Market participants expect prices for aluminium scrap and secondary ingot to remain robust in 2022, with demand from the automotive sector anticipated to pick up by the second half of the year. Despite a recent sharp decline in price levels for European secondary ingot DIN226, participants are hopeful that higher levels will return in the […]

China’s road to decarbonization caused quite a stir in the steelmaking raw materials segment in 2021, and market participants expect more uncertainties in 2022

As demand for ferrous scrap climbs in response to steelmaking capacity growth in the United States, large US steel producers and scrap processors are making strategic acquisitions to secure supplies, while keeping an eye on scrap export levels too, reports Myra Pinkham

A quest to lock up shredded and prime grades of ferrous scrap in the United States went into high gear in 2021.

Fastmarkets looks at some of the dynamics that could come into play in 2022 for the US ferrous scrap market

The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.

Steelmakers in South Korea have been priced out of the deep-sea scrap market following deals by mills in Vietnam and Bangladesh over the past week, sources told Fastmarkets on Friday September 17.

Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.

Interest for ferrous scrap imports in Vietnam has increased during the week to Friday September 10 due to rebounding billet prices in China, sources told Fastmarkets.

Poor demand in key import markets in Turkey and Asia continued to pull steel scrap prices downward in the week ended Friday September 3. High freight costs and a lack of container ships also damped spot trading liquidity.