The Turkish steel producers resumed their deep-sea scrap purchases after the post-Ramadan holiday break with prices going up, while demand in Asia was also firm during the working week ended Friday May 29.
News ID: 9623 Publish Date : 2020/05/30
Imported scrap offers to Pakistan stood range bound this week, with a further slight improvement in trades being witnessed. Before Eid holidays from later this week and market closes, buyers look to make some bookings for late June shipments.
News ID: 9606 Publish Date : 2020/05/19
At least two deep-sea cargoes from the US and the UK were booked by Italian steelmakers over the past six weeks, as mills struggled to source domestic supply because of lockdown measures imposed to battle the Covid-19 outbreak.
News ID: 9281 Publish Date : 2020/05/01
Japanese ferrous scrap imports have surged this year in response to weaker domestic steel demand, and exporters are actively looking for more overseas markets to take a surplus of domestic scrap supply.
News ID: 9087 Publish Date : 2020/04/09
This week, SE Asia billet import market was reported with mixed sentiments, as China’s billet offerings has disturbed the sentiments in the region. Amid corona virus outbreak in China, the domestic billet prices of country have dropped down by RMB 300 (~ USD 45) which is at 3-year low levels; RMB 3000/MT including VAT. The event was the result of increased finished steel inventories which have reached to the 5 years high levels due to pandemic.
News ID: 9000 Publish Date : 2020/02/21
Imported scrap trades to India witnessed considerable improvement this week, with decent bookings being witnessed after slow activity in the previous couple of weeks. Offers from global origins continued to rise sharply, however buyer’s inquiries remained active, as mills looked to book some material in anticipation of further price hike.
News ID: 8996 Publish Date : 2020/02/21
Global ferrous scrap availability has diminished to such an extent amid supply shutdowns caused by the coronavirus outbreak that Turkish mills are now finding it increasingly difficult to source new cargoes, limiting their ability to drive prices down further.
News ID: 8984 Publish Date : 2020/03/31
The US imports of aluminium (crude metals and alloys, plate, sheets, bars, etc., and scrap) stood at 5.7 million tonnes in 2019, 9% less than those in 2018, according to the latest Mineral Industry Survey report from the US Geological Survey. Imports of crude metal and alloys, semi-fabricated products, and scrap reduced by 8%, 5%, and 20%, respectively, in 2019.
News ID: 8877 Publish Date : 2020/03/26
Trades in Indian steel market remained dull during the week-11 (7-14 March) owing to festive holidays of Holi. Limited trade volumes continue to weigh down prices.
News ID: 8824 Publish Date : 2020/03/14
Imported scrap Offers to Pakistan have plummeted over the last week, following a downturn at global levels as well as low bids and general disinterest from the buyers' side. This week, the buying activates remained the slowest among the last 4-5 weeks, although few odd bookings were concluded. Sudden currency depreciation also remained a concern.
News ID: 8812 Publish Date : 2020/03/17
The Italy-based aluminium alloy producer Raffmetal has extended this week’s shutdown through next week to permit employees a full two-week quarantine period amid the coronavirus pandemic.
News ID: 8808 Publish Date : 2020/03/20
Inland US containerized scrap exporters are feeling the pinch as intensifying impacts of the coronavirus pandemic impact export bookings and cause supply chain disruptions throughout North America.
News ID: 8743 Publish Date : 2020/03/17
This week, South Korea’s major EAF Steelmaker, Hyundai Steel has cut its purchase price for Japanese scrap amid low domestic market fundamentals in Korea as well as continued fall Japanese scrap price levels. Hyundai Steel has cut its bid by JPY 1000/MT (USD 9) against last week and its current bid for Japanese H2 stands at JPY 22,000/MT FOB (USD 212), in comparison to JPY 23,000/MT (USD 221) bid last week.
News ID: 8714 Publish Date : 2020/03/12
Turkey scrap imports dropped 9% Y-o-Y to 18.8 MnT in CY19 Import volumes from US and Netherlands observed increase, however bookings from UK fell in CY19. Country’s crude steel output fell 9.6% Y-o-Y to 33.7 MnT in CY19.
News ID: 8712 Publish Date : 2020/03/12
Trades via containers improved in Bangladesh, while the same slowed down in India and Pakistan this week. Hike in container freight rates over shortage continues to remain matter of concern.
News ID: 8709 Publish Date : 2020/03/12
Just days after the conclusion of 2 US origin Bulk cargoes by a major Chittagong Steelmaker, a fresh bulk vessel booking has been confirmed another Bangladeshi mill, further cementing the drop in imported scrap prices to South Asian markets.
News ID: 8617 Publish Date : 2020/03/03
Turkish imported scrap prices have slightly moved down, in a recent deep-sea cargo concluded yesterday. Turkish market for imported scrap had remained silent for over 10 days since the last major booking, with buyers bidding considerably low levels to pull down the prices.
News ID: 8615 Publish Date : 2020/03/03
Imported scrap offers to Pakistan have come down in the last few days, after continuous uptrend for more than 3 weeks. Recent bookings in other markets at lowered prices, including a deep sea cargo to Turkey and 3 bulk cargoes to Bangladesh, have pulled down offers, while container shortage situation has led to a reduction in the number of offers from most suppliers.
News ID: 8612 Publish Date : 2020/03/03
Imported scrap trades to Pakistan, which have been particularly strong since the last 10 days, received an additional boost after the confirmation of the bulk vessel booking after a gap of over 2 years. Although suppliers have successively been increasing offers on strong global market, active buying activities continued, with many mills looking to restock at feasible levels, given the uncertainty about price hike in the present market.
News ID: 8605 Publish Date : 2020/02/25
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker- Shagang Jiangsu Steel group has announced its first price cut in its scrap purchase price, after a gap of over 2 months since the last price revision on 9th Dec’19. For all major grades of domestic scrap, the company has lowered its purchase price by RMB 30/MT (USD 4) effective from today, 27th Feb’20
News ID: 8566 Publish Date : 2020/02/27