January 2020

EUROPE ALLOY STEEL SCRAP: Prices mostly stable on flat nickel cost

Austenitic stainless steel scrap prices in Europe were largely stable this week on relatively stable nickel costs, Fastmarkets heard on Friday January 17.

INDIA IMPORT SCRAP: Market drops in line with Turkish price plunge

The price of ferrous scrap imported into India dropped this week after a sudden sharp fall on the international scrap market had a knock-on effect, sources have told Fastmarkets.

UK SCRAP: Light iron market tracks higher monthly settlements

The inter-merchant spot market for light iron scrap in the UK was up by £5 ($6.53) per tonne in the week ended Friday January 17, tracking higher prices settled for monthly domestic deliveries to British consumers in January while steady export demand buoyed the country’s scrap markets.

DAILY SCRAP REPORT: Market awaits more deals to confirm new price levels

The Turkish deep-sea scrap markets were quiet at the end of the week, as market participants digested the latest sale, which sent prices down by $13 per tonne, sources said on Friday January 17.

CIS PIG IRON: Market firm on low availability but no sales

The pig iron export market in the Commonwealth of Independent States (CIS) remained firm on low material availability during the week ended Thursday January 16, although no sales were reported, sources told Fastmarkets.

IRON ORE DAILY: Brazilian fines prices gain amid supply jitters

Iron ore Carajas (IOCJ) and Brazilian blended fines (BRBF) transactions took place at higher prices on Friday January 17, in anticipation of limited supplies of both brands in February-March, traders told Fastmarkets.

ASIA FERROUS SCRAP: Asia takes lead in global price decline

Asia appears to be setting the trend in the global ferrous scrap market, with prices in Taiwan and Vietnam falling steadily since the start of the year before those in Turkey plunged toward the end of this week.

COKING COAL DAILY: Upcoming Lunar New Year break, potential import controls prompt price dips

Seaborne coking coal prices inched down on Friday January 17 because some participants in China have begun their Lunar New Year break early while others were holding off to consider the impact of import restrictions at the country’s ports, talks of which surfaced this week.

Southeast Asia billet import price moves on improving demand despite bearish outlook

Prices in Southeast Asia’s steel billet market fluctuated over the week to Friday January 17 amid improving demand from the Philippines, although market participants were bearish on price levels following the decline in ferrous scrap prices.

Vale suspends operations at Ferrous Resources mine

Brazilian producer Vale has halted operations at an iron ore mine at its subsidiary Ferrous Resources to allow for safety works, it said on Thursday January 16.