Recent deep-sea and short-sea cfr Turkey scrap deals

: Metals
26/05/08

A summary of the most recent deep-sea and short-sea cfr Turkey ferrous scrap deals seen by Argus.

Ferrous scrap deep-sea trades (average composition price, cfr Turkey)
Date	Volume, t	Price, $	Shipment	Buyer	Seller	Composition	Index relevant


5-May	40,000	408 (80:20)	June	Samsun	Cont.Europe	HMS 1/2 80:20, shred, bonus	Y
5-May	40,000	411 (80:20)	June	Izmir	Scandinavia	HMS 1/2 80:20, shred, bonus	Y
30-Apr	40,000	415.50 (85:15)	June	Iskenderun	USA	HMS 1/2 80:20, shred, bonus	Y
30-Apr	40,000	402 (80:20)	May	Iskenderun	Cont.Europe	HMS 1/2 80:20, shred, bonus	N
29-Apr	37,000	406 (80:20)	May	Marmara	Baltics	HMS 1/2 80:20, shred, bonus	N
28-Apr	40,000	402 (80:20)	June	Marmara	Baltics	HMS 1/2 80:20, shred, bonus	N
27-Apr	40,000	410 (80:20)	May	Marmara	Scandinavia	HMS 1/2 80:20, shred, bonus	Y

Ferrous scrap short-sea trades (average composition price, cif Marmara)
Date	Volume, t	Price, $	Shipment	Buyer	Seller	Composition	Index relevant


27-Apr	3,000	391 (90:10)	April	Turkey	Moldova	HMS 1/2 90:10	Y
27-Apr	3,000	390 (80:20)	April	Turkey	Greece	HMS 1/2 80:20	Y

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26/05/08

EU steel prices sustained by trade measures: Assofermet

London, 8 May (Argus) — EU mills are sustaining steel prices through trade barriers rather than stronger demand, Italian steel association Assofermet said on Friday. Weak demand from European manufacturing end users continued in April as geopolitical tensions, US tariffs and uncertainty around the EU's Carbon Border Adjustment Mechanism weighed on sentiment. Buyers continued to limit purchases to what they needed to cover existing orders, with no appetite for restocking, the association said. Assofermet also flagged concern ahead of the revised EU safeguard measures due to enter force on 1 July, which will reduce available import quotas by 47pc and double duties on volumes exceeding quarterly quotas. The association said increasingly constrained imports are making it harder to source certain steel grades within the EU market. The group also backed stricter "Made in EU" procurement rules, similar to European steel association Eurofer , which warned about defining European steel based on where material is melted and poured to prevent imported substrate processed in the EU from qualifying as European-origin steel. Italian steel distributors reported lower sales volumes and prices in April compared with the same month last year, with long steel and flat steel products both under pressure. The automotive and heavy engineering sectors continued to be affected by US tariff policies and uncertainty surrounding potential measures on European cars. Assofermet expects the market to remain cautious at least until the implementation of the revised EU safeguard measures and the 1 August deadline for EU-US trade negotiations. By Elif Eyuboglu Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Brazil's April pig iron exports down, scrap up

26/05/08

Brazil's April pig iron exports down, scrap up

Sao Paulo, 8 May (Argus) — Brazil's pig iron exports dropped in April, largely because trade with the US stalled over tariff uncertainty and a major domestic holiday in February. Brazilian pig iron producers exported around 267,155 metric tonnes (t) of pig iron in April, down by 27pc from approximately 367,165t in the same period last year. The decrease is mostly owed to market dynamics from February, as pig iron shipments usually have a two-month lag from the date in which the sale was executed to when the cargo is loaded and marked as exported, meaning April shipments were generally booked in February. A combination of factors led to the decline, including lower US demand, a major holiday in Brazil and tariff uncertainty. Some US buyers stepped out of the market in the first two weeks of February as they were sufficiently stocked at the time because of a series of purchases made in December and January. After that, Brazil-based sellers slowed exports because of Carnaval, the largest holiday in Brazil's calendar year with around five consecutive days off. In 2025 the same holiday instead stretched mostly into March. In late February, just days after Carnaval, US president Donald Trump announced that he was mulling a 5 percentage-point increase to his 10pc blanket levy, making sellers hesitant to execute sales before the policy became clearer — again slowing sales. The US accounted for 97pc of all Brazil's pig iron exports in April. There were no shipments to Europe in the period. Ferrous scrap Brazil's April ferrous scrap exports marginally increased from a year before. Brazilian scrapyards exported almost 58,810t in April, a 9pc increase from the same period last year. India and Bangladesh received over 85pc of all exports from Brazil, with Indian buyers purchasing nearly 66pc of all volumes. The remaining shipments were scattered among 17 other countries. By Pedro Consoli Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

