On the past week demand in key markets has increased somewhat. The level of activity was significantly different depending on the region.
Importers of Turkey has significantly intensified against the background of the need to replenish depleted inventory. In addition, buyers also need to work with the Contracting material in the second half of January. However, the successful diversification of sources of scrap allowed them to avoid a significant rise in scrap. So mixed batch of material consisting of 35 thousand tons of HMS 1&2 (80:20) and 5 thousand tons of P&S, was implemented for 393 $/t cif. At the same time, the scrap bonus stamps were sold for 406 $/t cif. Traders do not intend to deviate from cenopopulations tactics, despite weak demand in the segment of long products. And the reason for such persistence is the fall in scrap and rising prices in the domestic markets of their countries.
On the Russian domestic market showed signs of reversal of price trend due to decline in supply and gradual reduction of stocks at the mills. So the scrap value 3A in the Central region has remained unchanged and is 9000-9950 RUB/t cpt. In the Urals quotes grew up to 8500-9500 RUB/t cpt.
On the domestic Italian market quotes have increased by an average of 8 to 13 $/t in connection with the reduction of the material. However, adding stocks to an acceptable level, buyers are once again gone from the market. This assumes that the lull in the segment of scrap will last until the end of the first half of January. Currently, the scrap value of the brand Those 365-378 $/t cpt, Shredded 431-438 $/t cpt, and Busheling – 431-444 $/t cpt.
In the Asian market the prices go up. In this case, if Japanese export prices increased by $12 under the influence of growth of purchase prices from the largest consumer of commodities in the domestic market of Japan (TokyoSteel), the price increase in Taiwan was due to the decrease in supply from the us suppliers, and the emerging recovery in the segment of long products. So the last deal with US traders was for 368 $/t cif Taiwan for scrap HMS 1&2 (80:20).
Thus, the global market shows signs of revival dynamics of prices. However, continued weak demand for rental creates serious obstacles to the preservation of a positive trend for a long time.
 
Yuri Dobrovolsky,
The "Delphica"Project
 
HELP
Information portal Delphica was developed by specialists of "industrial development Agency" in partnership with GP "ukrpromvneshekspertiza".
One of the main directions of our activity are analyses of markets and a wide range of consulting services in the sectors of steel and metallurgical raw materials. Such works provide our clients detailed information about the current state of the markets, contain forecasts of their development for a certain term, help to determine the strategy and direction of business development.
Contacts: Ukraine, 04053, Kyiv, Artema str., 60 tel: +38 044 4844368,
E-mail: press-center@delphicasteel.com, www.delphicasteel.com