Scrap Price Bulletin is part of Fastmarkets

Shagang Group, China’s largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said

Exporters of steel scrap have continued to explore alternative destination markets for sales of deep-sea scrap cargoes because of the slump in prices in Turkey, sources said in the week ended Friday June 24

A wide variety of factors have contributed to “a really shaky period” in international trade, delegates heard at the 86th meeting of Irepas, the International Rebar Producers & Exporters Association, held in Istanbul, Turkey, on May 29-31, 2022

Steel Dynamics Inc (SDI) is aiming for its new $1.9-billion electric-arc furnace (EAF) mill in Sinton, Texas, to be operating at 80% capacity by the third quarter before hitting full capacity by year-end, chief financial officer Theresa Wagler said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, on Monday June 6

The US ferrous scrap market is exhibiting signs of life this month after steel meltshops in the Southeast and in Detroit purchased prime and secondary grades of scrap at a $50-per-gross-ton discount compared with the May buy

India may become increasingly absent from the global seaborne steel markets following the introduction of an export duty at a rate of 15% on a raft of steel products, sources told Fastmarkets

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

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.