2 Germany Ferrous 3 Europe Steel 3 Turkey Ferrous 4 Spain Ferrous 5 UK Ferrous 5 Russia Ferrous 6 US Ferrous DID YOU KNOW? Argus Metal Prices provides comprehensive and detailed coverage of the global scrap markets in a single product with over 1,000 scrap price assessments. WHITE PAPER Major domestic markets strong as export currents shift FERROUS SCRAP BRIEF INSIDE 1,000 scrap price assessments For a personalized demo or free trial of Argus Metal Prices, please visit www.argusmedia.com/argus-metal-prices
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
2 Germany Ferrous
3 Europe Steel
3 Turkey Ferrous
4 Spain Ferrous
5 UK Ferrous
5 Russia Ferrous
6 US Ferrous
DID YOU KNOW?
Argus Metal Prices
provides comprehensive
and detailed coverage of
the global scrap markets
in a single product with
over 1,000 scrap price
assessments.
WHITE PAPER
Major domestic markets strong as export currents shift
FERROUS SCRAP BRIEF
INSIDE
1,000scrap price assessments
For a personalized demo or free trial of Argus Metal Prices, please visit
www.argusmedia.com/argus-metal-prices
Argus Media 2
DID YOU KNOW?
Germany Ferrous: Logistics problems to persist
Demand for ferrous scrap in Germany is likely to remain comparatively
strong in the near-to-medium term, although a typical seasonal slowdown
is likely to cause consumption to fall in December.
But delivering material on time and in a cost-effective way could continue
to be a major challenge for suppliers and consumers alike. The inland
waterway system in northwest Europe has seen frequent disruptions since
summer as a result of low water levels on the Rhine river, and the situation
may not improve until March-April next year.
And deliveries by alternative transportation modes such as rail and truck
also face delays and increased costs.
A lack of railcars has caused severe delays to deliveries of ferrous scrap
and steel products by rail throughout 2018. Some rail freight forwarders
and forwarding agents were heard to have ceased taking orders from new
customers from June-July onwards.
The expansion of Germany’s road toll system and a planned increase in
toll rates on 1 January 2019 could cause further delays to scrap deliveries
and drive transportation costs higher. Transportation costs by truck are
estimated to have already increased by €1-3/t following the German
government’s extension of toll charges for trucks to all federal roads on 1
July this year.
Disruptions on the Rhine and associated inland waterways could lead
ferrous scrap prices in southern Germany to diverge from those in the rest
of the country, as suppliers experience increased difficulty in transporting
material to and from other regions. Price movements for different grades
in the region could also diverge. German exports of turnings to Italy rose
by over a third from a year earlier in January-June, and prices of this grade
in southern Germany could increase more sharply relative to other grades
and other regions in the near term if Italian demand remains strong and
transportation issues persist.
Disruptions and higher freight rates on the Rhine could also drive
exporters in the Netherlands and Belgium to source less scrap from
Germany.
But deep-sea exports from Bremen and Hamburg are expected to remain
comparatively stable, while containerised demand may increase on
stronger interest from India and other Asia-Pacific countries.
German exports of
turnings to Italy rose by over a third from
a year earlier.
Argus Media 3
Europe Steel: Contraction in auto sales is a concernSentiment has weakened in the European steel coil
markets since August-September. A combination of
competitive import offers and softening end demand
has dented mills’ expectations of securing price rises in
the fourth quarter.
Import offers from Turkey have been competitive since
the sharp depreciation of the lira and the contraction
in Turkish domestic steel demand in August.
Turkey accounted for 44pc of the EU wide strip import
market in August, with shipments of 276,497t from
a total 625,741t. This is Turkey’s highest recorded
monthly share of the EU wide strip market, and market
ARGUS, the ARGUS logo, ARGUS MEDIA, Argus Battery Materials Monthly Outlook , other ARGUS publication titles and ARGUS index names are trademarks of Argus Media Limited. ARG1025 10-18
IN ADDITION TO ARGUS METAL PRICES, WE ALSO OFFER ARGUS METALS INTERNATIONAL AND ARGUS FERROUS MARKETS.
Argus Ferrous Markets Formerly Argus Steel Feedstocks, this service provides the most accurate, and unbiased pricing, including over 150 price assessments from global ferrous markets, including coking coal, iron ore, ferrous scrap, steel and relevant freight rates. Access to exchange data from LME (London Metal Exchange), CME (COMEX and NYMEX), and SHFE (Shanghai Futures Exchange) are also available as a standard part of the service.
Argus Metals International This service provides the latest accurate, unbiased pricing, including over 700 price assessments from global non-ferrous markets, including minor metals, rare earths, ferro-alloys, base metals and non-ferrous scrap. It also offers indexation-standard assessments used and trusted in non-ferrous markets around the world, including minor metals, base metals premiums, ferro-alloys and rare earth elements. Access to exchange data from LME (London Metal Exchange), CME (COMEX and NYMEX), and SHFE (Shanghai Futures Exchange) are also available as a standard part of the service.