Flat-rolled steelmakers have more than 13 million short tons of new production capacity planned or under construction in the United States, but analysts do not foresee a glut depressing the market significantly in 2022

Imported steel scrap prices in key market Vietnam were lower this past week amid weak demand from steelmakers, which are facing depressed long steel prices in the domestic markets and high inventories

China imported a total of 552,892 tonnes of steel scrap in 2021, an increase of 1,938% from the prior year, according to the latest Chinese customs data. China has restricted imports of the steelmaking raw material since July 2019. It only began allowing certain grades to be brought in at the start of 2021. In […]

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 […]

Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.

The Turkish steel mills continued to limit their deep-sea scrap bookings in the week ended Friday July 16 due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.

Global scrap prices in the key markets diverged in the week to Friday June 18, with those in Asia moving upward, while Turkish scrap prices fell amid slow buying driven by uncertainty over finished steel sales.

Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.

The publication of Fastmarkets’ European aluminium scrap and secondary prices assessments for Friday April 30 have been delayed because of a technical issue.

Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Fastmarkets on Thursday April 15.