European scrap prices increased significantly in December as mills looked to secure supply ahead of the new year amid tight supply. Scrap prices in Europe currently range between €360 /t and €390 /t depending on the country and grade. European scrap prices rose substantially over the past month as mills looked to secure material ahead […]
The CRUmpi rose by 11.1% m/m to 334.4 in December, its highest value since April 2023. Moreover, the m/m percentage increase is the highest since April 2022 – when prices surged because of the supply disruption caused by the war in Ukraine. Europe and the USA led the sharp price upswing as scrap supply tightened […]
Rising export prices, coupled with tight supply and stronger order books, pushed the US scrap market higher m/m. While some markets are still unsettled at the time of writing, buyers were opting to secure material on a TBD basis. At the same time, dealers are working to ship orders before the seasonal holidays. Although […]
Scrap prices rose m/m in all major Asian markets. Besides more restocking demand from Southeast Asia, the sharp increase in US scrap prices has pushed up import prices in the Asian markets and enabled Asian exporters to raise offer prices. Chinese domestic scrap prices rose to RMB2,910 /t in mid-November and stabilised at this level […]
US scrap prices shot up in December and are expected to continue their rise in January, market sources told SMU. The post Domestic scrap tags soar in December appeared first on Steel Market Update.
The prices for all grades of pig iron have dramatically risen since SMU’s last report from Nov. 18. The post Miller on scrap: Pig iron market takes off appeared first on Steel Market Update.
The export market for ferrous scrap has been strengthening over the last month by a sizable margin. The post Miller on scrap: Export market prices rising appeared first on Steel Market Update.
Algoma Steel’s CEO Michael Garcia joined SMU Managing Editor Michael Cowden for a Community Chat on Wednesday, Nov. 29. A great discussion was had on topics ranging from plate pricing to decarbonization efforts, raw materials strategies, and more. The post SMU Community Chat: Algoma’s CEO talks prices, decarb, raw materials appeared first on Steel Market Update.
US scrap prices are expected to rise in December, industry sources told SMU. The post Domestic scrap tags seen increasing in December appeared first on Steel Market Update.
South Africa’s department of trade, industry and competition has suggested a prohibition on foreign shipments of scrap metal be extended for six months. Steel sector body Seifsa disagrees with continuation of a policy primarily intended to tackle the theft of copper. The department concedes the ban, first imposed in 2022, has had minimal effect on […]