Davis Index – Daily metal prices, scrap prices & global metal market

Ann Joo projects stronger steel exports

Steel demand in Malaysia is expected to fluctuate throughout 2021 given the impact of the COVID-19 pandemic, according to Malaysian steel producer Ann Joo. The steelmaker, however, forecasted a stronger market for exports in its earnings report for 2020. The company plans to continue focusing on exports to China and other Southeast Asian markets this […]

Mill Steel expands in West, Southeast US

Mill Steel has purchased the commercial assets of Los-Angeles-based Prassas Metal Products (PMP) and will take over the steel processing and supply for PMP customers in the Mid-South, Southeastern, and the Western US. The company said in a statement on Tuesday that the acquisition provided it with the opportunity to expand westward. Neither the transaction […]

Geely forms new EV outfit named Zeekr

Chinese carmaker Geely Auto Group has established a new company called Zeekr to meet the growing global electric vehicle (EV) demand. Zeekr will be based in China and will build new EV technology and solutions. The new company’s first vehicle is expected to be delivered in Q3 2021. Production will be undertaken by the parent […]

KGHM’s Cu output, sales rose in Jan-Feb

Polish miner KGHM’s copper production increased by 5.3pc to 119,700mt in January-February 2021, compared with 113,700mt in the same period last year. