A handful of recent cargoes of shredded steel scrap have successfully cleared through Chinese ports, raising hopes across the market that China may start to import more of this key material grade in the near future.

Fastmarkets has corrected its weekly steel wire rod export, fob Black Sea, CIS assessment, which was published erroneously on Monday May 24 due to an input data submitted by a data submitter by mistake. The data submitter subsequently corrected their submission, leading to Fastmarkets amending the price assessment.

Turkish steel producers continued to book deep-sea scrap for July shipments at higher prices on Monday May 24 even as market sentiment turned negative, sources told Fastmarkets.

Turkish steel scrap import prices have so far held firm despite a sharp drop in China’s steel and scrap markets this week.

Turkish steel producers skipped the last working day of the week with no deep-sea bookings, market participants told Fastmarkets on Friday May 21.

Seaborne coking coal prices were largely stable in the cfr market after more market participants became cautious in a fluctuating ferrous market while in the fob market, they maintained the uptrend on Friday May 21 due to increased buying interest, market sources told Fastmarkets.

A summary of results for the lithium division of Chilean producer Sociedad Quimica y Minera (SQM) for the first quarter of 2021, taken from its quarterly update published on Wednesday May 19 and its earnings conference call on May 20.

Panic selling in the major Vietnamese hot-rolled coil import market has let prices dip below $1,000 per tonne cfr Vietnam for SAE1006-grade materials this week, sources said on May 21.

Cooling sentiment in the entire ferrous supply chain in Asia has cooled import prices for containerized ferrous scrap in the key Taiwanese market, sources said on May 21.

Import prices for steel scrap to Bangladesh continued to rise during the week to Thursday May 20, with buyers increasingly searching for tonnages, sources told Fastmarkets.