A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets

RCP sellers are encouraged by the slow pick-up in packaging demand and OCC price trends.

The 2022 Singapore Steel Forum, located in the plush surroundings of the iconic Marina Bay Sands hotel, provided the ideal setting for market participants to discuss the hottest steel topics of the day last week

Prices for United States-origin steel scrap were easily undercutting those for Japan-origin material in the markets of Taiwan and Vietnam this week, market sources told Fastmarkets on Wednesday May 4

India’s expanding recycling sector will look to capitalize on the opportunity presented by ambitious carbon neutrality targets in the country, according to the Material Recycling Association of India (MRAI)

Japanese buyers are increasing their bids for ferrous scrap to prevent exports of the steelmaking raw material, hoping to feed domestic steel production amid solid demand and healthy margins

Export demand is pushing up all North American recovered paper prices

Key Asian markets Taiwan and the Philippines will have to rely more on higher-priced steel billet from Southeast Asia if they can no longer procure Russian material amid the ongoing Russia-Ukraine conflict, according to sources

Major RCP suppliers are relocating tonnage from SEA to India, sapping the availability in the SEA market

Supply disruptions and pulp shortages are influencing rising prices