Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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292 news items in Scrap. Show all
Turkey's scrap import prices declined this week amid a cautious market mood, with scrap buying activity limited by weak demand for finished steel. Scrap import prices are now assessed at USD 360-365 per ton CFR, down…
Pakistan's scrap imports rose by 4.68pct YoY in September 2024, as reported by the Pakistan Bureau of Statistics. The country imported 211,539 tons of scrap that month, compared to 202,078 tons in September 2023. In the…
The delay in implementing budgetary measures to modify the tax regime for steel producers sourcing local scrap from unregistered suppliers has cost the government over PKR 30 bln (USD 108 mln) since July. The measures…
Turkey's scrap import prices fell this week due to weakening demand for Turkish finished steel. Scrap import prices are now assessed at USD 365-370 per ton CFR, down from USD 385-390 per ton CFR last week. Last week's…
Turkey's scrap import prices surged this week as Turkish steel mills continued to secure more cargoes to replenish inventories, driven by improved steel demand. Scrap prices rose to USD 385-390 per ton CFR, up from USD…
Turkey's scrap import prices surged this week, driven by improved market sentiment and a positive outlook following the rise in Chinese steel prices. Scrap prices were assessed at USD 380-385 per ton CFR, up from USD…
Turkey's scrap imports rose by 4pct YoY in the first eight months of 2024, according to data from the Turkish Statistical Institute (TUIK). From January to August 2024, Turkey imported approximately 13.5 mln tons of…
Turkish steel producer Kardemir has increased its rebar prices in the latest sales round, according to the company's updated price list. Market insiders noted that the company sold significant volumes and closed sales…
Pakistan's scrap imports saw a slight decrease of 0.36pct YoY in August 2024, according to the Pakistan Bureau of Statistics. The country imported 211,700 tons of scrap that month, down from 212,455 tons in August 2023…
Turkey's scrap import prices held steady this week as Turkish steel mills booked several cargoes to replenish inventory. Scrap import prices were assessed at USD 360-365 per ton CFR. In the finished steel segment…
Murat Cebecioglu, chairman of IREPAS (International Rebar Exporters and Producers Association), highlighted at a conference the growing instability in the global long steel industry's supply and demand balance, with…
Turkey's scrap import prices declined this week as Turkish steel mills booked several European-origin scrap cargoes at lower prices. Scrap import prices were assessed at USD 360-365 per ton CFR, down from USD 370 per…
Demand for rebar and wire rod is projected to reach 7.5 mln tons in 2024, according to Jassem Abbas, Vice Chairman of the National Committee for Steel Industry (NSCI) and General Manager of Sales, Marketing, and…
Turkey's scrap import prices remained stable this week as buyers evaluated the market in light of cheaper billet offers from China. Scrap prices were assessed at USD 370 per ton CFR, unchanged from the previous week…
Turkey imported 11.6 mln tons of scrap in the first seven months of 2024, a slight increase of 0.5pct compared to the same period last year, according to the Turkish Statistical Institute (TUIK). The US was Turkey's…
Turkey's scrap import prices rose this week as mills booked cargoes at higher rates, though a sharp decline in Chinese prices dampened market sentiment toward the end of the week, potentially limiting further price…
Hydnum Steel, Spain's first green steel plant, has signed a Memorandum of Understanding (MoU) with Euroports, a leading European port and logistics operator, to develop integrated logistics solutions for optimizing the…
Turkey's scrap import prices strengthened this week, driven by improved market sentiment in the finished steel sector. Scrap import prices were assessed at USD 360-365 per ton CFR, up from USD 355-360 per ton CFR last…
In July 2024, Pakistan's scrap imports rose by 15.6pct YoY, as reported by the Pakistan Bureau of Statistics. The country imported 210,786 tons of scrap that month, compared to 182,340 tons in July 2023. For the first…
German special steel producer Lech-Stahlwerke (LSW) has issued the final acceptance certificate (FAC) to Primetals Technologies for an innovative scrap torch-cutting machine at its Meitingen plant. This new facility…
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