www.steelmint.com
Open in
urlscan Pro
2a06:98c1:3120::3
Public Scan
Submitted URL: https://tinyurl.com/2mkbrj24/
Effective URL: https://www.steelmint.com/insights/weekly-round-up-global-ferrous-scrap-prices-remain-volatile-despite-active-turkish-book...
Submission: On February 25 via api from RU — Scanned from DE
Effective URL: https://www.steelmint.com/insights/weekly-round-up-global-ferrous-scrap-prices-remain-volatile-despite-active-turkish-book...
Submission: On February 25 via api from RU — Scanned from DE
Form analysis 1 forms found in the DOM
<form onsubmit="return false;">
<div class="firebaseui-card-header">
<h1 class="firebaseui-title">Enter your phone number</h1>
</div>
<div class="firebaseui-card-content">
<div class="firebaseui-relative-wrapper">
<div class="firebaseui-phone-number"><button class="firebaseui-id-country-selector firebaseui-country-selector mdl-button mdl-js-button" data-upgraded=",MaterialButton"><span
class="firebaseui-flag firebaseui-country-selector-flag firebaseui-id-country-selector-flag firebaseui-flag-US"></span><span class="firebaseui-id-country-selector-code">+1</span></button>
<div class="mdl-textfield mdl-js-textfield mdl-textfield--floating-label firebaseui-textfield firebaseui-phone-input-wrapper is-upgraded" data-upgraded=",MaterialTextfield"><label class="mdl-textfield__label firebaseui-label"
for="phoneNumber">Phone number</label><input type="tel" name="phoneNumber" class="mdl-textfield__input firebaseui-input firebaseui-id-phone-number" value=""></div>
</div>
<div class="firebaseui-error-wrapper">
<p class="firebaseui-error firebaseui-text-input-error firebaseui-hidden firebaseui-phone-number-error firebaseui-id-phone-number-error"></p>
</div>
<div class="firebaseui-recaptcha-wrapper">
<div class="firebaseui-recaptcha-container">
<div>
<div style="width: 304px; height: 78px;">
<div><iframe title="reCAPTCHA"
src="https://www.google.com/recaptcha/api2/anchor?ar=1&k=6LcMZR0UAAAAALgPMcgHwga7gY5p8QMg1Hj-bmUv&co=aHR0cHM6Ly93d3cuc3RlZWxtaW50LmNvbTo0NDM.&hl=de&v=Nh10qRQB5k2ucc5SCBLAQ4nA&size=normal&cb=ncqvzjn93eat"
width="304" height="78" role="presentation" name="a-ie4wflnffwe7" frameborder="0" scrolling="no"
sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-top-navigation allow-modals allow-popups-to-escape-sandbox"></iframe></div><textarea id="g-recaptcha-response-1" name="g-recaptcha-response"
class="g-recaptcha-response" style="width: 250px; height: 40px; border: 1px solid rgb(193, 193, 193); margin: 10px 25px; padding: 0px; resize: none; display: none;"></textarea>
</div>
</div>
</div>
<div class="firebaseui-error-wrapper firebaseui-recaptcha-error-wrapper">
<p class="firebaseui-error firebaseui-hidden firebaseui-id-recaptcha-error"></p>
</div>
</div>
</div>
</div>
<div class="firebaseui-card-actions">
<div class="firebaseui-form-actions"><button type="submit" class="firebaseui-id-submit firebaseui-button mdl-button mdl-js-button mdl-button--raised mdl-button--colored" data-upgraded=",MaterialButton">Verify</button></div>
</div>
<div class="firebaseui-card-footer">
<p class="firebaseui-tos firebaseui-phone-tos">By tapping Verify, you are indicating that you accept our <a href="javascript:void(0)" class="firebaseui-link firebaseui-tos-link" target="_blank">Terms of Service</a> and
<a href="javascript:void(0)" class="firebaseui-link firebaseui-pp-link" target="_blank">Privacy Policy</a>. An SMS may be sent. Message & data rates may apply.</p>
</div>
</form>Text Content
* Login
* Demo
* Buy Now
*
Close
* My Portfolio
* Prices
* Ferrous Price
* Non Ferrous Price
* Insights
* Commodities
* Region
* Tenders
* Statistics
* Reports
* Events
* Historical Data
* Methodology
* Login
* Buy Now
Previous
Next
Go to List
WEEKLY ROUND-UP: GLOBAL FERROUS SCRAP PRICES REMAIN VOLATILE DESPITE ACTIVE
TURKISH BOOKINGS
THE GLOBAL FERROUS SCRAP PRICE REMAINED LARGELY VOLATILE WHILE SUPPLIERS TO THE
SOUTH ASIAN MARKET TRIED TO STAY AFLOAT WITH SMALLER DEALS TO INDIA AND
BANGLADESH. IN PAK...
