US metals recycler Schnitzer Steel anticipates lower ferrous and nonferrous scrap prices to continue into the first quarter of next year.
News ID: 6948 Publish Date : 2019/10/24
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price cut for all grades of domestic steel scrap procurement and decreased the bids by RMB 30/MT (USD 4) effective from today 14th October’19. This price cut comes after the company had hiked the purchase bids RMB 100/MT last week.
News ID: 6941 Publish Date : 2019/10/14
Chile's center-right government is rolling back an electricity rate increase as part of a package of extraordinary social measures aimed at quelling days of mass demonstrations, looting and infrastructure attacks.
News ID: 6893 Publish Date : 2019/10/23
British Steel's official receiver (OR) today said that Turkish pension fund Ataer Group's period of exclusivity to carry out due diligence on UK steelmaker British Steel was coming to an end.
News ID: 6886 Publish Date : 2019/10/23
US president Donald Trump today reduced by half the steel tariffs on Turkey, to 25pc, after saying that the five-day ceasefire in northern Syria had held "very well."
News ID: 6875 Publish Date : 2019/10/23
Indian spot steel trades remained limited during the week-41 (5-12th Oct'19). As per mid sized mills in major locations, inquiries & production both less than the average, hence there was slight change in prices.
News ID: 6865 Publish Date : 2019/10/12
According to customs data maintained with SteelMint, South Korean mills have registered a sharp increase in bulk scrap bookings from US. South Korea scrap import bookings from US have increased over four-fold to 66,753 MT in Sept'19 against 15,923 MT in Aug'19.
News ID: 6860 Publish Date : 2019/10/12
Global Ferrous Scrap prices witnessed mixed price trends this week. Turkey, China and South Asian markets observed a sharp rebound in prices of latest deals concluded. However on the other hand Japanese scrap prices in both domestic and export market observed a downturn.
News ID: 6859 Publish Date : 2019/10/12
SteelMint learned from industry participants that Bangladesh steel market has recently turned very active for bookings of bulk vessels of ferrous scrap, with a few new players also joining the bulk market, as the country is witnessing aggressive expansion spree in steel melting capacities.
News ID: 6819 Publish Date : 2019/10/08
SteelMint in conversation with sources learned that Hyundai Steel has booked 45,000 MT HMS 1 scrap from US recently for Dec shipment.The deal was learned to have concluded at USD 244/MT, CFR basis. It is to be noted that with recent booking, bulk scrap bookings have come down by around USD 30. Prior to this in mid Sept'19, Hyundai Steel booked 45,000 HMS 1 scrap from US for Nov shipment at USD 275/MT, CFR basis.
News ID: 6704 Publish Date : 2019/10/04
Imported scrap offers to India remained more-or-less stable this week, after observing successive downtrend in prices for several weeks, SteelMint learned from industry participants. Trades remained active in containerized as well as bulk market, with steel-mills looking to actively restock while the global market is down. With the improvement in overall sentiments, the market is expecting buying activity to rise further at buyer-friendly prices.
News ID: 6703 Publish Date : 2019/10/04
Imported scrap offers to Bangladesh continued to move down for another week, as persistent lower buying bids from most major steel-mills over the week helped in pulling down the prices further, SteelMint learnt from industry participants. Trades have remained slow in comparison to last week, with many buyers waiting for further stability in the market, however, buying is likely to pick up in the next few days at favourable prices.
News ID: 6697 Publish Date : 2019/10/03
This was the consecutive week when SE Asia billet import market was reported sluggish with offers dropping sharply. The billet import offers in the region were assessed at USD 385-390/MT, CFR down, USD 15-20/MT against last week. The falling Turkey's import scrap prices have managed to keep the market sentiments weak in the region.
News ID: 6696 Publish Date : 2019/10/03
A carbon border adjustment tax is likely to happen in the EU, but it could skew the playing field rather than level it, director general of the World Steel Association (Worldsteel) Edwin Basson told Argus on the sidelines of the association's general assembly in Monterrey, Mexico.
News ID: 6668 Publish Date : 2019/10/16
As US scrap dealers struggle to adjust to a rising influx of hard-to-sort, potentially valuable aluminum automotive scrap, rolling mills making body sheet say closed loop recycling is moving forward.
News ID: 6630 Publish Date : 2019/10/10
This week, global billet market reported trade active as China resumed billet imports due to on production cuts in the country. However, Turkey's imported scrap remained heftier market sentiments. Turkish imported scrap prices have fallen again after a couple of fresh deep-sea cargo bookings were signed at prices lower by a further USD 5-6/MT, SteelMint learned from market participants. After remaining firm for over a week, the recent decline has ensured that prices have now plunged by over USD 70/MT in the last 2 months.
News ID: 6600 Publish Date : 2019/09/28
The oversupplied primary aluminium and aluminium scrap market was the topic of discussion among the speakers at the 2019 Commodities Roundtable Forum, hosted by the Institute of Scrap Recycling Industries (ISRI) on Sept. 11-13 in Chicago.
News ID: 6546 Publish Date : 2019/10/05
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have followed the global downturn over the last couple of weeks and moved down further by USD 10-15/MT in last 2-weeks, however, the prices have shown some stability in the last few days.
News ID: 6484 Publish Date : 2019/09/23
SteelMint learned from market participants that Turkish imported scrap prices remain firm after the recent deep-sea cargoes bookings confirmed today. Amid the consistent drop in prices in the last several week, few industry sources consider it a stabilizing sign for the coming weeks.
News ID: 6482 Publish Date : 2019/09/23
This week, global billet market remained silent after a trade operative last week. Falling Turkey’s imported scrap prices were seen heftier over global billet market which has supported the price war in SE Asia. Turkish imported scrap prices have moved down sharply again this week after yesterday’s deep-sea cargo bookings were confirmed at prices USD 6-7/MT lower than the previous bookings, SteelMint learned from market participants.
News ID: 6480 Publish Date : 2019/09/21