Global ferrous scrap market witnessed an upwards trend for yet another week most of the major markets this week. Turkey observed one of its most active weeks in the last few months even as the prices kept climbing up every day, while offers for South Asian Markets increased by similar proportions although demand stood limited. Japanese Tokyo Steel observed hiked its scrap purchase bids this week, while China’s Shagang Steel dropped its purchase price.
News ID: 8032 Publish Date : 2019/12/14
Turkey: Imported scrap prices to Turkey have remained stable after inching up towards the beginning of the week, after a couple of deep-sea cargo bookings completed this week.
News ID: 7749 Publish Date : 2019/11/23
With hike in Turkey imported scrap prices, prices in South Asian markets also moved up sharply. However, trades remained slow on high offers. Imported scrap market remained slow in India mid ongoing Diwali festive season. Hyundai Steel resumed bidding for Japanese scrap this week after a couple of weeks, at similar price levels.
News ID: 7108 Publish Date : 2019/10/26
Global ferrous scrap market again witnessed a downward trend in most major markets. Turkey witnessed a marginal drop in prices in recent deep-sea cargo bookings at lower prices. South Asian markets witnessed healthy trade activities even as offers fell further. Japan's Tokyo Steel observed further cut in scrap purchase prices, while Kansai monthly Tender witnessed slight decline in winning bids. China's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6791 Publish Date : 2019/10/05
Global ferrous scrap market again witnessed a downward trend in all markets. Turkey observed a couple of deep-sea cargo bookings which pulled down the prices further. South Asian markets witnessed slight fall in offers amid slow trades. Japan's Tokyo Steel, as well as China's Shagang Steel, lowered their domestic scrap purchase price this week while Hyundai Steel also cut its bids for procurement of Japanese imported scrap.
News ID: 6477 Publish Date : 2019/09/21
Global ferrous scrap prices observe softening in almost all major markets on weak demand this week except East Asia. Turkey steelmakers booked a single cargo, however, Japanese scrap prices observe marginal correction in the monthly Kanto monthly export tender. Chinese scrap prices lowered successively on sharp fall in Iron ore prices with three price cuts announced for domestic scrap purchase by Shagang Steel.
News ID: 5991 Publish Date : 2019/08/17
Global ferrous scrap prices remained majorly rangebound on limited trades being reported. Turkey steelmakers remained totally silent, however, increasing domestic scrap prices in US and expected improvement in the Japanese scrap prices likely to pull spot scrap prices up in the coming days. Chinese scrap prices hit a record high with the recent hike announced for domestic scrap purchase by Shagang Steel.
News ID: 5767 Publish Date : 2019/08/06
Global ferrous scrap prices observed mix trend this week. Turkey has observed rebound by USD 12-13/MT in recent deals, following which global offers from US and European markets likely to revive reflecting in an increase in imported scrap prices in South Aisa and East Asia in upcoming days.
News ID: 4977 Publish Date : 2019/07/02
Global ferrous scrap markets continued to witness downtrend in almost all the major markets with most of the buyers following a cautious approach. Sharp drop in Turkey scrap import prices kept offers in South Asian and South East Asian markets under pressure.
News ID: 4892 Publish Date : 2019/06/24
Global scrap prices witnessed mixed trends this week. Prices continued downtrend following low demand in most of the markets except, Turkey. Following lowering of tariffs from earlier 50% to 25% on Turkey steel products by the US government, recovery in global scrap prices is expected in the upcoming days.
News ID: 4591 Publish Date : 2019/05/20
Major ferrous scrap markets exhibited an upward trend except for China. Prices moved up slowly amid positive sentiments in suppliers’ side and anticipation of a recovery in March demand in the near terms.
News ID: 4082 Publish Date : 2019/03/19