Melting Scrap
By
SteelMint Bureau
160 Reads
25 Feb 2023, 16:46 IST
*
7 Shares
The global ferrous scrap price remained largely volatile while suppliers to the
South Asian market tried to stay afloat with smaller deals to India and
Bangladesh. In Pakistan, the same lacklustre trend continued with almost no
uptick in trade activities.
Turkiye's trade volumes increased suddenly after a dull period that followed the
quake. The buyers were propelled into action because of the requirement for
rebar for the country's post-quake reconstruction.
Coming to China's market, Shagang Steel increased its scrap purchase prices this
week. South Korean Hyundai Steel's bids for H2 scrap were reduced after almost
three weeks, and Japanese scrap export prices remained down amid limited buying
inquiries from the preferred destinations.
Turkish scrap prices head north: Turkish imported ferrous scrap prices touched
an 8-month high. Suppliers held back offers and were heard targeting $450-55/t
CFR in the short term. Some bulk cargo bookings from the US, the UK, Europe, and
the Baltic region took place at increased prices this week. This has prompted at
least 16 deep-sea scrap deals to be scheduled since 18 February 2023. Cold
weather combined with high demand helped suppliers to attain better levels.
Recent deals for HMS (80:20) were booked at higher prices from the Shortand
Baltic region at $450/t by an Aegean-region mill. One UK-based cargo of HMS
(80:20) was booked at $445/t while shredded scrap CFR Turkiye was at $470/t.
SteelMint's daily assessment for HMS 1&2 (80:20) from the US stood at $448-50/t
CFR Turkiye, significantly up by $35-40/t w-o-w.
Pakistan imported market silent w-o-w: The nation's scrap importers have been
adversely impacted by delayed LC openings and rising inflation. At the moment,
the market is operating based on local scrap. Pakistani steel manufacturers are
pleading with the government to extend help by providing letters of credit (LCs)
for scrap imports.
SteelMint's assessment for imported shredded scrap in containers is at $470/t
CFR, up $5-7/t w-o-w.
Bangladesh market sees few deals w-o-w: Bangladeshi steel mills are raising
finished long steel prices and trying to increase their conversion spread to
meet their higher operational costs amid a lower capacity utilisation ratio.
However, a few major mills in the country have lately closed a few transactions
from the US, UK, and Europe.
Containerised scrap offers and deals
Around 8,000 t of different-origin PNS, shredded,and HMS (80:20) and HMS (90:10)
, have been booked at $498-500/t, $485/t, $478 and $465/t respectively CFR
Bangladesh.
Containerised offers for UK-origin shredded scrap are at $485-90 /t CFR, down by
$5/t w-o-w.
Fresh offers for US-origin bulk HMS were heard at $460-65/t CFR Chittagong,
largely stable w-o-w.
Indian ferrous scrap market slow w-o-w: Indian ferrous scrap prices largely
trended upward with limited buying but sellers kept quoting higher due to the
uptrend in Turkish prices throughout this week. Major ports like Kandla received
bulk arrivals of around 40,000 tonnes and small container consignments were
notified mostly from Europe, Venezuela, Bahrain, and South Africa.
SteelMint's assessment for imported shredded scrap in containers is at $465/t
CFR, up $10/t w-o-w.
Japanese export prices down: After witnessing a continuous uptrend in prices for
more than a month, the Japanese ferrous scrap export market turned bearish this
week as demand turned weak, putting pressure on suppliers to lower their offers.
However, Japanese suppliers are now focusing more on their domestic markets
where they are seeing higher demand as well as prices compared to overseas.
SteelMint's assessment for Japanese H2 scrap export prices stands at JPY
52,000/t ($381) FOB, down JPY 500/t ($4/t) w-o-w.
South Korea: Hyundai Steel decreased import prices of Japanese scrap by JPY
1,000/t($7/t) on 22 February after almost three weeks. After revision, the
company's bids for H2 scrap stand at JPY 51,000/t ($378/t), and those for HS are
at JPY 54,000/t ($400/t) FOB following lower domestic scrap prices.
