SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills fell by nearly 11% w-o-w to 619,000 t, marking the sixth consecutive week of decline. Ferrous scrap inventories at domestic steelmakers are declining rapidly, sparking concerns over supply and demand instability. The central region saw a sharper decline of 18% w-o-w, while the […]
Scrap & Metalics
Bangladesh: Imported containerised scrap prices inch up by $4/t w-o-w; market cautious amid slow construction
Bangladesh’s imported containerised scrap prices witnessed an uptick this week as the global scrap market is moving north amid a supply crunch. Workable levels for Bangladesh stood $5-6/t below the offers for containerised scrap. On the other hand, bulk scrap prices from the US and Japan witnessed mixed trends, with buyers remaining slow amid weak […]
Weekly round-up: Global ferrous scrap offers saw downtrend, Bangladesh remain active
Global ferrous scrap markets witnessed a downtrend in prices, with a slight decline this week. Weak demand, seasonal domestic scrap shortages particularly in Bangladesh, and cautious sentiment across regions like Turkiye, India, and Pakistan pressured prices. While some markets, such as Japan, saw limited activity, others, like Argentina, lifted export bans, signaling shifts in market […]
Taiwan’s Feng Hsin holds rebar, scrap prices for 3rd week
Mysteel Global: Feng Hsin Steel, Taiwan’s largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices and local scrap buying prices again for transactions over January 6-10 after noting the uncertainty in global scrap markets, according to a company official. This marks the third straight week Feng Hsin […]
South Asia: Imported ferrous scrap market sees mixed trends d-o-d
The South Asian and Turkish imported scrap markets exhibited mixed activity today, with India seeing slight gains in containerised shredded prices due to supply constraints from the US and improved domestic sentiments. Meanwhile, Pakistan remained quiet as buyers eased into the holiday period, while Bangladesh’s market showed steady sentiment, supported by scrap shortages and firm […]
Weekly round-up: Global ferrous scrap offers remain largely stable amid limited market activity
Last week, global ferrous scrap markets witnessed a largely stable price trend, with limited trading activity across key markets. Prices saw slight declines due to the holiday season, weak demand, and economic uncertainties. Mills were cautious, postponing bookings, while domestic scrap prices held steady in several markets. The market remained subdued, with limited expectations of […]
Turkiye: Imported bulk scrap offers drop by $2/t w-o-w due to limited activity ahead of holidays
Turkish imported ferrous scrap prices fell by $2/t w-o-w in the final week of the year, driven by reduced market activity ahead of the Christmas and New Year holidays. Low rebar demand made Turkish mills hesitant to purchase more scrap, dampening market confidence and limiting the potential for any price recovery in the near term. […]
Bangladesh: Imported scrap prices rise by up to $9/t w-o-w; inquiries weaken amid high inventories
The Bangladesh imported scrap market remained slow this week due to ongoing LC challenges and weak finished steel demand. Imported scrap prices increased by $9/tonne (t) although steel mills and importers reported limited buying interest as ample inventories and subdued rebar sales continue to weigh on sentiments. BigMint’s weekly assessments Market comments According to a […]
India: BigMint’s scrap index holds steady amid stable market conditions
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market remained steady at INR 36,900/t DAP on 17 December 2024. The steel scrap market is witnessing moderate trade activity, with mills opting to procure scrap strictly based on their immediate production requirements. Despite steady domestic demand, imported scrap buying has been largely put on hold […]
Weekly round-up: Global ferrous scrap market weakens amid soft steel demand
This week, global ferrous scrap markets faced continued softness, driven by weak steel demand, high inventories, and cautious sentiment. Turkiye, India, and Pakistan saw price declines, while Bangladesh and Vietnam experienced limited activity. Issues like low rebar sales, financial challenges, and uncertainty over import duties weighed on the market, keeping trade minimal across key regions. […]