Ferrous

As the global ferrous recycling community gathers in Bangkok for the latest BIR World Recycling Convention, our industry stands at a defining moment. Around us, the world of steel recycling is being reshaped by market volatility, shifting trade flows and the accelerating drive towards decarbonisation (...)

• China`s recycled steel usage down by 11.4%
• Turkey`s overseas recycled steel purchases reduced by 5.8%
• EU-27 still the world`s top recycled steel exporter

• Weak demand dents crude steel production
• Downward price pressure on recycled steel
• Export opportunities become less attractive

• Falling prices impair recycled steel availability
• Turkish steel market in unusually stable phase
• Prospect of stronger period for container market

• Reduction in UK container sales prices
• Volumes into shredders under pressure
• Depressed short-sea market outlook

• Recycled steel market maintains summer doldrums stall
• New steel prices continue to wane as restocking fails to materialise
• Scant support from range-bound US recycled steel exports

• Chinese steel exports remain robust
• Pressure on steel industry in South Korea and Taiwan
• Subdued Indian demand for imported recycled steel

• Recycled steel market largely flat since early July
• Only small gains in recycled steel prices
• August exports record a year-to-date low

• Many collectors abandoning the trade
• Market distorted by Price Preference System and export duties
• Newcastle long-steel closure to devastate communities

• Saudi recycled steel market firm on tight availability
• UAE retains recycled steel export duty
• Misco acquisition nearing completion in Oman