September 18.

UK STEEL SCRAP WEEKLY: Price range steady on limited supplies, strong exports

The price spread for UK inter-merchant light iron scrap was steady over the week to Friday September 18, with limited supplies coming into merchant yards and a steady rate of export tonnages underpinning support for domestic prices, industry sources have told Fastmarkets.

UAE extends scrap export ban

The United Arab Emirates Ministry of Economy has extended the ban on exports of steel and paper scrap from the country for a period of four months, the ministry said on September 13.

DAILY STEEL SCRAP: Mills end another week with no deep-sea bookings

Turkish steel producers ended the working week with no deep-sea bookings in anticipation of lower scrap prices, sources told Fastmarkets on Friday September 18.

S KOREA STEEL SCRAP: Prices down as mill maintenance reduces demand

Prices for cargoes of steel scrap imported into South Korea have dropped over the past week amid lower demand from mills that will take rounds of maintenance during the next few months, sources told Fastmarkets on Friday September 18.

China allows significantly larger volume of copper scrap imports under latest quota

China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas.

TAIWAN STEEL SCRAP: Prices stabilize on weakening end-user demand

Import prices for containerized ferrous scrap in the key Taiwanese market stopped rising this week on weakening end-user demand.

VIETNAM STEEL SCRAP: Buyer books 75,000 tonnes of deep-sea material

A major Vietnamese buyer booked 75,000 tonnes of deep-sea HMS 1&2 (80:20) from Europe and Australia this week on stable demand.