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

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January 2020 | Steel Scrap and Metallics Forecaster

After tightening through November, scrap fundamentals in Asia are unravelling once more: Asia (Exc.China) Market Analysis

Data for November reveals there was a seasonal correction in bar exports out of China to just under 325,000 tonnes, down from an upwardly revised total of close to 446,000 tonnes in October.

The start of China’s winter season, back in November 2019, would appear not to have negatively affected Chinese steel production as we had expected; thereby adding risks in our view to scrap prices throughout Chinese steel export markets in Asia. But while rebar production surprisingly broke new records last November, in exceeding 22.4 million tonnes for the first time, exports, arguably more important to the Asian scrap outlook, fell.

Data for November reveals there was a seasonal correction in bar exports...


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