Page 74 from: West Coast report + Plastics Special
duced 9.3 million tonnes (+4.0%),
Japan 8.8 million tonnes (-0.4%) and
South Korea 6.0 million tonnes (-2.6%).
The EU totals for June were Germany
3.4 million tonnes (-5.8%), Italy 2.1 mil-
lion tonnes (-2.5%), France 1.3 million
tonnes (+3.4%) and Spain, 1.2 million
tonnes (+2.3%).
The US total of 7.3 million tonnes was
up 3.1% compared to June 2018 while
the Brazilian total was also down 3.1%
at 2.8 million tonnes. Turkey’s 2.7 mil-
lion tonnes was down 11.0% and
Ukraine’s 1.7 million tonnes was a fall
of 3.0%.
Earlier output reported since our last
issue included a Q1 global total of
Ferrous Scrap Prices Reference date: August 5
USA Domestic Scrap Prices* (US$/GRT)
HMS 1 heavy steel scrap (1/4 Inch) composite price delivered at mills
USA Export Prices* (US$/GRT)
HMS 1, heavy steel scrap (1/4 Inch)
Composite Sales Price
ex Yard in Germany** (€/t)
E3/European Standard Quality No. 3, heavy old steel scrap (>6mm)
CFR Prices for shipments
from EU to Turkey (US$/t)
HMS 80/20 heavy steel scrap
– Highest price
– Lowest price
– Fob East Coast price
– Fob West Coast price
J A S O N D J F M A M J J
350 325 330 322 340 340 310 300 320 305 272 247 242
350
325
330
322
340 340
310
300
320
305
247
242
150
200
250
300
350
J A S O N D J F M A M J J
J A S O N D J F M A M J J
307 280 295 302 298 265 272 290 304 290 282 272 278
325 300 320 325 315 295 283 315 317 310 290 280 273
307
280
295
302
298
265 272
290
304
290
282
272
278
325
300
320
325
315
295
283
315 317
310
280
273
200
250
300
350
400
J A S O N D J F M A M J J
J A S O N D J F M A M J J
340 300 310 315 320 283 273 279 309 303 282 279 292
350 310 320 325 337 303 283 325 317 310 310 298 300
340
300
310
315 320
283
273 279
309
303
279
292
350
310
320
325
337
303
283
325
317
310
298
300
200
250
300
350
400
J A S O N D J F M A M J J
J A S O N D J F M A M J J
265,9 260,8 248,8 251,2 255,4 255,6 238 249,3 253,3 252,8 242,4 236 231,1
265,9
260,8
248,8
251,2 255,4
255,6
238
249,3 253,3
252,8
242,4
236
231,1
150
200
250
300
350
J A S O N D J F M A M J J
444.1 million tonnes – up by 4.5% com-
pared to the same period in 2018.
Additionally, In April 2019, world crude
steel production was 156.7 million
tonnes, a 6.4% increase on April 2018.
In May it was 162.7 million tonnes, up
5.4% on a year earlier.
COMPETING COMMODITIES
China’s iron ore imports in April fell to
an 18-month low following poor
weather in Brazil, supply disruption and
a mine accident. Imports totalled 80.77
million tonnes in April, down from
86.42 million tonnes in March and
82.92 million tonnes in April 2018,
according to Chinese Customs data.
Over the first quarter of 2019, China
imported 340.21 million tonnes of iron
ore, down 3.7% over the same period
a year before. Import volumes moved
back up in May to 83.75 million tonnes,
a 3.7% increase on April but 11% down
from May 2018.
In June, Australian iron ore imports
reached 75.18 million tonnes, down
from 83.24 million tonnes in June
2018.
Prices for iron ore reached were rela-
tively stable towards the end of April
and into May, at around US$ 93 per
tonne, according to Metal Bulletin’s re-
named 62% Fe Iron Ore index price,
published by Fastmarkets. But they
MARKET ANALYSIS
74
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72-73-74-75_maferrous.indd 74 08-08-19 11:20
