November 2019

WEEKLY SCRAP WRAP: Global markets see higher prices but US absent for holiday

Global scrap prices returned to growth during the week ended Friday November 29, with trading continuing in all the major scrap markets except the United States, which was quiet due to its Thanksgiving holiday,

Brazil's slab export price stays on uptrend in deals to North America

The export price for Brazilian steel slabs continued its uptrend during the week ended Friday November 29 with more expensive offers to North America starting to be accepted, market participants told Fastmarkets.

UK SCRAP: Light iron market steady on export price gains

The inter-merchant spot price for light iron scrap in the UK was unchanged in the week ended Friday November 29, based on a steady increase in European export prices to Turkey and regular demand from major British shredders, trade sources told Fastmarkets.

EUROPE ALLOY STEEL SCRAP: Prices steady in quiet market

Austenitic alloy steel scrap prices in the UK domestic market were largely stable this week because low demand was matched by dwindling supply, sources said on Friday November 29.

Indian domestic billet prices dip on reduced buying

Indian domestic secondary billet prices continued to be subdued during the week ended Friday November 29 with makers of long steel products reducing their purchases of semi-finished material.

GLOBAL FERRO-SILICON SNAPSHOT: European supply worries fuel further price increase

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 29

EUROPE STAINLESS STEEL: Prices edge down ahead of expected plunge on December surcharges

The price of grade-304 stainless steel flat products in Europe widened downward this week in anticipation of much more substantial decreases in December, when mills were expected to bring into effect significantly lower alloy surcharges, Fastmarkets heard on Friday November 29.

CIS STEEL BILLET: Market rises on new bookings, higher scrap costs

Prices in the CIS export billet market continued to climb in the last week of November, supported by the continuing uptrend in the international scrap market.

INDIA IMPORT SCRAP: Prices inch up on lack of material

The price of ferrous scrap imported into India climbed by less than $1 per tonne this week while market participants struggled to source material, they told Fastmarkets.

Indian mills raise HRC export price on better domestic demand

Indian hot-rolled coil producers have increased their export prices for the commodity by at least $10 per tonne in the past week, citing higher demand and raised prices in the domestic market.