Three additional US steelmakers raised sheet prices by $40/st over the last day, mirroring an initial increase by ArcelorMittal yesterday.
News ID: 7000 Publish Date : 2019/10/25
Global ferrous scrap market witnessed a downward trend for yet another weeks in most major markets. Turkey witnessed further prices drop on a few deep-sea cargo bookings at lower prices. All South Asian markets witnessed fall in offers, with India seeing improvement in Buying activity. Hyundai Steel again cut its bids for procurement of Japanese imported scrap, while Japan's Tokyo Steel and China's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6596 Publish Date : 2019/09/28
Global ferrous scrap market witnessed steep downtrend in almost all major markets this week. As Turkey’s recent bookings plunged the global prices in the middle of this week, South Asian markets quickly followed the declining trend in prices, while India observed a slight improvement in terms of demand. Japan's Tokyo Steel lowered its scrap purchase price twice this week while South Korea's Hyundai steel lowered its bids after a 2 months gap. China's Shagang Steel hiked its purchase bids on a marginal rise in steel prices.
News ID: 6418 Publish Date : 2019/09/07
Global ferrous scrap prices showed mixed trends in major markets this week. Japanese scrap prices begin rising with Tokyo Steel raised its scrap purchase bid, however, South Korea's Hyundai Steel remained silent. Turkey observed stability in prices against last week, while South Asian markets witnessed slowing down in trades thus keeping prices almost flat.
News ID: 5645 Publish Date : 2019/08/01
Global ferrous scrap prices showed stability in major markets with indications of prices bottoming out in the Japanese market in the coming days. US suppliers from west coast remained comparatively active offering bulk to South East Asian markets than east coast sellers offering to Turkey and South Asia. Chinese domestic scrap prices rise on supply tightness.
News ID: 5472 Publish Date : 2019/07/25
Global ferrous scrap prices observed mixed trend this week. Turkey observed softening on a standoff between buyers and sellers which has resulted in a sharp correction in global offers towards the closing of the week.
News ID: 5236 Publish Date : 2019/07/17
Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.
News ID: 4364 Publish Date : 2019/04/20
Major ferrous scrap markets exhibited firm sentiments in terms of offers this week. Turkish steel mills resumed US scrap bookings after a short break at stable prices amid stabilized sentiments in rebar markets. Suppliers in US, UK and Europe remain optimistic about prices on tight supply situation.
News ID: 4156 Publish Date : 2019/03/26
This week major scrap markets observed bearish sentiments witnessing decline in prices except Japan where prices moved up sharply.
News ID: 3978 Publish Date : 2019/03/12
Global scrap markets remained slow this week on weak demand and limited trading activities. Turkish steel mills hold scrap buying resulting in prices to stand almost flat.
News ID: 2998 Publish Date : 2018/12/20
This week observed more cargoes being booked by Turkish scrap importers at slightly higher prices. This pushed up global scrap offers in other Asian markets like Taiwan, India, Vietnam, Pakistan and Bangladesh.
News ID: 2220 Publish Date : 2018/09/22