After assessing market feedback, Fastmarkets is extending the consultation period for its proposal to launch a price assessment for Turkish imports of steel slab on a cfr main ports basis
Steelmaker Arvedi is in the process of purchasing fellow Italian stainless steel producer Acciai Speciali Terni (AST) from Thyssenkrupp, the German steelmaker said on Thursday September 16.
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.
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.
Turkish mills were largely inactive in the import scrap market over the week ended Friday August 27, while prices in key Asian markets were affected by the low levels of interest among mills for imported cargoes.
Prices for shredded steel scrap into Pakistan and India have decreased in the week to Friday August 27, sources told Fastmarkets.
Domestic prices for steel rebar in Russia’s Central Federal District widened downward by 3,500 roubles ($47) per tonne in the week to Monday August 23.
Here are five Fastmarkets stories you might have missed on Monday August 23 that are worth another look.
Turkish steelmakers skipped the first working day of the week with no deep-sea scrap trades, sources told Fastmarkets on Monday August 23.
Ferrous scrap buyers in Vietnam resisted higher offers for bulk cargoes from the United States in the week to Friday August 20 amid poor downstream demand, sources told Fastmarkets.
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