Scrap and secondary news
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STEEL SCRAP WRAP: Prices soar to record highs amid short supplies
Steel scrap prices have risen again across all major consumer markets over the past week, driven by solid demand and constrained supplies.
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SOUTH ASIA STEEL SCRAP: Prices push higher in ‘extremely difficult’ market
The price of shredded steel scrap imported jumped by almost $30 per tonne on Friday December 18 due to continued tightness in container availability and a strong international market, sources...
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VIETNAM STEEL SCRAP: Booming global prices support import market
Surging scrap and steel markets around the world are providing much support to ferrous scrap import prices in Vietnam, sources told Fastmarkets in the week to Friday December 18.
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JAPAN STEEL SCRAP: Greater interest from Korea, Taiwan buoys export prices
Renewed buying interest from consumers in South Korea and Taiwan has allowed another increase in Japanese export scrap prices over the past week, market participants told Fastmarkets on Wednesday December...
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SOUTH ASIA STEEL SCRAP: Shredded crosses $400/t mark
The price of shredded steel scrap imported into India and Pakistan crossed $400 per tonne on Friday December 11 as a result of high international prices and tight shipping availability,...
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TAIWAN STEEL SCRAP: Prices at historical high on shipping delays, buyers seek bulk imports
Spot import prices for containerized ferrous scrap into Taiwan hit a historical high in the week to Friday December 11, because of delays to shipments from the United States West...
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Japanese BF restarts to raise high-grade steel scrap use
Consumption of Japanese high-grade steel scrap will continue to increase in the coming months following the reboot of several blast furnaces (BFs) which were idled earlier in the year, market...
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Aurubis' annual earnings surge on higher copper scrap RCs
Aurubis, Europe's biggest copper producer, posted improved earnings in its latest annual results, largely thanks to higher scrap refining charges (RC) since its acquisition of recycling firm Metallo in May...
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BANGLADESH STEEL SCRAP: Containerized shredded prices break $400/t cfr
Small and medium-sized steel mills in Bangladesh have been forced to re-enter the market for scrap at high prices, market participants said on Thursday December 3.