MYSTEEL: China's scrap sector must adjust business models as market shifts
China's steel scrap market has spent most of the January-March quarter in the doldrums, with scrap prices continuing to decline, even though first quarter is usually when the country's ferrous industry picks up. For the country's scrap collectors and distributors, now might be the time to see if the
Mar 28, 2024 18:45
Shagang cuts scrap purchase price by another $7/t
Shagang Group (Shagang), China's largest electric-arc-furnace (EAF) steelmaker headquartered in East China's Jiangsu, announced on Thursday morning that it will cut its steel scrap buying prices by another Yuan 50/tonne ($7/t) effective from deliveries the same day.
Mar 28, 2024 12:00
China's demolition scrap supply hovers low as property development slows
Even though the quantity of ferrous scrap recycled from construction sites in China has been rising continuously since mid-February, the volume remains low, according to Mysteel's latest survey. The slow recovery of real estate development and building activity is limiting the supply of demolition s
Mar 27, 2024 18:15
Taiwan's Feng Hsin holds rebar, scrap prices
Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices and procurement prices for local scrap over March 25-29 to monitor the market changes, according to a local market source.
Mar 26, 2024 12:00
WEEKLY: China steel scrap prices, stocks both drop
Chinese steel scrap prices continued to weaken overall last week, with domestic scrap availability and demand both shrinking, Mysteel's latest survey showed.
Mar 25, 2024 17:15
GACC: China's Jan-Feb ferrous scrap imports slump 53% YoY
China's imports of ferrous scrap over January-February this year totalled 51,280 tonnes, lower by a significant 58,463 tonnes or 53.3% from the first two months of last year, according to the latest statistics from the country's General Administration of Customs (GACC). Domestic steelmakers' weak de
Mar 25, 2024 14:00
Turkiye: Imported scrap prices up w-o-w despite limited trade activities
Turkish imported ferrous scrap prices inched up slightly as sellers anticipated a restocking surge. Despite a brief market pause, the bullish sentiment was revived by Turkiye's leading steelmaker, which slashed its rebar list prices, driving up demand.
Mar 25, 2024 10:00
China qualified yards keep reducing steel scrap stocks
After the temporary pickup seen earlier this month, ferrous scrap inventories held by Chinese scrapyards have declined again as the slump in domestic steel scrap prices made the yards hurry to reduce their stocks to avoid financial risks, Mysteel's latest survey found.
Mar 21, 2024 17:00
Baowu's Ouyeel achieves first steel scrap imports from Africa
Ouyeel Lianjin Renewable Resources Co. (Ouyeel Lianjin), China's largest ferrous scrap processor owned by the world's top steelmaker China Baowu Group, has successfully imported its first batch of steel scrap from Africa, specifically sourced from Guinea, in joint efforts with China Road & Bridge Co
Mar 21, 2024 11:30
India: Scrap index rises amid moderate trade activities
An upswing in domestic end-cutting scrap prices in Mandi Gobindgarh steel market, climbing slightly by INR 200/t to INR 36,600/t DAP was highlighted by a latest report from BigMint. Additionally, steel ingot prices in the vicinity rose by INR 100/t to INR 42,100/t d-o-d, while rebar (Fe500) prices r
Mar 21, 2024 10:00
Mysteel imported steel scrap prices
Carbon steel scrap prices: Shanghai
Diecasting steel scrap prices: Zhejiang
Diecasting steel scrap prices: China
Alloy steel scrap prices: China