BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/tonne (t) d-o-d to INR 36,500/t DAP on 4 March 2025.The Mandi steel market experienced a range-bound price trend, with mills anticipating that ingot prices in the near term will remain within the range of INR 42,100-42,800/t. Raw material price updates Prices […]
South Asia’s imported scrap markets remained subdued, weighed down by sluggish demand, liquidity constraints, and cautious buying amid Ramadan. Offers for UK-origin shredded remained unchanged d-o-d in Pakistan and Bangladesh, while they edged down by $1/tonne (t) in India. India faced a persistent bid-offer gap amid weak steel demand, while Pakistan saw limited activity as […]
Shredded scrap offers from Europe to Pakistan dropped by $3-5/t w-o-w to $380-385/t CFR amid sluggish demand, while HMS stood at $360-365/t and fabrication scrap at $385-388/t. With Ramadan underway, market activity is expected to slow briefly before picking up for post-Eid arrivals. BigMint’s assessment for European/UK-origin shredded stood at $380/tonne (t) CFR Qasim, down […]
South Asia’s imported ferrous scrap market remained sluggish as buyers across India, Pakistan, and Bangladesh showed limited interest amid weak steel demand, ample domestic availability, and currency fluctuations. Indian and Pakistani buyers resisted higher offers, while Bangladesh’s demand was moderate despite stalled construction activities. Offers for shredded from the UK/Europe edged down by $3/tonne (t) […]
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dropped by INR 200/tonne (t) d-o-d to INR 36,200/t DAP on 17 February 2025. Additionally, the decent availability of domestic scrap, combined with limited demand for steel and production cuts at mills, led to a w-o-w decrease of INR 500-600/t in scrap prices in Mandi […]
The Vietnamese imported scrap price from the US saw a $5/tonne (t) increase last week, although demand remained weak due to the slow recovery of construction activity after the holidays. Japanese tender results had little impact on market sentiment, as Vietnam’s domestic scrap prices strengthened, with some mills raising purchase prices, a Vietnam-based mill source […]
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 […]
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 […]
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 […]
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 […]