Indian secondary steel billet prices have risen by 900 rupees ($12) per tonne in the current week on higher costs for basic raw materials such as direct-reduced iron (DRI), coupled with increased buying of semi-finished steel by makers of long products.

Prices for steel scrap imported into China rebounded after bullish sentiment dominated Chinese steel markets on Friday June 11, sources told Fastmarkets.

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.

As demand for ferrous scrap climbs in response to steelmaking capacity growth in the United States, large US steel producers and scrap processors are making strategic acquisitions to secure supplies, while keeping an eye on scrap export levels too, reports Myra Pinkham

Turkish scrap import prices have gone down, as expected, with news of a UK cargo being sold at the end of last week coming to light on Thursday March 25.

The latest news and price moves to start the Asian day on Wednesday September 19.

Member mills of the China Iron & Steel Association (Cisa) raised their finished steel production from January 21-31, from the preceding 10 days, according to data published by the association on Wednesday February 3.

Sustained demand for containerized ferrous scrap imports in the key Taiwanese market should continue to support prices in the near term, market sources told Fastmarkets.

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.