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Weak demand in both the UK domestic and export steel scrap markets has created a glut of supply and brought a raft of cheaper offer prices into British steelmakers for monthly delivery settlements in March, trade sources told Fastmarkets in the week ended Tuesday March 12
Fastmarkets advises that, as of Friday March 8, 2024, certain monthly North American ferrous scrap assessments are yet to settle.
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0879 steel scrap H2 Japan origin import, cfr South Korea and MB-STE-0880 steel scrap HMS 1&2 (80:20) deep-sea origin import, cfr South Korea to once a month from the current weekly basis.
The publication of Fastmarkets’ Turkey steel scrap import indices for Tuesday March 5 was delayed because of a technical error. Fastmarkets’ pricing database has been updated.
Static discounts for copper scrap remained prevalent in the US for most of 2023, while expectations of growth in the long term held
Fastmarkets explores three innovative pathways paving the way for sustainable steel production in Asia amidst rising capacity and demand challenges, driving the urgent need for decarbonization and low-carbon supply chain development
Fastmarkets adjusted its assessments for the stainless steel scrap 430 bundles, solids, consumer buying price, delivered mill Pittsburgh and the stainless steel scrap 409 bundles, solids, consumer buying price, delivered mill Pittsburgh effective Monday February 12.
Fastmarkets has adjusted its assessments for the stainless steel scrap 430 bundles, solids, consumer buying price, delivered mill Pittsburgh and the stainless steel scrap 409 bundles, solids, consumer buying price, delivered mill Pittsburgh, effective Monday February 12.
Fastmarkets corrected its MB-STE-0337 steel scrap cut structural/plate 5ft max, consumer buying price, delivered mill Hamilton, which was published incorrectly on Friday February 9.
Ferrous scrap prices in main Mexican markets dropped sharply in the week to Tuesday February 6 – their third consecutive weekly decrease – amid weak sentiment, Fastmarkets understands
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