As Turkey steel mills return back market to purchase, EU scrap steel export price firstly increased since early September. The export price of EU No.1 and No.2 mixed heavy scrap (80:20) boosted from U.S.$224-230 per ton to U.S.$235-240 per ton.

It is learned that Turkey buyers imported 30,000-40,000 tons of No.1
and No.2 heavy scrap (80:20) from Holland shipped via deep sea with
U.S.$278 per ton (CFR), which is equivalent to U.S.$250 per ton (FOB,
Rotterdam) and imported a ship of No.1 and No.2 mixed heavy scrap
(70:30) from Belgium via deep sea with U.S.$265 per ton, equal to
U.S.$237 per ton (FOB, Rotterdam).? ?Presently EU suppliers are trying
to improve export price of scrap steel. It is estimated that the price
may hike further.

Source: Metalbiz

Search to find what you want

• Hyundai Steel raises export prices, long product life

    Hyundai Steel plans to lift the export prices of debar and H-shaped steel. The export price of H-shaped steel for a delivery in Feb.-Mar

• East Asian steel scrap and pig iron imports continue to rise offer

    The tight supply and increasing spot ore price propelled the import offer of East Asia scrap steel and pig iron to climb continuously. Presently the price of No.1 and No.2 heavy scrap stands at U.S.$360-365 per ton (CFR) and the offer of pig iron increases to U.S.$380-390 per ton (CFR).

• Southeast Asia scrap import grow U.S. $ 25-40

    In the past two weeks, with the rising of iron ore price, the import price of southeast Asia scrap steel recovered after festival, up U.S.$25-40 per ton (CFR). News from Vietnam, Malaysia and Singapore noted that the import and settled prices of No.1 and No.2 mixed heavy scrap from Europe

• Turkish scrap import to the top

    Learned from market players that Turkey scrap import price continued rising, since last week, only two batches of scrap was booked. One batch of HMS 1&2 80:20 and P&S in Europe sold to a certain steel mill with U.S.$347 per ton (CFR), another batch of HMS 1&2 70:30 was bought

• Scrap price index debut

    China will launch its first scrap price index on the Nanning (China-ASEAN) Commodity Exchange in March this year, which steel insiders claim would help both China, the world’s largest scrap consumer, gaining dominance in the price-setting for scrap worldwide and domestic steelmakers fixing their costs and reducing business risks through

• Oversea-than-expected steel price increase raised the costs and demand

    Propelled by the continued recovery of the economy, global steel demand revived slowly, the operation rate of steel mills also railed successively and the price of raw material is inevitable to increase next year. Based on the improvement of cost and demand, oversea steel mills began to advance the steel

• China consumes 80 million tonnes of scrap in 2009

    According to Mr Yan Qiping the general secretary of the China Association of Metalscrap Utilization, China approximately consumes 80 million tonnes of steel scrap in 2009. In 2009, China scrap consumption totaled to about 80 million tonnes with the total transaction volume to CNY 200 billion calculated by unit price

• Steel scrap imports zoom in Zhangjiagang port

    Metal Biz quoted according to the statistics of Zhangjiagang Inspection and Quarantine Bureau, the imported scrap steel amounted to 3.35 million tonnes in January to November at Zhangjiagang port valued USD1.1 billion up by 598%YoY and 267%YoY respectively. As per report, the explosive growth of imported scrap at Zhangjiagang attributed

• China is 10 million tonnes of steel scrap shortage, association –

    China has a steel scrap shortage of about 10 million tonnes, according to an analysis by the Chinese Steel Scrap Association. In the first half of the year China produced 267 million tons of crude steel, and for the whole year is estimated to see an overall crude steel output

• Japanese scrap export 10 months ago by 76pct YoY

    According to statistics released by Japan’s Ministry of Finance, Japan’s scrap export during January to October 2009 period was 8.3 million tonnes, up by 76% YoY. The scrap export during 2009 is estimated to reach 9.97 million tonnes

• Majority scrap load port terminated

    The biggest cargo of scrap metal to leave Wellington headed out of CentrePort yesterday, but some of it may eventually end up back in New Zealand.

• U.S. prices for steel scrap uptrend

    Recycling Today reported that given the huge declines in US construction and auto manufacturing over the past year, the recent rise in steel scrap prices may lead many to scratch their heads with surprise. According to the American Iron & Steel Institute, domestic raw steel production hit its weekly high

• Schnitzer sees more steel scrap export strength

    Schnitzer Steel Industries Inc. sees strong prices reflecting healthy demand for U.S

• POSCO s steel export prices remain unchanged

    The export price of stainless steel from POSCO is unchanged m-o-m. It is understood that POSCO made an export offer for Oct.-Nov. delivery, thereinto, the export price of CR stainless steel (0.5T) to Taiwan was U.S.$3,250 per ton (CFR) and the price to Europe and other regions was U.S.$3,150 per ton. Insiders of

• U.S. steel recycling reached an all time high of 83pct in 2008

    According to information released by Steel Recycling Institute last month, steel recycling reached an all time high of 83.3% in 2008.