Tag: scrap

LME to discuss ferrochrome, stainless scrap contracts

LME to discuss ferrochrome, stainless scrap contracts

The London Metal Exchange would be open to discuss future contracts for stainless steel scrap and ferrochrome

Turkish scrap imports rise on increased EAF output

Turkish scrap import volumes continued to grow in 2012 on increasing production from electric arc furnaces (EAF) in the country, according to data recently released by the Turkish Statistical Institute (TUIK).

Japanese scraps rises

The price in Japan for nickel alloyed stainless steel scraps (new clippings) rose to JPY 125,000 per ton, delivered to mills' yard, from JPY 120,000 per ton, the latest price quoted by the mills for December deliveries.

Stainless demand still weak

According to Meps orders on the stainless mills continue to fall despite massive production cuts. Suppliers of raw materials - nickel, chromium, molybdenum and scrap - have all reduced their selling prices in an effort to stimulate the market but to no avail.