The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.
31 January 2020
Declan Conway
South American flat steel import prices either rose or held firm during the week ended Friday January 31, while the absence of China from the market drove customers to look for materials from other origins.
31 January 2020
Renato Rostás
The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31.
31 January 2020
Ross Yeo
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31.
31 January 2020
Janie Davies, Chris Kavanagh, Jon Stibbs, Siyi Liu
The price of ferrous scrap imported into India dropped again in the week ended Friday January 31, while trading activity paused following a mid-week drop in international scrap prices, sources have told Fastmarkets.
31 January 2020
Carrie Bone
The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.
31 January 2020
Ross Yeo
Domestic prices for hot-rolled coil in Northern Europe have increased day on day due to mills' good order books and a lack of competitive imports, sources told Fastmarkets on Friday January 31.
31 January 2020
Maria Tanatar
Indian steel producers were likely to increase their prices for hot-rolled coil by at least 1,000 rupees ($14) per tonne for February sales to take account of rises in the costs of raw materials such as iron ore, Fastmarkets has heard.
31 January 2020
Suresh Nair
Just as China and the United States started to reach a deal and trade tensions eased, providing some longed-for certainty, the novel coronavirus (2019-nCov) has again increased fear and uncertainty in the steel and feedstock markets.
31 January 2020
Miriam Falk
Turkish deep-sea scrap import markets were quiet at the end of the week, with mills seeking lower prices, sources told Fastmarkets on Friday January 31.
31 January 2020
Cem Turken
