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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2019 | Steel Scrap and Metallics Forecaster


Squeezed margins at steel mills weigh on ferrous scrap prices in Turkey and China, despite recent price rises: Latest Analysis


Over the past four months, imported merchant pig iron has been mostly cheaper than local prime scrap in the south-eastern region of the US, which can help to explain why pig iron imports (i.e. consumption of MPI) grew quicker than demand for scrap last year.

Squeezed margins at steel mills weigh on ferrous scrap prices in Turkey and China, despite recent price rises

Despite the cfr Turkey HMS#1&2 (80:20) benchmark has been on the uptrend through the second half of the month amid renewed buying activity after a slow month of December, as well as some stability in the Turkish lira exchange rate versus the US dollar, narrowing margins are likely to limit further price increases. The rebar-to-scrap spread in Turkey hit $155 per tonne in the last week of January, the record...

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