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Japanese domestic scrap prices fall
Ferrous scrap prices in Japan underwent a downward correction in mid-January, after trending upward since July, as domestic Kanto steel mills around Tokyo cut scrap procurement prices by $9.6-19.3/tonne from 11 January to cool market frenzy. Tokyo Steel Manufacturing,...
Chinese steel mills’ steel stocks grow further by 6.3%
Inventories of the five main finished steel products held by China's 184 steel mills rose for the third consecutive week from 7-13 January, as domestic steel producers continued to produce normally, while steel consumption among end-users declined further. Total...
Turkey’s ferrous scrap imports increased slightly
The world's largest importer of ferrous scrap recorded a 9% increase to €2.01m in November 2020 from €1.85m in October 20. Pre-winter replenishment led to an increase in imports. The US market share in scrap imports remains at 20%. In January-November, Turkey's scrap...
Nippon Steel raises flat steel prices by $144/mt for February
Nippon Steel, Japan's largest integrated steel producer, has raised the prices of its carbon steel rolled products to $144/tonne for February shipments as production costs have risen, which could allow domestic steel prices to rise to reach global levels. The price...