Steel and Raw Material Conference 2015 Announced and Other Scrap News

November 3, 2015

International Steel and Raw Material Conference 2015

SteelMint Events proposes to organize an International Steel and Raw Material Conference in Chittagong, Bangladesh, scheduled on 11-12th December 2015. The broad objective of this international summit is to bring together global scrap, DRI, HRC, billet and technology suppliers and buyers on a single platform for networking, trade and knowledge sharing. The conference should open up newer opportunities for trade, investment and raw material supply in Bangladesh

TOPICS
• Bangladesh-An Emerging Steel Industry
• Role of DRI in Growing Bangladesh Steel Industry
• Steelmaking Technologies: Bangladesh Pespective
• HRC Imports into Bangladesh
• Bangladesh-Scrap Imports will Rise 5Times
• Have Chinese Steel Prices Bottomed Out?
• Will Declining Ship Breaking Industry Lead to more Steelmaking in bangladesh?

For more information go to International Steel and Raw Material Conference

Ship Breaking News and Scrap Metal Prices from GMS Weekly

GMS Weekly reports that no respite to a dire outlook for the Indian sub-continent ship recycling markets saw almost no offers forthcoming from India and only a sporadic buying interest at ever decreasing numbers emanating from Pakistan and Bangladesh.

At this rate, it would be no surprise to see owners lay vessels up rather than sell for such lowly rates. The extent of the falls over the past year have been ferocious and with every new reality breached, the talk is that the bottom has finally reached, only to witness further price drops in the coming days.



For week 44 of 2015, GMS demo rankings for the week are as below:

 

Demo Ranking Country Market Sentiment GEN CARGO

Prices

TANKER

Prices

1 Bangladesh Weak USD 300/lt ldt USD 330/lt ldt
2 Pakistan Weak USD 295/lt ldt USD 325/lt ldt
3 India Weak USD 290/lt ldt USD 320/lt ldt
4 Turkey Weak USD 170/lt ldt USD 175/lt ldt
5 China Weak USD 125/lt ldt USD 145/lt ldt

Other Scrap Metal Prices News

YIEH reports that US’s domestic scrap prices decreased significantly in early October, due to the declining export prices and weak domestic market demand. In October, United States East Coast of H1 and H2 scrap prices were about US$ 155/ton, steel scrap and broken originally sold for about US$185/ton.

Market participants pointed out, US’s November steel scrap prices will continue to fall than October prices at US$10-20 USD/ton. Due to the large number of imports arriving and a lot of excess inventory, which led US’s domestic market demand remained flat.

In other news, YOEH reports that according to Bureau of International Recycling (BIR) reported that global steel scrap consumption fell the first half year. One of the biggest scrap imported country, Turkey’s steel scrap consumption was 13.2 million ton, decreased of 10.3% year on year.

Bureau of International Recycling said, global steel scrap consumption fell sharply than global steel crude production in the first half of year, compared to the same period of last year.

Meanwhile, the iron ore sport price was significantly lower than steel scarp as a raw material, which led the steel scrap market remained weak.