Scrap Price Bulletin is part of Fastmarkets

Scrap processor TSR will supply aluminium flat-roller Novelis with high-grade European aluminium scrap that can serve as a “sustainable P1020 substitute,” a TSR executive told Fastmarkets on Thursday October 10.

Fastmarkets has corrected MB-STE-0894 steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey, $ per tonne, which was published incorrectly on Monday October 7.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our October survey

The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

UK export volumes of steel scrap to India have fallen in the current quarter, although sources in the British scrap industry said that other destinations should be able to take up the excess, Fastmarkets heard on Wednesday September 25.

The recycling of lithium iron phosphate (LFP) batteries remains at a nascent stage in Europe as we approach LME Week 2024, with weak lithium prices and a lack of buyers for LFP black mass keeping its economic viability low.

Critical metal refiner Nth Cycle became the first company in the US to produce premium nickel-cobalt mixed hydroxide precipitate (MHP) this week, when it began commercial-scale operations on Monday September 9

Once complete, the green rebar mill will be the first of its kind in North America.

Fastmarkets will relist its assessment of the MB-CU-0042 Copper scrap light copper, dealer buying price, delivered to yard Toronto, Canadian cents/lb.

The publication of MB-STS-0012 UK domestic 5C steel scrap prices for Friday September 6 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated.