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Turkish imported scrap prices rise to eight-year highs
Turkish steel producers successfully maintained the upward trend in the global scrap price, with prices rising to an eight-year high. Despite the increase in the price of imported scrap, Turkish steel producers actively booked numerous bulk cargoes throughout the week...
New standards for scrap steel to be announced on 1 January 21
A short statement titled "Recycling of ferro-steel materials", published on the website of China's National Public Service Platform for Standards Information, confirms that the long-awaited introduction of new classification standards for the country's scrap steel...
Chinese traders optimistic about short-term scrap sales
Chinese steel scrap traders remain generally optimistic about scrap demand among domestic mills in the short term, especially when many steelmakers are still showing a healthy appetite for feed to maintain their production. Steel mills are still enjoying good margins...
Tokyo Steel halts steel sales to assess market situation
Tokyo Steel Manufacturing, Japan's leading producer of electric arc furnace steel, has decided to stop receiving new steel orders as of December 14, taking time to evaluate the market situation due to the rapid changes that have occurred lately. The company will not...