Iranian billet export offers witnessed a marginal increase amid active domestic demand. However, no export deals were reported during the week.
News ID: 8565 Publish Date : 2020/02/27
After rise in Japanese scrap export offers to Taiwan and Vietnam over the last week, now export offers to South Korean mills have also shot up recently, as Japanese scrap markets looks to strengthen.
News ID: 8564 Publish Date : 2020/02/27
Japan’s leading EAF mini-mill, Tokyo Steel has lowered its scrap purchase price by JPY 500/MT (USD 5) at its Kyushu works, while keeping its bids unchanged for the other 4 plants, as per the latest price circular. The new prices for all grades shall be effective from tomorrow (28th Feb’20).
News ID: 8561 Publish Date : 2020/02/27
The average price of US aluminum scrap exports dropped by 17pc in 2019, as non-China buyers made up a bigger percentage of US shipments compared to the prior year and Japanese ADC12 alloy prices dropped by 23pc.
News ID: 8553 Publish Date : 2020/03/03
Novelis Incorporation, the world-leading aluminium rolling and recycling company, announced on Monday, March 2, that it established a recycling system with one of its automotive customers in Lower Bavaria, Germany.
News ID: 8551 Publish Date : 2020/03/03
Severe logistical disruption and port congestion in China since the end of January has slashed the global availability of shipping containers, and many European exporters of non-ferrous scrap have warned of more delivery delays and further price increases in Asia-Pacific in the coming months.
News ID: 8473 Publish Date : 2020/02/24
The London Metal Exchange's (LME) Steel hot-rolled coil (HRC) fob China (Argus) futures has traded more than all of its other ferrous contracts combined this month.
News ID: 8315 Publish Date : 2020/01/23
China has approved a new quota for more than 35,000t of copper, aluminium and ferrous scrap imports for delivery in 2020.
News ID: 8248 Publish Date : 2020/01/08
The price outlook for 2020 in Asia's benchmark containerised ferrous scrap market Taiwan is notably less optimistic than in global bulk market leader Turkey, reflecting the extent to which Asian and Atlantic scrap trends are increasingly diverging.
News ID: 8218 Publish Date : 2020/01/06
Imported scrap offers to South East Asia remained stable amid thin trades owing to holidays. SteelMint learned from industry participants that many global yards have remained closed for ongoing winter vacations, while Japanese suppliers also remain closed till the 1st week of Jan'20.
News ID: 8216 Publish Date : 2019/12/30
Local scrap market in Bangladesh witnessed an uptick in sales, with most ship recyclers in Chittagong collectively hiking offers today. Ship yard’s melting scrap was sold at BDT 31,500/MT (USD 371) ex Chittagong and Ship plates (re-rollable) of 12-16 mm were sold at BDT 38,000-40,000/MT (USD 445-471) ex Chittagong. Prices have moved up by USD 15-20/MT W-o-W. New vessels being procured at higher prices as well as high imported scrap prices are likely to keep local scrap prices supported in the near future.
News ID: 8209 Publish Date : 2020/01/02
Imported scrap trades to Pakistan remained slow for another week with buyers staying away from actively procuring on sufficient bookings for Jan’20 shipments. Offers to Pakistan remained mostly stable in comparison to last week, with only few suppliers offering presently as most European yards remain closed for winter vacation.
News ID: 8186 Publish Date : 2019/12/31
US copper scrap spreads are expected to remain under pressure into 2020 amid continued lower demand from China because of restricted import licenses and quality inspections keeping US supply elevated.
News ID: 8174 Publish Date : 2019/12/31
A more volatile Turkish ferrous scrap deep-sea import price throughout 2019 has made it very difficult for European exporters to keep a stable margin and it is set to remain a major challenge in 2020.
News ID: 8151 Publish Date : 2019/12/30
Imported scrap trades to Bangladesh remained very slow this week as most suppliers didn’t have sufficient material to offer, with many yards being closed for winter vacations. Inquiries from buyers also remained limited on account of low slow steel market and sufficient inventories. Some industry participants expect the demand to improve by Jan next year with many mills requiring restocking.
News ID: 8144 Publish Date : 2019/12/26
Russian scrap offers to South Korea increased significantly, according to recent release reports. Offers to South Korea up by USD 15-20/MT as against last week, however, no fresh bookings at these levels have been concluded as yet.
News ID: 8139 Publish Date : 2019/12/27
Imported scrap trades to India witnessed some improvement this week, with several container bookings for HMS scrap being concluded in the western region on account of the domestic market showing improvement in billet sales and prices. Although offers continued to rise with the ongoing uptrend, market participants expect further improvement in buying activities from Jan’20 onwards amid positive signs from the finished steel market.
News ID: 8138 Publish Date : 2019/12/27
European aluminium scrap prices have risen through the final two months of this year, as Chinese demand for aluminium alloys boosted the market, but some alloy producers have warned that the market should be wary of the tightness of scrap metal supply going into 2020.
News ID: 8119 Publish Date : 2019/12/27
Prices have moved up by USD 40/MT in a month's time amid tight availability from yards during winters.
News ID: 8039 Publish Date : 2019/12/13
Medium scale mills in Bangladesh have inched down rebar offers amid slow trades. However raw material (melting scrap) prices continue uptrend.
News ID: 8038 Publish Date : 2019/12/13