Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.
26 February 2021
Carrie Bone
Steel scrap prices have increased across all major markets over the week to Friday February 26, driven by strengthening steel markets and a jump in bulk freight rates.
26 February 2021
Cem Turken, Lee Allen, Paul Lim, Carrie Bone, Amy Hinton
The price of austenitic steel scrap in the UK and Europe moved up in the week ended Friday February 26, but a drop in the price of nickel on Friday meant that a downward correction next week was likely, sources have told Fastmarkets.
26 February 2021
Ross Yeo
Prices for shredded steel scrap imported into India and Pakistan are following the trend of the international market and moving up over the week to February 26, sources told Fastmarkets.
26 February 2021
Carrie Bone
The recent bounce in the United Kingdom’s light iron steel scrap market extended into this week due to tight domestic supplies amid renewed export demand, sources told Fastmarkets.
26 February 2021
Declan Conway
Turkish steel producers continued to make deep-sea scrap bookings at firming prices on Friday February 26, market sources said.
26 February 2021
Cem Turken
Spot prices in the key Vietnamese scrap import market rebounded strongly during the week to Friday February 26, even though buyers with inventories were not actively purchasing due to high prices and the narrow scrap-billet spread, according to market sources.
26 February 2021
Paul Lim
Prices for containerized ferrous scrap into key import market Taiwan have increased on the back of higher bunker prices, freight rates and strong demand from buyers for containerized cargoes due to a dearth of berthing spaces for bulk-shipment cargoes.
26 February 2021
Paul Lim
Production of mined zinc and lead both declined in 2020 due to Covid-19-led restrictions in major supplying countries, the International Lead and Zinc Study Group (ILZSG) said on Thursday February 25.
26 February 2021
Julian Luk
Here are five Fastmarkets stories you might have missed on Thursday February 25 that are worth another look.
26 February 2021
Fastmarkets MB staff
