Scrap

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Vietnam imported scrap offers up USD 5-10/MT W-o-W: Offers for imported scrap to Vietnam have observed a slight increase this week on account of ongoing strengthening in the Japanese scrap market as well as the recent surge witnessed in fresh trades to Turkey.
News ID: 8024    Publish Date : 2019/12/16

In Oct’19, Philippines billet imports were recorded at 224,452 MT to register a growth of 42.1 % against Sep’19. Meanwhile, country’s imports have registered a Y-o-Y growth of 8.9% during the same period under consideration. During Oct’18 the country’s imports were at 206,148 MT
News ID: 8020    Publish Date : 2019/12/18

Bangladesh scrap market has turned active in terms of bulk scrap bookings. The steel market has witnessed another fresh bulk cargo bookings this week.
News ID: 7964    Publish Date : 2019/11/29

Dongkuk Steel Mill one of the largest EAF steel producers in South Korea has reportedly booked a bulk vessel of 10,000 MT cargo from Russia, for A3 grade scrap. The booking has reportedly been concluded at price level of USD 265/MT CFR South Korea.
News ID: 7960    Publish Date : 2019/11/29

India's imported scrap market has remained mostly silent with buyers generally keeping away from concluding any deals. Offers for imported scrap remained more or less in a similar range, however, some participants believe in a likelihood of an upward movement in prices in the coming week, after a rise in Turkish prices this week.
News ID: 7958    Publish Date : 2019/11/29

According to a recent report, the Aluminium Association of India has urged the government to raise basic customs duty across all aluminium products in a range of 2.5 per cent to 5 per cent for restricting metal scrap imports. The association suggests the duty to be incorporated in the upcoming Union Budget for the financial year 2020-21.
News ID: 7940    Publish Date : 2019/12/13

Japan, a key producer of aluminium semi-finished products, which procures its aluminium through import and secondary recovery produced 67,000 tonnes of secondary aluminium in the month of September, Japan Aluminium Association data shows.
News ID: 7896    Publish Date : 2019/12/10

Turkish steelmakers have maintained real term spreads between scrap purchases and rebar sales at around $170/t throughout November and December, despite the spread between current scrap and rebar prices dropping to below $150/t this week.
News ID: 7805    Publish Date : 2019/12/06

Arizona has granted prospective secondary aluminum smelter Alliance Metals an air permit, paving the way for the next steps in the project that is expected to break ground in mid/late 2020.
News ID: 7781    Publish Date : 2019/12/04

Reprocessing is the first production step: Integration of shredding machines into foundry plants
News ID: 7757    Publish Date : 2019/12/04

More European hot-rolled coil (HRC) producers have lifted offers, but increases are expected to solidify after Christmas as most buyers have covered their requirements for January.
News ID: 7756    Publish Date : 2019/12/03

Trailblazers Life Choices has been saving pull tabs from beverage cans for various charities to aid in the purchase of wheelchairs. The organization has been already successful in its efforts. Trailblazers is a non-profit agency dedicated to supporting adults living with disabilities operating since 2005.
News ID: 7701    Publish Date : 2019/12/02

As per the new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has hiked its scrap purchase bids by JPY 500/MT (USD 5) at all of its 5 works, coming days after the last price hike, Japanese scrap market seems to finally be in the uptrend again. The new prices for all grades shall be effective from tomorrow (19th Nov'19).
News ID: 7656    Publish Date : 2019/11/18

Japanese leading electric-arc steel manufacturer, Tokyo Steel Manufacturing Co Ltd, has announced a roll-over in its steel prices today for the Dec deliveries.
News ID: 7654    Publish Date : 2019/11/18

Indian steel prices drop further during the week-46 (9-16th Nov'19) on account of poor lifting and lessened inquiries. As per mid sized mills, this week demand was not upto the mark, hence the prices drop slightly.
News ID: 7601    Publish Date : 2019/11/16

Indonesia has placed a temporary moratorium on all scrap imports with an inspection date after 22 November as the government begins the implementation of new import regulations.
News ID: 7514    Publish Date : 2019/11/21

Regulatory setbacks continue to plague European Metal Recycling's (EMR) newly opened deep-sea ferrous scrap export dock in Somerset, Massachusetts, with the company still unable to receive scrap shipments.
News ID: 7504    Publish Date : 2019/11/22

Spreads between US domestic ferrous scrap prices in the south and north are the widest in over a year, highlighting a broader shift as southern US electric arc steelmaking capacity grows.
News ID: 7483    Publish Date : 2019/11/15

Domestic supply of ferrous scrap in Ukraine remained below steelmakers' requirements, despite the introduction of a higher scrap export duty in April, driving mills to seek seaborne material.
News ID: 7458    Publish Date : 2019/11/14

Indian steel market observed surge in price range in week 45 (2-9th Nov'19) amid improved trade volumes, as stated by market participants.
News ID: 7416    Publish Date : 2019/11/09

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