News Categories

SE Asia: Imported Scrap Market Remains Quiet Amid Holidays

30 December 2019 - 19:07
Imported scrap offers to South East Asia remained stable amid thin trades owing to holidays. SteelMint learned from industry participants that many global yards have remained closed for ongoing winter vacations, while Japanese suppliers also remain closed till the 1st week of Jan'20.

Viewpoint: Volatile Turkey a concern for EU exporters

30 December 2019 - 16:45
A more volatile Turkish ferrous scrap deep-sea import price throughout 2019 has made it very difficult for European exporters to keep a stable margin and it is set to remain a major challenge in 2020.

Japanese ferrous scrap prices face downward pressure

10 January 2020 - 18:39
Japanese ferrous scrap suppliers are under pressure to increase exports to counter rising inventories caused by a slowdown in demand ahead of this year's Tokyo Olympics.

China issues second 2020 scrap import quota

8 January 2020 - 21:07
China has approved a new quota for more than 35,000t of copper, aluminium and ferrous scrap imports for delivery in 2020.

Capitol Eye fostering towards recycling Aluminium packing

6 January 2020 - 18:56
Singapore’s first recycling drive for contact lens blisters is EYE FOR EARTH

Viewpoint: Taiwan scrap headwinds persist in 2020

6 January 2020 - 17:05
The price outlook for 2020 in Asia's benchmark containerised ferrous scrap market Taiwan is notably less optimistic than in global bulk market leader Turkey, reflecting the extent to which Asian and Atlantic scrap trends are increasingly diverging.

Japanese Ferrous Scrap Exports Stable in Nov'19

2 January 2020 - 18:43
Japan, world’s third-largest crude steel producer observed stability in its ferrous scrap exports for another month in Nov'19. The country exported 0.65 MnT of scrap in Nov’19, as against the similar quantity exported in Oct’19. However, on a yearly basis, scrap exports have increased by 33% Y-o-Y from 0.49 MnT reported during the same period a year ago, in Oct’18.

Bangladesh: Domestic Scrap Prices Up in Recent Trades

2 January 2020 - 18:38
Local scrap market in Bangladesh witnessed an uptick in sales, with most ship recyclers in Chittagong collectively hiking offers today. Ship yard’s melting scrap was sold at BDT 31,500/MT (USD 371) ex Chittagong and Ship plates (re-rollable) of 12-16 mm were sold at BDT 38,000-40,000/MT (USD 445-471) ex Chittagong. Prices have moved up by USD 15-20/MT W-o-W. New vessels being procured at higher prices as well as high imported scrap prices are likely to keep local scrap prices supported in the near future.

Imported Scrap Offers to Pakistan Remain Stable; Limited Trades Reported

31 December 2019 - 19:47
Imported scrap trades to Pakistan remained slow for another week with buyers staying away from actively procuring on sufficient bookings for Jan’20 shipments. Offers to Pakistan remained mostly stable in comparison to last week, with only few suppliers offering presently as most European yards remain closed for winter vacation.

Viewpoint: Copper scrap spreads under pressure

31 December 2019 - 19:36
US copper scrap spreads are expected to remain under pressure into 2020 amid continued lower demand from China because of restricted import licenses and quality inspections keeping US supply elevated.
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