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Vessel problems keep lid on fob prices

Vessel problems keep lid on fob prices

Japan’s export steel scrap market presented a mixed picture in the week to Thursday April 1, with rising steel prices in Asia colliding with continued difficulties in sourcing vessels at key Japanese ports, sources said. Sales of 3sp steel billet from Indonesia hit $630 per tonne cfr China this week, driven by strong long steel […]Read More

Buyers consider higher bids amid renewed purchasing interest

Buyers consider higher bids amid renewed purchasing interest

Chinese ferrous scrap buyers are considering higher bids for imported heavy scrap, with steel mills in both east and northeast China looking to purchase more quantities in the coming weeks. “Buyers in the northeast can bid as high as $485-500 per tonne cfr China,” a trader in China told Evergold Scrape. A buyer source at […]Read More

Global markets stabilize following recent price spikes

Global markets stabilize following recent price spikes

Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks. High supply hits Turkish import market again US export prices rise in sales to Turkey Vietnamese import prices keep rising despite calmer steel markets Chinese buyers re-enter market for bulk cargoes at higher prices […]Read More

Mills go slow in deep-sea markets

Mills go slow in deep-sea markets

Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Evergold Scrape on Thursday April 15. The most recent deep-sea trade was done at the end of the last week, when a steel mill in the Iskenderun region paid […]Read More

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