Tag: Export

Steel Market Update sources report ferrous scrap prices declined by as much as $30 per gross ton in September, going against previous expectations that prices would remain stable or even increase. September marks the sixth consecutive month of declines since March–April’s record high prices. Prime scrap fell by $30 per gross ton from the month […] The post Scrap Prices Decline in September, Against Expectations appeared first on Steel Market Update.

Turkish scrap import prices decreased w/w Turkish scrap prices fell last week, down to $371 /t CFR for HMS 1/2 80:20 (-$25 /t w/w, -$21 /t m/m). Trading activity has remained thin. Scrap prices(1) $/t12-Aug19-Aug26-Aug02-Sep09-SepHMS 1/2 80:20 CFR Turkey392395393396371Shredded CFR Turkey412415413416391Notes: (1) weighted average of known transactions from all points of origin. After the announcement of […]

Turkish scrap import prices decreased marginally w/w Last week, Turkish scrap prices fell by a marginal $2 /t w/w (up $28 /t m/m) to $393 /t CFR for HMS 1/2 80:20. Market activity calmed again after a series of purchases in mid-August. Turkish mills have lowered their finished longs offers by 10–20 /t w/w due […]

Keynote speaker Paul Lowrey presented at the SMU Steel Summit Conference today, explaining his market thoughts through data on US steel market capacity, steel mill consolidation, and the scrap market. As president of Steel Research Associates (SRA) with a career spanning 30 years, Lowrey opened his segment explaining, “I’ve been labeled by some as a […] The post Paul Lowrey: It’s a Great Time to Be in the Steel Industry appeared first on Steel Market Update.

Seven people working in the scrap industry were detained as police and soldiers intervened to break up three days of road blocks and protests in Claxton Bay, Trinidad, against a temporary prohibition of scrap exports. The government’s motive is to crack down on theft, primarily of copper and cables. The ban is intended to be short […]

Turkish scrap import prices increased w/w Turkish scrap slightly edged higher to $395 /t CFR for HMS 1/2 80:20 (+$3 /t w/w, -$11 /t m/m). Market activity has picked up after the initial price increase, and we heard five deals ranging from $387 /t to $402 /t CFR Turkey for HMS 80:20. Scrap prices(1) $/t22-Jul29-Jul05-Aug12-Aug19-AugHMS 1/2 […]

The Trinidad and Tobago government has outlawed the shipping of most scrap steel and copper abroad for, provisionally, six months to tackle the theft of infrastructure. Telcom TSTT and water company WASA have been worst hit, with service to customers affected. The prohibition is intended to be short term while the government devises a legislative […]

The Kyrgyz government is introducing a six-month ban on shipments of ferrous metal scrap and waste, and ferrous metal ingots outside the Eurasian Economic Union (EEU).  The measure is one of a series announced by the government, including restricting exports of precious metals and products containing precious metals to less than 500 kg.  Kyrgyzstan previously […]

Steel Market Update sources report ferrous scrap prices declined as much as $70 per gross ton from July to August, the fifth consecutive month of declines since March–April’s record high prices. Prime scrap fell by $70 per ton from the month prior, while obsolete grades declined $15–40 per ton. For the first time since late-2020, […] The post Scrap Prices Drop in August, With Bush Near Shred Is Bottom Near? appeared first on Steel Market Update.

Turkish scrap prices continued to edge lower, down to $352 /t CFR HMS 1/2 80:20 (-$13 /t w/w, -$54 /t m/m) based on the latest deal from the US. Scrap prices(1) $/t08-Jul15-Jul22-Jul29-Jul05-AugHMS 1/2 80:20 CFR Turkey406406406365352Shredded CFR Turkey426426426385372Notes: (1) weighted average of known transactions from all points of origin. The activity in Turkish finished steel and […]