Latest news on China Steel Scrap markets

Turkiye's ferrous scrap imports jump 15% YoY in January

Turkiye's imports of ferrous scrap in January totalled 1.7 million tonnes, significantly higher by 15.4% compared with the same month last year, according to the latest data released by the Turkish Statistical Institute (TUIK).

MONTHLY: China ferrous scrap prices poised for mild growth in March

After rising steadily during the previous two months, Chinese prices for steel scrap are expected to continue to move upward overall in March, supported by rising scrap demand among steelmakers and tighter scrap availability, Mysteel's latest report on the market suggests.

Taiwan's Feng Hsin raises rebar list price by $10/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hike its rebar list price by TWD 300/tonne ($9.5/t) for business discussions over March 2-6 and roll over its buying price for local scrap for transactions during the same period, a company o

WEEKLY: China ferrous scrap prices edge up amid low supply

Chinese prices for ferrous scrap nudged higher during the first week after the Chinese New Year (CNY) holiday that ended on February 23, supported by the tight availability of scrap materials in the domestic market, Mysteel's latest survey showed.

China's demolition ferrous scrap recycling at 4-year low

The volume of ferrous scrap recycled from construction and demolition sites in China fell significantly during the past month as building contractors generally suspended work before and during the Chinese New Year holiday over February 15-23, Mysteel's latest survey results showed.

Japan's scrap materials sector attacks 'Waste Law' changes

The head of Japan's largest business grouping representing the country's ferrous scrap industry has strongly criticized mooted revisions by the government to existing legislation that would designate all metal scrap, including steel scrap, as "hazardous used metals" and introduce a permit system for

Taiwan's Feng Hsin holds rebar price, hikes scrap price by $6/t

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list price for business discussions over February 24-26, while the company has hiked its buying price for local scrap by TWD 200/tonne ($6.4/t) for transactions during the

WEEKLY: China ferrous scrap prices seen firming after CNY

After staying largely flat during the Chinese New Year holiday (CNY) over February 15-23, Chinese prices for ferrous scrap are expected to strengthen mildly in the coming week as demand for scrap materials among domestic steelmakers recovers, Mysteel's latest survey suggests.

WEEKLY: China ferrous scrap prices stable before CNY

Chinese prices for ferrous scrap saw little fluctuation during the past week as the domestic scrap market gradually quietened ahead of the Chinese New Year holiday over February 15-23, Mysteel's latest survey showed.

WEEKLY: Chinese EAF mills output slumps before CNY holiday

Steel production among Chinese electric-arc-furnace (EAF) steelmakers continued to decline rapidly during the past week, with many mills switching to holiday mode to celebrate next week's Chinese New Year (CNY), Mysteel's latest survey showed.