Scrap Metal Prices

US customers are cautiously optimistic that consumption will grow for seasonal reasons in the spring. At present, the supply/demand balance for strip mill products is relatively tight, with steelmakers quoting May deliveries. The availability situation could change quite quickly, however, as several previously idled blast furnaces are set to come back on stream. We can […] ↓ Read the rest of this entry…

American scrap price to soar The purchase price of import scrap in Taiwan is keeping rolling according to www.yieh.com . The price of American 80:20 container scrap to Taiwan has climbed to US$380/ton and could go up to US$390/ton in recent days. The main reason of price rise is because tight supply of global scrap […] ↓ Read the rest of this entry…

Turkey’s scrap import market holds steady Turkey’s scrap imports prices remained stable this week with fewer orders.   It was predicted that stockiests might try to build up their inventories; however, they are not willing to accept the high prices. According to one mill in Turkey, they imported mixed scrap No.1 and 2 (80:20) at US$332/ton. […] ↓ Read the rest of this entry…