US adds 115,000 jobs in April, jobless rate flat

26/05/08

US adds 115,000 jobs in April, jobless rate flat

Houston, 8 May (Argus) — The US added 115,000 nonfarm payrolls in April, marking the first back-to-back job gains in nearly a year, suggesting a mending labor market just as Gulf war energy impacts begin to hit the job market. Job gains in March were revised higher by 7,000 to 185,000 and employment for February was revised lower by 23,000 to 156,000 jobs lost, for a combined 16,000 lower than previously reported, the Bureau of Labor Statistics (BLS) reported. Economists surveyed by Trading Economics forecast median gains of 65,000, about even with average monthly job gains throughout all of 2025. The jobless rate held steady at 4.3pc. The data "bolster the case for thinking the labor market is convalescing," Pantheon Macroeconomics said in a note. "But the continued weakness of surveys of hiring intentions and the developing pressure on firms' costs from the surge in energy prices suggests it is too soon to sound the all-clear." Average hourly earnings rose by an annual 3.6pc in April from 3.4pc the prior month. "A good part of the slowing in the pace of job growth over the past year reflects a decline in the growth of the labor force, due to lower immigration and labor force participation, though labor demand has clearly softened as well," outgoing Federal Reserve chair Jerome Powell told reporters last week. Federal government jobs fell by 9,000 and were down by 348,000 on the back of President Donald Trump's campaign of government layoffs since reaching a peak in October 2024. Federal workers on furlough during the partial shutdown were counted as employed. Transportation and warehousing gained 30,000 jobs and retail trade gained 22,000 jobs. Private education and health services gained 46,000 jobs after 91,000 gains the prior month. Employment in information fell by 13,000, including in telecommunications, motion picture, data processing, web hosting and other artificial intelligence (AI) related industries. Information employment is down by 342,000, or by 11pc, from a November 2022 peak. Financial activities lost 11,000 jobs. Manufacturing lost 2,000 jobs and is down over the past year. Mining and logging gained 3,000 jobs. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

CFC Recycling acquires Goolsby & Sons

26/05/07

CFC Recycling acquires Goolsby & Sons

Houston, 7 May (Argus) — Tennessee-based CFC Recycling has acquired Goolsby & Sons (G&S) Recycling, expanding its footprint in the state with a third scrapyard and adding a new feedstock source for its nonferrous shredder. CFC plans to temporarily close the G&S site in Gallatin, Tennessee, to renovate buildings and equipment and to concrete surfaces, the company told Argus on Thursday. CFC plans to fully reopen the location in June after holding a soft opening on 18 May. Financial details of the acquisition were not disclosed. CFC runs scrapyards in Tullahoma and McMinnville, Tennessee, recycling both ferrous and nonferrous scrap. It operates a 3Tek Bravo 6280 hammer mill shredder, through which it shreds stainless steel and "aluminum specialty items". By Alex Nicoll Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

US stainless scrap exports up in March

26/05/06

US stainless scrap exports up in March

Houston, 6 May (Argus) — US stainless scrap exports rose in March while imports declined, according to data from the US Department of Commerce. US stainless exports were 26,500 metric tonnes (t) in March compared with 23,100t a year prior. Scrap volumes to Canada rose to 3,100t in March from 2,200t a year earlier, while exports to Mexico increased to 1,400t from 400t a year earlier. US stainless scrap imports of 23,000t in March were down from 25,100t a year prior, with Canadian volumes of 12,300t in the latest month down from 14,900t in the prior year period US finished stainless exports for March were 45,500t compared with 41,500t a year earlier, with the increase driven by higher volumes to Mexico. US finished stainless imports in March were 75,000t, down from 102,300t in the prior year. Imports from Taiwan dropped to 11,400t in March from 16,000t in the prior year, while Indian volumes of 9,900t were down from 12,700t. Imports from Indonesia of 4,200t in March were down from 7,000t in the prior year, while volumes of 2,700t from the UK were down from 5,800t a year earlier. By Rye Druzchetta US stainless scrap, finished imports/exports t March 2026 March 2025 Difference (t) Difference (%) 1Q 2026 1Q 2025 US stainless scrap exports 26,451 23,136 3,315 14.3% 71,372 61,610 US stainless scrap imports 23,018 25,104 -2,086 -8.3% 57,542 66,313 US finished stainless imports 75,020 102,261 -27,241 -26.6% 209,144 291,859 US finished stainless exports 45,467 41,545 3,922 9.4% 79,386 126,105 US Department of Commerce, Global Trade Tracker Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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