Cautious Buying Pulls Down Imported Scrap Prices in Pakistan

Mining News Pro - Imported scrap Offers to Pakistan have plummeted over the last week, following a downturn at global levels as well as low bids and general disinterest from the buyers` side. This week, the buying activates remained the slowest among the last 4-5 weeks, although few odd bookings were concluded. Sudden currency depreciation also remained a concern.

Imported Scrap Prices in Containers Fall in Recent Trades in SE Asia

Mining News Pro - Imported Scrap offers to South Asia have been moved down considerably over the span of last one week, with the conclusion of several bulk cargoes to Bangladesh as well as Pakistan, pulling the tradable price level further low. Continuation of the severe container shortage has resulted in limited offers in containers from global suppliers, while high freight charges have made buyers cautious for fresh bookings.

Turkey: Imported Scrap Prices Continue Downtrend in Latest Deals

Mining News Pro - Imported scrap prices to Turkey continue to move down further, as another couple of deals concluded recently were confirmed today. Buyers in Turkey were already bidding at lower price levels since the last few days, while continued weak steel sentiments suggest that further downslide in offers are expected in the coming days.

Turkey: Imported Scrap Prices Move Up in Recent Trade from US

Mining News Pro - Imported scrap prices in Turkey have moved up by USD 5-6/MT W-o-W basis, following a recent deal concluded for US cargo. US scrap supplier sold HMS (80:20) at USD 341/MT, CFR Turkey.

Will Japanese Domestic Scrap Prices Witness Correction ?

Mining News Pro - Trade participants are eyeing that Japanese scrap prices could have achieved temporary peak and could observe downward trend.

Turkey: Imported Scrap Prices Correct Marginally in Recent Trades

Mining News Pro - Scrap importers in Turkey have been observing range bound prices since last couple of weeks.

Bangladesh: Imported Scrap Prices Stable; Demand Subdued

Mining News Pro - SteelMint learned in recent conversations with market participants that imported scrap offers to Bangladesh have remained almost stable

Indian Imported Scrap Prices Stable; Limited Trades Reported

Mining News Pro - SteelMint learned from market participants that imported scrap offers to India have stabilized this week.

Japan: Tokyo Steel`s Tahara Scrap Prices Hit 6 Months High

Mining News Pro - Scrap purchase prices increased by Yen 500-1000/MT (USD 5-9) at all five works of Tokyo Steel.

Chinese Ferrous Scrap Prices Likely to Remain Strong Amid Restocking

Mining News Pro - According to reports, On September 19, among the 245 key steel mills in China, 30 steelmakers have increased their purchase price of steel scrap by RMB 20-70/MT (USD 3-10) however, 3 of them reduced the price marginally.

Bangladesh: Imported Scrap Prices Inch Up Amid Limited Global Offers

Mining News Pro - In recent conversations with market participants SteelMint learned that imported scrap offers to Bangladesh have increased slightly following high Indian sponge prices and limited scrap offers in the global market. The market has observed limited quantity deals ahead of religious holidays as domestic finish steel market remained sluggish.

Japan: Tokyo Steel`s Tahara Scrap Prices Hit 6 Months High

Mining News Pro - Scrap purchase prices increased by Yen 500-1000/MT (USD 5-9) at all five works of Tokyo Steel.

Chinese Ferrous Scrap Prices Likely to Remain Strong Amid Restocking

Mining News Pro - 30 steelmakers have increased their purchase price of steel scrap by RMB 20-70/MT (USD 3-10)

Bangladesh: Imported Scrap Prices Inch Up Amid Limited Global Offers

Mining News Pro - In recent conversations with market participants SteelMint learned that imported scrap offers to Bangladesh have increased slightly following high Indian sponge prices and limited scrap offers in the global market. The market has observed limited quantity deals ahead of religious holidays as domestic finish steel market remained sluggish. Imported scrap prices increased this week by USD 5/MT, on W-o-W basis.

Pakistan: Imported Scrap Prices Up in Recent Deals

Mining News Pro - In recent conversation with market participants, SteelMint learned that Pakistan steel market has observed few deals for imported scrap at further increased prices.

Turkey: Poor Finish Steel Demand Pulls Down Imported Scrap Prices

Mining News Pro - Turkish currency - Lira hit all time low today against USD.

Pakistan: Imported Scrap Prices Decline Amid Fall in Domestic Steel Prices

Mining News Pro - Pakistan Rupee (PKR) has appreciated in last two days` period by almost 5% to 122.6 against USD today from 128.8 earlier.

Bangladesh: Imported Scrap Prices Inch Down in Recent Deals

Mining News Pro - In recent conversations with market participants SteelMint learned that, scrap importers in Bangladesh have continued scrap bookings as offers have edged down further on W-o-W basis. Many of the participants kept buying in limited quantities over weak finish steel demand in the country on heavy monsoon. Dullness in global markets and sharp weakened demand since past few days are pulling prices down owing to which importers remain hopeful for further corrections by USD 5-7/MT in prices in coming days.

US H1 scrap prices remain stable

Mining News Agency - It is reported that United States H1 scrap average price was at US$296.83/long ton on January 2nd, remained flat compared with previous week.

India Aluminium Scrap prices steady

Mining News Agency- India’s major aluminium scrap commodities prices showed a steady trend on the Scrap Register Price Index as on Thursday, while aluminium futures prices at India`s Multi Commodity Exchange settled higher in line with Nickel Futures prices at London Metal Exchange due to the back of upbeat China manufacturing data.

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