US recycler Metalico expects domestic ferrous scrap pricing to remain under pressure until the American scrap export market improves, it said Thursday. First-quarter US scrap exports were at an eight-year low, leading domestic exporters ...
Tags: Steel Scrap, ferrous scrap
The winning bid in the monthly auction held Tuesday for Japanese H2 scrap for export from Tokyo Bay was Yen 32,160/mt ($314.70/mt) free alongside ship, the organizer of the tender said. The bid was Yen 450/mt ($4.40/mt) lower than the ...
Tags: Ferrous Scrap
Transactions between US steel mills and ferrous scrap dealers remained in line Wednesday -- the tail end of the May buying period -- with price levels seen earlier in the period. Shredded scrap sales remaining $15/lt below April ...
Tags: Steel Mills, Scrap
According to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products, the global long steel products market is still characterized by uncertainty amid the adverse effects of ...
Tags: Long Steel Demand, steel products
Speaking on behalf of World Steel Dynamics (WSD) at SteelHome's 10th Steel Development Strategy Conference held recently in Shanghai, Wu Wenzheng, president of SteelHome, said that WSD's global steel output forecast for 2014 is 1.61 billion ...
Tags: Scrap Prices, Steel
The winning bid in the monthly auction held Wednesday for Japanese H2 ferrous scrap for export from Tokyo Bay was Yen 32,610/mt ($319.70/mt) FAS or free alongside ship, the organizer of the tender said. The bid was Yen 1,700/mt higher ...
Tags: Ferrous Scrap, Itochu Metals
Turkish mills continued to buy scrap at higher levels Monday despite the increased raw material cost, meaning margins for finished steel ebbed away. The US re-entered the market with a deal from a New Orleans source at $388/mt for 25,000 ...
Tags: Steel Scrap, Turkish mills
US ferrous scrap pricing trended lower on Thursday, the fourth day of the traditional US buy week as strong Ohio Valley pricing did not have a ripple effect into other markets. Mills outside the Ohio Valley region were able to remain on ...
Tags: Metallurgy, Mineral, ferrous scrap
Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Nam?k Ekinci, chairman of the Turkish Steel Exporters' Association, stated that the antidumping duty investigation launched by the US against Turkish ...
Tags: Metallurgy, Mineral, Energy, Steel
The ferrous scrap market was stable in eastern China this week, in tandem with the finished steel and rebar futures markets, market participants said Friday. Most traders were bearish, expecting further price cuts in the short term. ...
Tags: Ferrous Scrap, Rebar, finished steel
East China's ferrous scrap prices fell sharply this week amid weaker raw material, finished steel and steel futures markets in the first-half of the week. Platts assessed heavy scrap over 6 mm at Yuan 2,320/mt ($377/mt) on a delivered ...
Tags: Ferrous Scrap, Raw Material, Steel Markets
European market prices of the key grade of aluminum alloy, 226, slipped back by a further Eur10/mt ($14/mt) this week as buyers could take their pick of offers in a well-supplied market. "It's very calm. Last week there was a lot of ...
Tags: aluminum alloy, European market
Chinese steelmakers cut their scrap purchase prices steadily this week, following the downward trend in futures and steelmaking raw materials markets, led by Shagang Group, the country's largest scrap consumer in eastern China's Jiangsu ...
Tags: Steelmakers, Iron Ore, raw materials
Brazil's ferrous scrap exports increased 24% in February to 53,071 mt, from 42,930 mt in the same month last year, according to the most recent official customs data. Exports were also up 29% when compared with January shipments abroad ...
Tags: Mineral, ferrous scrap, Energy
Sentiment in the Turkish steel scrap import market remained strong Tuesday, but prices slipped modestly on a the back of a cheaper deal. A European merchant sold 40,000 mt of Heavy Melting Scrap I and HMS I/II to a medium-sized Turkish ...