News Categories

Tokyo Steel Chooses Q-ASC for Scrap Selection

17 August 2019 - 23:39
Tokyo Steel, the largest steel scrap consumer in Japan, purchases various types of scrap to feed its electric-arc furnace melting process.

Indian Steel Market Weekly Snapshot

17 August 2019 - 21:25
Indian Steel prices were down trend during the Week -32 (3-10 Aug'19) over limited spot trades. However by the end of week, the prices have gain momentum on slight improved demand in Northern India.

SE Asia Billet Prices Fall Amid Dull Market Conditions

16 August 2019 - 14:35
The SE Asian billet import market remained silent this week. No deals were reported this week. The market was quite due to weaker sentiments. This week South East Asia’s billet import assessment stands at around at USD 440-445/MT, CFR, down USD 5/MT against last week.

India: Imported Scrap Market Turns Silent, Domestic Scrap Remains Preference

16 August 2019 - 14:30
Imported scrap offers to South Asia plunge below 2 years low levels on limited demand

China: Shagang Steel Cuts Scrap Purchase Price Further USD 4

16 August 2019 - 13:56
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 8th Aug’19. Notably, this is the second successive price lowering announced this week.

South Korea Increases Radiation Checks on Japanese Scrap amid Trade Tension

16 August 2019 - 12:59
In a recent policy transition observed in ferrous scrap industry, the South Korean customs service department has increased their inspections on imported ferrous scrap from Japan, the largest scrap supplier to the country.

Turkish Steel Mills Resume Scrap Bookings After a Week's Pause

15 August 2019 - 13:34
SteelMint learned from industry participants that Turkish imported scrap market has resumed scrap booking at corrected prices after almost a week's pause. Weak finish steel sales continue to put pressure on sentiments despite rise in domestic scrap prices in the central and Midwest region in US.

Taiwan: Feng Hsin Steel Rolls Over Domestic Scrap Price for 5th Successive Week

15 August 2019 - 13:26
SteelMint learned from sources that Taiwan’s domestic scrap and rebar prices have remained flat for the fifth consecutive week amid limited domestic finish steel demand. Steelmakers anticipate imported scrap prices to remain under pressure on weak sentiments globally amid ongoing Eid holidays keeping domestic scrap & rebar prices unchanged in Taiwan.

Tungsten carbide scrap hits new lows amid headwinds

12 August 2019 - 21:38
US tungsten carbide scrap prices fell to the lowest level in more than a decade amid a decline in ammonium paratungstate (APT) prices and historically large volumes of virgin and scrap tungsten carbide inventory.

German long steel producer BSW shuts down for 10 days

12 August 2019 - 18:13
German long steel producer BSW has informed its ferrous scrap suppliers that it will halt production for 10 days in mid-to-late August.
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