December 2023

Containerized scrap offers to Taiwan well supported by bullish sentiment in Turkey

Spot prices for steel scrap imported into Taiwan continued to trend up on Thursday December 7 due to bullish sentiment in major importer Turkey, which has led to suppliers in the US raising their offers to Taiwan.

Turkish deep-sea scrap market still silent; market expects price uptick

Turkish steel mills continued to be absent from the deep-sea ferrous scrap import market on Wednesday November 6 amid surging scrap offers and a slow price increase of domestic finished steel, sources told Fastmarkets.

Indian steel scrap import bookings slow amid high international prices, sluggish domestic steel demand

Indian containerized steel scrap import prices continued to be high on Tuesday November 5 following a surge in scrap prices in the key Turkish deep-sea import market, Fastmarkets has heard.

Turkey steel scrap imports quiet while mills assess domestic steel demand

The Turkish deep-sea import market for steel scrap remained quiet on Tuesday December 5, with mills unwilling to accept current offer prices while they assessed domestic steel demand, Fastmarkets heard.

Taiwanese mills pay higher prices for containerized scrap, expect further uptrend

Spot prices for steel scrap imported into Taiwan picked up further on Tuesday December 5. US suppliers targeted higher prices amid the global uptrend, according to market sources.

UAE set for further jump in steel scrap intake with AGSI capacity boost

The consumption of steel scrap in the United Arab Emirates (UAE) was expected to rise sharply in the coming years amid expansions in steelmaker capacities to feed greater steel demand in the country, Fastmarkets has heard.

Turkey pauses deep-sea steel scrap purchases on high prices, slow product sales

The Turkish deep-sea scrap import market was quiet on Monday December 4 after three bookings were made on Friday last week from the US and Europe at noticeably higher prices, Fastmarkets has heard.

Domestic scrap prices increase in Turkey on higher imported scrap prices

Domestic scrap prices in Turkey increased during the week to Monday December 4, in line with rising import prices, sources told Fastmarkets.

European secondary aluminum markets consolidate gains

Prices for European secondary aluminum were stable on the week to Friday December 1, consolidating previous gains supported by relatively tight supplies of both ingot and scrap and steady export demand in Asia, although overseas buying interest has weakened since late November, trade sources told Fastmarkets.

China copper scrap discount narrows in November; copper blister RC narrows downward

High-grade copper scrap discounts in November were at their narrowest since December 2022 despite a spike in copper prices on the London Metal Exchange, while copper blister refining charges (RC) moved lower, Fastmarkets heard.