The publication of Fastmarkets’ Bangladesh steel scrap import price assessments for Thursday December 21 were delayed due to a technical error.

Demand for ferrous scrap rises in North America is surging and competition in the region for scrap and iron metallics is hotting up

Fastmarkets has issued a correction to its MB-STE-0336 steel scrap shredded auto scrap, consumer buying price, delivered mill Hamilton, which was published incorrectly on Tuesday December 12.

Fastmarkets advises that, as of Friday December 8, it has not settled its assessments of certain monthly regional ferrous scrap markets.

What’s the market sentiment for December? Read on for a summary of the results of our US ferrous scrap market survey for December, or click here to download your copy of the full US Scrap Trends Outlook for December 2023. The US ferrous scrap market is hotting up in winter months Significantly depressed scrap flows […]

The consumption of steel scrap in the United Arab Emirates (UAE) was expected to rise sharply in the coming years amid expansions in steelmaker capacities to feed greater steel demand

Please note Fastmarkets has corrected its index assessments for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, MB-STE-0416, and steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, MB-STE-0417, which were published incorrectly on Thursday November 9.

Fastmarkets proposes to amend the publication time of its Bangladesh steel scrap import price assessments to 4pm UK time from 5-6pm Singapore time currently.

US steel scrap prices ahead of November trade The Trend Indicator has rebounded into bullish territory, at 61.4 for November compared with a resolutely bearish 45.6 in October. This month’s indicator is at its highest since March’s outlook, when it was 65.2. The Outlook’s prediction model allows for an average month-on-month price increase of 5.1%. Respondents […]

Fastmarkets launches an index for the domestic ferrous scrap market in the United Arab Emirates (UAE) on Tuesday October 17.