Casting light on Asia steel scrap markets with our free weekly service, giving you access to the latest Fastmarkets steel scrap prices and market analysis.
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Changes in the Asian ferrous scrap trade flows have seen imports in Taiwan and Vietnam shrink...
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Steelmakers in South Korea have focused on procuring steel scrap from their domestic market, along with some cut-price deals from Japan, over the past week, sources said on Friday November 20.
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Scrap supply tightness and continued purchasing of billets by China have continued to drive Vietnamese import prices up in the week to Friday November 20, market sources told Fastmarkets.
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Bangladesh is one of the world’s fastest-growing import markets for steel scrap. The country’s rapid industrialization in recent years and its lack of natural steelmaking raw material resources mean that scrap imports - in addition to domestic material - are of high importance to the country’s steelmakers.
View whitepaperSteel scrap Taiwan cfr HMS 1&2 (80:20) US origin, containerized, $/tonne (MB-STE-0464)
Steel scrap Vietnam cfr HMS 1&2 (80:20) deep sea bulk, $/tonne (MB-STE-0783)
We price metal markets across an extensive range of steel, scrap and raw material products used by companies actively buying, selling and trading across the global supply chain.
You can view lists of the steel, stainless steel, scrap and raw materials prices we cover by clicking on the links below:
Since the beginning of 2020, Fastmarkets has rapidly expanded its coverage of Asia steel scrap markets.
It has launched new steel scrap prices for key markets such as Bangladesh, Japan and South Korea to complement established benchmark prices for the Taiwan, Vietnam, India and China markets to give Fastmarkets subscribers a complete picture of Asian scrap markets.
Fastmarkets has published metal price benchmarks since 1882 and continues to provide comprehensive, transparent and market-reflective prices aligned with IOSCO principles each and every day.
Our trusted ferrous scrap prices are used in contracts, as references in negotiations or as the basis for exchange-linked derivatives in Asia, Europe and the US.
Fastmarkets’ adherence to IOSCO principles ensures that our price assessments are standardized and impartial, with accountability measures built in and confirmed by independent, external auditors. Every price reporter working for Fastmarkets has completed full training on compliance and pricing to IOSCO standards.
This means that you, your business and the rest of the global ferrous scrap supply chain can have complete confidence in our prices.
We are constantly looking at ways to improve our pricing mechanisms to reflect the changing demands of physical markets. Constant engagement with all aspects of the supply chain make this possible. We will continue to evolve our steel scrap pricing mechanisms in line with industry standards and will continue to work with the market to provide credible and transparent pricing tools.
