China will implement an additional 5pc tariff on imports of US copper scrap, increasing the total tariff to 30pc, effective 15 December.
News ID: 6187 Publish Date : 2019/08/26
In conversation with the market participants, SteelMint learned that after returning post Eid holidays, the imported scrap offers to Bangladesh have continued to slide down this week, with decent trades being reported even as few of the participants have not fully returned back. Domestic market observed downtrend in prices on overproduction of finished steel exceeding the current demand.
News ID: 6179 Publish Date : 2019/08/26
SteelMint learned from sources that Taiwan’s domestic scrap and rebar prices have finally come down after remaining flat for 5 weeks’ period.
News ID: 6159 Publish Date : 2019/08/25
SteelMint learned from industry participants that Turkish imported scrap market has opened up after witnessing absence for Eid al-Adha holidays last week. Steelmakers have returned to the market however, no major deal has been reported yet. Weak demand for Turkish finished steel in the global market continues to put pressure on the margins of Turkish steelmakers, consequently inching down imported scrap prices further.
News ID: 6156 Publish Date : 2019/08/25
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened further after the market inquiries resumed recently post-Eid holidays, as global markets have been on a downtrend since a couple of weeks, along with low demand in the domestic market. Trades are expected to pick up in the coming week as the market has observed slow returning.
News ID: 6154 Publish Date : 2019/08/25
China will implement an additional 5pc tariff on imports of US copper scrap, increasing the total tariff to 30pc, effective 15 December.
News ID: 6143 Publish Date : 2019/08/24
The Japan-South Korea trade dispute has halted spot sales of Japanese ferrous scrap to South Korea over risks from new radiation checks. Japanese sellers are weighing alternate markets for around 2mn t of scrap in the second half of 2019.
News ID: 6082 Publish Date : 2019/08/22
Indian long steel market observed surge in price range this week, however trades not upto the mark amid sufficient supply and lessened export inquiries.
News ID: 6049 Publish Date : 2019/08/19
The SE Asian billet import market remained silent this week. No deals were reported this week. The market was quite due to weaker sentiments. This week South East Asia’s billet import assessment stands at around at USD 440-445/MT, CFR, down USD 5/MT against last week.
News ID: 5983 Publish Date : 2019/08/16
Imported scrap offers to South Asia plunge below 2 years low levels on limited demand
News ID: 5981 Publish Date : 2019/08/16
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 30/MT (USD 4) effective from today 8th Aug’19. Notably, this is the second successive price lowering announced this week.
News ID: 5974 Publish Date : 2019/08/16
In a recent policy transition observed in ferrous scrap industry, the South Korean customs service department has increased their inspections on imported ferrous scrap from Japan, the largest scrap supplier to the country.
News ID: 5966 Publish Date : 2019/08/16
SteelMint learned from industry participants that Turkish imported scrap market has resumed scrap booking at corrected prices after almost a week's pause. Weak finish steel sales continue to put pressure on sentiments despite rise in domestic scrap prices in the central and Midwest region in US.
News ID: 5927 Publish Date : 2019/08/15
SteelMint learned from sources that Taiwan’s domestic scrap and rebar prices have remained flat for the fifth consecutive week amid limited domestic finish steel demand. Steelmakers anticipate imported scrap prices to remain under pressure on weak sentiments globally amid ongoing Eid holidays keeping domestic scrap & rebar prices unchanged in Taiwan.
News ID: 5925 Publish Date : 2019/08/15
US tungsten carbide scrap prices fell to the lowest level in more than a decade amid a decline in ammonium paratungstate (APT) prices and historically large volumes of virgin and scrap tungsten carbide inventory.
News ID: 5875 Publish Date : 2019/08/12
German long steel producer BSW has informed its ferrous scrap suppliers that it will halt production for 10 days in mid-to-late August.
News ID: 5871 Publish Date : 2019/08/12
The steelmaker has lowered its domestic scrap purchase price for two of its works, on account of recent currency appreciation of Japanese Yen against US Dollar.
News ID: 5860 Publish Date : 2019/08/08
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened on account of slow buying activity in the country, as well as silence being observed in the global scrap market. Slow domestic demand due to upcoming Eid holidays and recent FBR enforcements have kept the trades limited. Participants eye further marginal correction in prices as traders have come under pressure.
News ID: 5858 Publish Date : 2019/08/08
China's imports of iron-based metallics have increased at their fastest pace since 2012, as the country's steel producers seek to control pollution and find alternatives to scrap and iron ore.
News ID: 5823 Publish Date : 2019/08/07
New copper wire chopping capacity that came on line in the US over the last two years sought to convert an abundance of insulated wire into exportable, higher-quality grades in response to tougher scrap import standards from key consumer China.
News ID: 5820 Publish Date : 2019/08/07