Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has slashed its price for procurement all grades of domestic steel scrap by RMB 40/MT (USD 6) effective from today 20th September’19.
News ID: 6474 Publish Date : 2019/09/20
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered its scrap purchase price by JPY 500/MT (USD 5) at its Utsunomiya plant in Kanto region, while the prices at its other 4 plants remain unchanged. This being the 2nd price cut by the company in Sep’19, the domestic scrap market in Japan continues its sharp downtrend, while the new prices for all grades shall be effective from today (13th Sept'19).
News ID: 6460 Publish Date : 2019/09/12
The global billet market sentiments are getting weaken with every passing day. Sharp drop in the offers of two billet export majors’; CIS nation and Iran, was witnessed this week. The current billet export offers from the two are USD 355-360/MT, FoB. Although, no deals were reported at this offer. However, last deal was reported to MENA region from CIS nations at around USD 365/MT, FoB, Black Sea.
News ID: 6451 Publish Date : 2019/09/11
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by RMB 80/MT (USD 11 ) effective from today 10th September’19.
News ID: 6447 Publish Date : 2019/09/10
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered its scrap purchase price by JPY 500/MT (USD 5) at 4 out of its 5 plants today, except for Kyushu works. This comes as the 3rd price lowering by the company this month, while the new prices for all grades shall be effective from tomorrow (11th Sep’19)
News ID: 6446 Publish Date : 2019/09/10
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have moved down significantly over the last 2 weeks, amid recent global downturn and slow demand domestically.
News ID: 6444 Publish Date : 2019/09/10
As per the market sources, Chinese steel makers have scaled back their operations for the ongoing month of September due to scrap shortage, high costs and lower steel prices that have kept the manufacturers on the verge of losses.Chinese steel producers have increased scrap input in the BOF to meet stringent pollutant emissions standards.
News ID: 6436 Publish Date : 2019/09/09
This week global billet market witnessed less trades with a few deals in Middle East from CIS. Rest all prime markets remained silent. Sharp plunge in global scrap prices turned market sentiments gloomy in global billet market.
News ID: 6419 Publish Date : 2019/09/07
Prices have come down by around USD 15-20/MT in a week's time with couple of deals being reported to Turkey yesterday.
News ID: 6377 Publish Date : 2019/09/04
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from 30 Aug'19. Notably, this is steel mills' 2nd price cut in a week's time. Prior to this, the company had cut prices by RMB 60 two days back. Falling billet & steel prices resulted in lowering of scrap purchase prices.
News ID: 6375 Publish Date : 2019/08/31
This week global billet market observed few deals in SE Asia. Rest all prime markets remained silent. SteelMint tried to scrutinize the trade silence in prime markets other than SE Asia and learned dipping global scrap prices and slow down in the global economy are the prime reason for this fall.
News ID: 6374 Publish Date : 2019/08/31
Global ferrous scrap market observed downtrend in almost all major markets this week. Turkey observed further fall in prices in this week's cargo bookings, while south Asian markets continued to follow the downtrend. Japan's Tokyo Steel, as well as China's Shagang Steel, lowered their scrap purchase price twice this week while South Korea's Hyundai steel booked Japanese cargo last week after a gap of few weeks.
News ID: 6372 Publish Date : 2019/08/31
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have moved down considerably on account of a continuous global downturn, however, buyers are targeting further correction as buying interest continues to remain lower. Domestic sales remained slow ahead Muharram coupled with heavy rainfall keeping demand low.
News ID: 6357 Publish Date : 2019/09/03
The SE Asian billet import market reported dull this week. No deals were reported this week. The SteelMint analyzed the dim-witted situation in the region and learned; there is disparity between the offers and the buying interest, which has left the SE Asian market with no deals.
News ID: 6287 Publish Date : 2019/09/03
China's ferrous scrap consumption totalled 101.1mn t in this year's first half, up by 15.3pc from a year earlier on the back of higher scrap feed in the basic oxygen furnaces (BoF) of blast furnace-based steel mills.
News ID: 6213 Publish Date : 2019/08/28
Global availability of deep-sea ferrous scrap bulk cargoes is poised to rise next week, adding to the growing pressure on the Turkish scrap import price over the past three days.
News ID: 6209 Publish Date : 2019/08/28
In conversation with industry participants, SteelMint learned that Indian imported scrap market has maintained total silence over the current week, amid continued downtrend in the domestic steel market of the country. Nonfeasibility of imported scrap due to ongoing downfall in the domestic fundamentals has kept buyers away, even as offers have fallen to 2 years low levels.
News ID: 6203 Publish Date : 2019/08/28
This was the consecutive week of the month in which the country witnessed no trades. The billet export offers from the country also got soften to USD 380-385/MT, FoB, down USD 5/MT against last week. The prime reason for the trade silence in the country is dipping raw material prices.
News ID: 6199 Publish Date : 2019/08/27
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced price hike for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from yesterday 21st Aug'19. Notably, after witnessing successive 4 price cuts by a total RMB 160 in the first two weeks of Aug’19, the steelmaker has lifted scrap prices on environmental issues and tightening supply again.
News ID: 6196 Publish Date : 2019/08/27
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have observed correction after returning from Eid holidays amid recent softening in finished steel & billet steel futures in China.
News ID: 6194 Publish Date : 2019/08/27