Steel Scrap Supplier Worldwide Reduce Price a Lot

Recently, international price from steel scrap supplier began to fall, reduced more than 30 USD/TON. The reason for reducing is international steel market came into a consolidation period. Steel products include scrap, steel plate, steel line pipe welded and seamless requirements going into a weak trend, and the steel scrap supplier capacity increased.

Turkey steel import market reduced a lot, mainly due to steel products requirements decrease. According to the data, a steel manufacturer in Turkey imported heavy scrap (80:20, mixed No 1,2) from US. The price is 267 USD/TON(CFR). The price is 262-263 USD/TON from Europe. It has reduced more than 30 dollars per ton compared to previous period, it’s not a good news for the steel scrap supplier.

US importers are seeking chances from domestic market, steel scrap supplier reduce the price.

Due to the import steel products reduced, US importers are seeking chances from domestic market. However, as steel products supply capacity increased, US domestic steel scrap market going weak slightly in April, steel scrap price reduced 10-30 dollars / ton, steel scrap supplier could not sell as expected. East coast district steel scrap market reduced more than the other area. Ohio steel scrap price reduce 35-40 USD/Ton, inland areas reduce small. Michigan steel scrap prices reduce 25 US USD/Ton.

In March, US central eastern steel plate manufacturers offer the steel scrap at 320-325 USD/Ton. Although it has reduced 10-30 USD/Ton, the price is still attractive compared to international price.

East Asia bulk heavy steel scrap imported market continued to shrunk

East Asia bulk heavy steel scrap import market continued to shrunk, bulk No 1, 2 mixed heavy scrap (80:20), from previous 315-323 USD/Ton (CFR) reduced to 295-300 USD/Ton (CFR). Vietnam steel import market also reduced, bulk heavy steel scrap quoted price is 304 USD/Ton, buyers give a price at 290 USD/Ton (CFR).

Japan Steel Scrap Market Reduced

Japan imported market become weak for steel scrap, East countries imported No.2 heavy steel scrap at price of 28000 Yen/Ton(252 USD/Ton , declined 1000-1500 Yen/Ton compared to the previous period. Because of China Spring Festival, there is no inquiry from China mainland and Taiwan district.