Although Turkish prices for imported scrap witnessed slight uptick, offers South Asian markets increased sharply however trades remained very weak on subdued domestic steel demand. Japan’s Tokyo Steel and China’s Shagang Steel not made price revisions this week.
News ID: 7372 Publish Date : 2019/11/02
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 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 ferrous scrap markets witnessed downtrend in all the major markets amid limited demand this week. Further price correction in Turkey pulled down global ferrous scrap offers also for South Asian and East Asian markets.
News ID: 4834 Publish Date : 2019/06/18
SteelMint learned from industry participants that containerized scrap trades to South Asia remained limited on account of low demand and to have more clarity after the recent price hike in the global market.
News ID: 4576 Publish Date : 2019/05/19