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Japan: Tokyo Steel Observes Further Price Cut for Scrap Purchase

24 June 2019 - 15:26
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered the domestic H2 scrap purchase price by JPY 1000/MT (USD 9) at Kyushu works in western region, and by JPY 500/MT for its other 4 works, amid very weak sentiments in the domestic market. The new prices for all grades shall be effective from tomorrow (21st Jun'19).

Bangladesh: Imported Scrap Offers Fall; Buyers Eye Further Correction

23 June 2019 - 20:15
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have significantly dropped this week following the continued downtrend at the global level.

Turkey: Imported Scrap Prices Drop to 6-Months Low

23 June 2019 - 19:59
SteelMint learned from industry participants that Turkish steel mills have taken a pause from buying activities after observing successive falling in scrap prices since the past couple of weeks.

Pakistan: Domestic Steel Prices Shoot Up on Currency Depreciation

20 June 2019 - 14:23
Sharp currency depreciation has resulted in a sharp hike in domestic steel prices. However, following the global downturn, imported scrap prices in Pakistan are hovering at around 5-6 months low.

China: Shagang Steel to Raise Scrap Purchase Price Amid Tight Availability

20 June 2019 - 12:48
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group likely to announce the price hike for all grades of domestic steel scrap purchase by RMB 50/MT (USD 7) effective from tomorrow (18th June’19).

Global Billet Market Overview: Week 24, 2019

18 June 2019 - 19:11
This was the consecutive week, in which Turkey's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance

Global Ferrous Scrap Market Overview - Week 24, 2019

18 June 2019 - 18:40
Global ferrous scrap markets witnessed downtrend in all the major markets amid limited demand this week. Further price correction in Turkey pulled down global ferrous scrap offers also for South Asian and East Asian markets.

Japan: Tokyo Steel Cuts Scrap Purchase Price Further by USD 5

16 June 2019 - 00:30
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered the domestic H2 scrap purchase price by JPY 500/MT (USD 5) at all five works in Japan. New prices for all grades shall be effective from tomorrow (15th June'19)

India: Imported Scrap Prices Inch Down in Recent Deals

16 June 2019 - 00:13
SteelMint learned from industry participants that Indian imported scrap prices inch down on a weekly basis in limited deals reported. Following continued global price fall, Indian scrap importers remain majorly cautious before buying actively amid weakening local semi-finish prices and still subdued finish steel demand.

Turkey: Imported Scrap Prices Drop to 1-Month Low in Recent Deals

15 June 2019 - 00:29
SteelMint learned from industry participants that Turkish steel mills have continued fresh deep sea cargo bookings to take advantage of low global offers. Prices have moved down further by USD 5-6/MT against that of reported in the beginning of this week.
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