March 2019

China's March copper scrap discount widens, buyers fear import restriction

Cargoes of copper scrap for import into China have been trading at a bigger discount in March, with buyers staying on the market sidelines on worries they may not get approval to import scrap before new restrictions come into effect this summer.

TURKEY FERROUS SCRAP: Auto-bundle prices up but ship scrap slips on dollar rate

Turkish domestic auto-bundle scrap prices have gone up over the past seven days, while ship scrap prices fell because the country’s lira has weakened against the US dollar, sources said on Monday March 25.

Chinese copper scrap imports plunge by 63% in February

China’s copper scrap imports in February dropped by 63% month on month and by half compared with February 2018, according to the latest Chinese customs data released on Monday March 25.

US twitch-A380.1 price spread slims to 20-month low

Gains in non-ferrous auto shred (twitch) prices in the United States have whittled the spread to benchmark A380.1 aluminium to an over 20-month low.

WEEKLY SCRAP WRAP: Global prices remain firm except in Vietnam

Global scrap prices have gone up slightly except in Vietnam during the working week from Monday March 18 to Friday March 22, with demand being seen in Turkey only later in the week.

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 22/03

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday March 22:

EUROPE ALLOY STEEL SCRAP: Austenitic prices move higher on more stable nickel costs

Austenitic alloy steel scrap prices edged higher in Europe this week in reaction to more stable nickel costs.

UK SCRAP: Market price rolled over amid steady business

Prices for light iron steel scrap in the United Kingdom have been rolled over this week amid steady trading while regular inter-merchant business and firm demand from major shredders support the market, sources told Fastmarkets on Friday March 22.

DAILY SCRAP REPORT: Turkish mills add three cargoes to round off week

Turkish steel producers continued to book scrap at the end of this week, with material from various regions being purchased at fairly stable prices, sources said on Friday March 22.

INDIA IMPORT SCRAP: Prices stable as market pauses for holiday

The price of shredded ferrous scrap was stable this week with many market participants on holiday to celebrate the Holi festival in the country, sources said on Friday March 22.