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Steel scrap moves up $10-$20/lt in early US October trading

Prime scrap moved up $20/lt and obsolete scrap moved up $10/lt in early trading around Detroit on Wednesday, while a bid/offer gap between steel mills and their ferrous scrap suppliers kept things at a standstill in most other regions. Aggressive ...

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Turkey’s scrap metals in hot oven

Turkish scrap market probably saw the writings on the wall when the US announced to double the tariffs on imports of Turkish steel from 25% to 50%. The aftermath of the political driven tariffs saw Turkey’s currency, the Lira on ...

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China’s metal recyclers rush to divert or sell U.S. cargoes as tariffs loom

Chinese copper fabricators and importers are scrambling to divert or resell cargoes of U.S. copper scrap en route to China after Beijing hit such imports with a 25-percent duty as the trade row with Washington deepens, sources said. U.S. scrap ...

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Chinese customs bust steel scrap smuggling ring

Police in south China’s Guangxi Zhuang Autonomous Region arrested 19 suspects for illegally selling more than 48,200 tonnes of steel scrap to Vietnam, local customs said Thursday. The gang, led by a suspect surnamed Gao, used fake contracts and receipts ...

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EU steel scrap exports surged 15% during initial six months of 2016

The recently released half-yearly export data indicates that the EU steel scrap exports rose by over 15% during the initial six-month period of 2016. The exports totaled 1.271 million tons during the month of June alone. The EU region’s scrap ...

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Japan stainless steel scrap imports hit 2016 peak

According to latest statistics released by the Japanese Ministry of Finance (MoF), the country’s stainless steel scrap imports have touched the highest levels so far this year during the month of June. The monthly imports witnessed sharp rise over the ...

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MOF: Japan’s Stainless Steel Scrap Imports Hits 2016 Peak

According to latest statistics released by the Japanese Ministry of Finance (MoF), the country’s stainless steel scrap imports have touched the highest levels so far this year during the month of June. The monthly imports witnessed sharp rise over the ...

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US steel scrap exports hit 18-month high in May 2016

The trade statistics released by the US Department of Commerce (DOC) indicates that the country’s scrap exports climbed higher during the month of May this year. The US steel scrap exports during the month totaled 1.317 million tons. This is ...

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China’s billet exports scalding global steel scrap demand

India generates a good volume of non-ferrous scrap, a feedstock for making steel through electric arc furnaces (EAFs) and induction furnaces (IFs). However, supply from local sources continues to fall short compared to requirements, giving a push to imports of ...

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US HRC prices hit all-time low; US Steel , Stainless Steel Scrap prices stay stable

US HR coil spot prices reached another milestone during the ended November 20, falling to an all-time low since publication began in April 2006, while major US steel and stainless scrap commodities prices on Scrap Register Price Index continued to ...

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