July 2018

STEEL WEEK IN BRIEF: Preliminary EU safeguarding measures, weak Turkish and Asian scrap prices, alleged anti-trust in Japan…

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

WEEKLY SCRAP WRAP: Global prices fall on bearish Turkish, Taiwanese markets

Global scrap prices weakened in the export markets of Turkey, Taiwan and the United States in the week from July 16 to July 20, due to continued weakness in Turkish rebar demand and a greater supply of scrap cargoes offered to Taiwan.

INDIA IMPORT SCRAP: Monsoon season, falling Turkish market pressure prices lower still

Prices for imports of containerized shredded scrap into India fell further this week due to the continuing monsoon season and the continued fall in Turkish scrap prices, sources told Metal Bulletin on Friday July 20.

UK FERROUS SCRAP: Prices stable but market sentiment less positive

The UK light iron scrap market was steady this week although market sentiment soured slightly, suggesting that prices will fall next week if downward pressure from the worsening Turkish market is sustained, market sources told Metal Bulletin this week.

DAILY SCRAP REPORT: Turkish mills resume August bookings, prices drop

Turkish steel producers returned to the deep-sea scrap markets as prices fell on Friday July 20.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 20/07

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday July 20:

PRICING NOTICE: Proposal to change the Rotterdam export HMS 1&2 (70:30 mix) price to HMS 1&2 (75:25 mix)

Metal Bulletin is proposing to change its weekly price assessment for Rotterdam export HMS 1&2 (70:30 mix) to Rotterdam export HMS 1&2 (75:25 mix).

Taiwanese scrap import prices dip further on ample supply

Import prices for containerized heavy melting scrap (HMS) in Taiwan softened this week on ample supply in the market.

DAILY SCRAP REPORT: Market quiet after buying spree on Wednesday

Turkish steel mills skipped Thursday July 19, with no deep-sea scrap bookings reported after the buying spree on Wednesday, when three cargoes totaling around 115,000 tonnes were booked.

TITANIUM SNAPSHOT: Spot alloy prices hold up despite summer lull; 0.5% tin scrap price ticks up

Key data from the Wednesday 18 July pricing session in Europe.