March 2024

Scrap trading in Taiwan slows on limited demand at month-end

Imported scrap prices to Taiwan held firm for most of the week amid an active local rebar market, which then slowed on Thursday March 28 due to limited demand for the material at the end of the month.

Aluminium ADC 12 prices in China, Japan rise on limited scrap availability

Chinese domestic prices for aluminium alloy ADC 12 strengthened to a near three-month high in the week to Wednesday March 27, tracking higher prices for aluminium scrap and for futures contracts on the Shanghai Futures Exchange (SHFE), Fastmarkets understands.

Japanese steel scrap exports edge up on tighter scrap availability, modest demand recovery

Spot prices for Japanese ferrous scrap exports inched upward in the week to Wednesday March 27, recovering slightly from a multi-month low recorded in the last pricing session.

Turkish steelmakers continue to book deep-sea ferrous scrap for April-May

Turkish steel producers continued buying deep-sea ferrous scrap for late April and early May shipments, despite limited finished steel sales in the domestic and export markets, sources told Fastmarkets on Wednesday March 27.

China steel to benefit from carbon-neutrality push; raw materials could take hit

China’s pursuit of carbon neutrality is positive for steel in the mid-to-long term, but negative to prices of steelmaking raw materials amid mills’ attempt to maintain margins, an industry expert said at an conference on Friday March 22.

Indian steel scrap imports drop amid fiscal year end, approaching elections

Indian steel mills further reduced their intake of imported scrap on Tuesday March 26 amid a muted local steel market ahead of the fiscal year end on March 31 and general elections scheduled from April 19 to June 1, sources told Fastmarkets.

Turkish deep-sea scrap import prices rise by $6 per tonne on latest cargo deal

Turkish deep-sea steel scrap import prices increased on Tuesday March 26 on a fresh cargo deal despite weak steel demand in the country’s domestic and export markets, sources told Fastmarkets.

Scrap prices to Taiwan rise on increased domestic rebar trading activity

Spot prices for steel scrap imported into Taiwan continued to pick up on Tuesday March 26 on the back of an increase in domestic rebar trading in recent days due to market participants believing that prices have bottomed out, sources told Fastmarkets.

Delayed publication of Turkish domestic ferrous scrap prices: pricing notice

The publication of Fastmarkets’ weekly assessments for steel scrap auto bundle scrap domestic, delivered Turkey and steel scrap melting scrap from shipbreaking domestic, delivered Turkey for Monday March 25 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.

Turkish deep-sea scrap import market quiet; mills focus on steel sales

The Turkish steel producers went quiet in the deep-sea steel scrap import markets at the beginning of the week and shifted their focus on finished long steel sales, sources told Fastmarkets on Monday March 25.