Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

International scrap market remain high

International scrap market remain high, the Christmas holidays and winter collection difficult lead to scrap market resources supply partial tight, and at the same time, due to the Asian steel market to rise, electric furnace steel scrap purchase demand increased, led the scrap prices remain high in supply and demand, and the economic environment will become influence later scrap price trend of the main factors.
European scrap market overall rise. Because winter tight supplies and rising demand for steel in December, Italy scrap dealers push high scrap prices rising, 5-10 euros/ton. At present, the Italian remelting scrap prices for 300-310 euros/ton, the new production scrap prices for 315-330 euros/ton, shredded scrap prices for 310-320 euros/ton, a rise in late November 10-5 euros/ton. Since December Germany scrap average prices 11 euros/ton, a rise in November 25 euros/ton. Among them, the remelting scrap or highest, a rise in November 12 euros/ton to 284 euros/ton, the new production scrap prices and euros/ton to 286 euros/ton, shredded scrap prices and euros/ton to 294 euros/ton. The Spanish scrap prices remain stable, because Christmas vacation will be suspended during steel production, scrap steel procurement activities is still slow. At present, the remelting scrap prices for 290-300 euros/ton, the new production scrap and shredded scrap prices for 310 euros/ton.
In Turkey, as scrap steel prices, steel mills purchasing slowdown in Turkey last week of December 7 batch of imported to February next year during shipping scrap. Among them, from the east coast of the United States imports of 1, 2 mixed heavy waste (80: twenty) offer for 391-393 usd/ton (CFR). Because of the euro against the dollar is strong, the market resources from Europe is not much, Turkey steel from Romania imported 40000 tons of scrap.
East Asia scrap import market to rebound, mainly from the west coast of the United States by the scrap supply drop and local steel mills replenish stock pull. China last week from the west coast of the United States imported 2 batches shipped early February the bulk scrap, 1, 2 mixed heavy waste (80: twenty) of imports for 403 dollars/ton (CFR), shredded scrap imports for 408 dollars/ton (CFR), higher than the previous week South Korea from the bulk scrap imports $385 / ton (CFR). China Taiwan from the scrap import prices also rise, container 1, 2 mixed heavy waste (80: twenty) of imports picked up to 367-368 usd/ton (CFR), and a week before the price is $360 / ton (CFR). Japan scrap export markets continue to climb, Tokyo system steel December 21, the raise scrap purchase price 500-1000 yen/ton, the exporter is seeking to 2 heavy waste export quotation mention to 30000 yen/ton (FOB), clinch a deal valence is expected to quickly climbed to 29000 yen/ton (FOB). Market participants said that as the New Year holiday coming, the next two weeks Japan scrap prices are likely to remain stable.
In South Korea, due to local scrap supplier delivery slow, as well as from the Japanese scrap import prices continue to rise, the domestic scrap prices from rising steadily since early December. A small steel mills domestic 2 heavy scrap purchase price is rising last week 1-20000 won per ton to 36-370000 won per ton.




Other News:
International scrap market remain high
Shoppers disappoint retailers this holiday season
Toyota plans to sell 9.7 million vehicles in 2012
Oil prices rise as 'fiscal cliff' talks to resume
Pakistani militants 'abduct 22 paramilitary police'
World's longest fast train line opens in China
EU accuses Samsung of patent abuse in Apple lawsuits
Florida fossils dealer admits dinosaur smuggling