Luxembourg-based ArcelorMittal has agreed to purchase Zlomex, a scrap metal recycling company with two yards in Poland. Last year they shipped almost 400,000 t of ferrous scrap metal to a range of steel mills and foundries, including ArcelorMittal’s steel plants in Dąbrowa Gornicza and Warsaw. Zlomex, Zaklad Przerobu Zlomu in full, added a new shredder and […]
Turkish scrap import prices increase w/w Last week, the Turkish scrap market turned quiet again following active buying activity in the prior week. Consequently, our assessment for HMS 1/2 80:20 remained unchanged w/w at $381 /t CFR (+$42 /t m/m) due to a lack of new deals. The previous price rebound in Turkish scrap market […]
Turkish scrap import prices increase w/w The Turkish scrap market has continued the rebound and buying activity was more active last week. Our assessment for HMS 1/2 80:20 increased to $381 /t CFR on five fresh deals, up by $7 /t w/w and $31 /t m/m. Scrap prices(1) $/t 11-Nov 18-Nov 25-Nov 02-Dec 09-Dec HMS 1/2 […]
After surging in late November to a five-month high, Steel Market Update’s (SMU) Steel Buyers Sentiment Index slipped three points through Dec. 8th. Our Future Buyers Sentiment Index also fell a few points from it’s previous high, down three points in comparison to two weeks prior. Buyers Sentiment remains strong overall, and Current Sentiment is […] The post SMU Sentiment Index Dips From 5-Month High, But Remains Strong appeared first on Steel Market Update.
The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled Over the last month, HR index prices have continued to decline, but at a much slower pace. The most recent index […] The post HR Futures in Limbo as Risk Managers Await More Data Points appeared first on Steel Market Update.
Indian lead and aluminium producer Gravita has started commercial production of aluminium cast alloys at a new recycling plant in Togo, West Africa. “The company has been sourcing scrap from Togo for the last three years and has set up a strong scrap collection network before establishing the plant,” it said in a Bombay Stock […]
Turkish scrap import prices increase w/w Turkish scrap prices started to increase significantly last week. Accordingly, our assessment for HMS 1/2 80:20 rose to $374 /t CFR based on two new deals, up by $35 /t w/w and $26 /t m/m. Scrap sellers have been raising prices amid tighter supply into winter months, and buyers […]
Turkish scrap import prices unchanged w/w The Turkish scrap market was again inactive last week as our assessment remained unchanged at $339 /t CFR for HMS 1/2 80:20 (+$0 /t w/w, -$33 /t m/m) due to a lack of new deals. Scrap prices(1) $/t 28-Oct 04-Nov 11-Nov 18-Nov 25-Nov HMS 1/2 80:20 CFR Turkey 372 348 […]
The government of Trinidad and Tobago will lift the prohibition on foreign shipments of steel scrap by 31 December. But the ban on in-demand copper will remain. The measures were introduced in August to provisionally last six months to tackle the theft of infrastructure, notably copper and fibre optic cables from telcom TSTT which left […]
Turkish scrap import prices decreased w/w Last week, Turkish scrap prices dropped on a deal from the USA. Our assessment fell to $339 /t CFR for HMS 1/2 80:20, down by $11 /t w/w and $33 /t m/m. The downward movement in the scrap market is mainly due to the stagnant state of the finished […]