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 […]
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 […]
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 […]
In Bangladesh, UK-origin shredded scrap prices rose following global cues despite sluggish demand, LC constraints, and construction delays impacting the market. European HMS (80:20) was offered, while the containerised scrap market stayed quiet as major buyers favoured smaller deals. US bulk offers remained largely unviable. Market comments BigMint’s weekly assessments Around 2,500t of HMS (80:20) […]
South Asia’s imported ferrous scrap markets remained under pressure today, reflecting sluggish demand across India, Pakistan, and Bangladesh amid weak domestic steel sales and cautious buyer sentiment. Prices dropped d-o-d across South Asia. In India, a mismatch between buyer and seller expectations, coupled with a slowdown in steel activity ahead of key festivals, kept the […]
Imported bulk scrap prices from Japan fell slightly by around $2/tonne (t) in the Vietnamese market, while US scrap offers have also inched down by $2-3/t. As per market sources, H2 scrap offers to Vietnam were reported at $340-345/t CFR, down $5/t w-o-w, with indicative bids around $330-335/t CFR. While demand remains moderate, further price […]