China: Shagang Steel hiked scrap purchase prices for the first time this month
by RMB 50/t ($7/t) for all grades. After two consecutive hikes and drops, the
company increased bids. After the revision, HMS (6-10 mm) prices are at RMB
3,200/t ($460/t) delivered to headquarters, including 13% VAT.
Vietnam: Ferrous scrap demand was suppressed due to muted steel demand from the
infrastructure and construction sectors, bid-offer disparity, and price
competitiveness of local scrap over imports.
Offers for Japanese bulk H2 scrap stood at $448/t CFR Vietnam, down by $2/t
w-o-w. Meanwhile, bulk offers for US-origin HMS 1&2 (80:20) were heard at $458/t
CFR. Buyers are yet to resume bulk cargo bookings.
*
25 Feb 2023, 16:46 IST
7 Shares
Previous
Next
You have 1 complimentary insights remaining! Stay informed with SteelMint
Login Buy Now
Related Insights
Melting Scrap
India: SteelMint's scrap index almost stable amid ...
25 Feb, 16:58 IST
Melting Scrap
South Asia: Ferrous scrap market sees limited deal...
24 Feb, 19:37 IST
Melting Scrap
SteelMint's domestic scrap index falls by INR 300/...
24 Feb, 18:14 IST
Melting Scrap
South Asia: Ferrous scrap prices stable amid limit...
23 Feb, 19:31 IST
Your files will start download, please check the files in the download section.
Dismiss
Sorry!
This Section is not available in smaller screen sizes,
Please open this page in the desktop version for this feature.
Done
Hi, there
Log in to your account
Forgot Password
Login With OTP
Loading...
Login credential verified Continue
Loading..
ENTER YOUR PHONE NUMBER
+1
Phone number
Verify
By tapping Verify, you are indicating that you accept our Terms of Service and
Privacy Policy. An SMS may be sent. Message & data rates may apply.
Login With Password
By logging in to SteelMint you have accepted the Terms & Conditions and Privacy
Policy
Login
Remember Me
* Your account will be blocked after five incorrect login attempts. Please reset
your password in case you've forgotten the same.
REGISTER IN MINUTES AND GET ACCESS TO ALL YOUR PERSONALIZED DATA INSIDE
STEELMINT
* Credible spot prices
* Actionable insights
* Live tenders
* Extensive data
* In-depth analysis
* Customised dashboard
Register Now Download Brochure
Hi, there
Log in to your account
Trouble Logging in?
Login With OTP
IND (+91) IND (+91) IND (+91) IND (+91) IND (+91) IND (+91) Mobile Number *
Send OTP
Enter OTP
Resend OTP Login With Password
By logging in to SteelMint you have accepted the Terms & Conditions and Privacy
Policy
Login
Remember Me
New Here ?
Create your account
Buy Now
Write a name for your map selection
Save Cancel
Company
About SteelMint.com Contact Help & FAQ Career CoalMint
Products
Iron ore Coal Scrap & Metallics Steel Ferro Alloys Logistics Ship Breaking
Region
India China South Asia South East Asia Far East Asia MEA (Middle East Africa)
CIS Nations UK, Europe Americas Oceania
Our Features
Prices Insights Tenders Statistics Reports Info-graphics Data Licensing Blogs
Content Partnership
Help
Contact Terms and Conditions Privacy Policy Old Website
Follow us on
Download App
Disclaimer:BigMint Technologies Private Limited has taken due care and caution
in compilation of content for its web site. Information is just for reference
not intended for trading purpose or to address your particular requirement. The
content includes facts, views, and opinions are of individuals and not that of
the website or its management. We and our content licensors are not giving
investment advice, tax advice, legal advice, or other professional advice. We
and our content licensors do not guarantee or warrant the accuracy, completeness
or timeliness of, or otherwise endorse these views, and opinions.
Users/Visitors have to make their own decisions based on their own independent
enquiries, appraisals, judgement, wisdom and risks. SteelMint and its
affiliates, or their employees, directors or agents shall not be liable or
responsible for any loss or costs or any action whatsoever arising out of use or
relying on the spot prices disseminated.
* 2009-2023 © BigMint Technologies Private Limited All Rights Resereved.
* Terms & Conditions
* Privacy Policy
Chat with Us
;