Research

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

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February 2019 | Steel Scrap and Metallics Forecaster


Chinese scrap prices under pressure from low margins, abundant supply: China Market Analysis


Margins between domestic rebar and ferrous scrap in the year-to-date have fallen to their lowest monthly averages since autumn of 2016, our calculations show.

China’s premium for scrap over hot metal almost halved over in February. Fears over supply in the iron ore markets caused by Vale’s dam collapse in January has led to hot metal costs rising more sharply than those for scrap over the past month. Chinese domestic heavy scrap prices increased to an average of 2,715 yuan ($406) per tonne including VAT in February, up 33 yuan ($5) month on month while over the same period hot metal costs...

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