Scrap Price Bulletin is part of Fastmarkets

Renewed US-China trade tensions with Donald Trump’s second presidential term could bolster Southeast Asia’s aluminium scrap industry in 2025, particularly amid still-growing Chinese demand, sources told Fastmarkets by Tuesday, January 14.

Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.

China issued its first national standard for black mass material used in lithium-ion battery recycling on the final day of 2024, with market participants expecting that it will provide clearer guidance on importing the material into the powerhouse country, Fastmarkets heard on Friday January 10.

Fastmarkets published its MB-STE-0232 Steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Friday January 10, 2025.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our January survey.

Fastmarkets has corrected its MB-AL-0350 aluminium ingot ADC 12, exw dp China assessment, which was published incorrectly on Tuesday December 24, 2024.

On Tuesday December 10, 2024, Fastmarkets published its MB-STE-0232 Steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton.This price is part of the Fastmarkets Scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.

Trading of the contract started on Monday December 16, 2024, on the CME Globex electronic trading platform and for submission for clearing via CME ClearPort.

After market feedback, Fastmarkets is extending the consultation period for its proposal to discontinue its MB-STE-0423 Steel scrap shredded, index, delivered Midwest mill, $/gross ton; its MB-STE-0424 Steel scrap No1 heavy melt, index, delivered Midwest mill, $/gross ton and its MB-STE-0882 Steel scrap No1 busheling, indicator, delivered Midwest mill, $/gross ton, effective January 2025.

An accident on the major Moselle river earlier this week has led to some steel companies based in Germany and neighbouring countries scrambling for alternative logistical solutions to complete orders and source raw materials, Fastmarkets heard on Wednesday December 11.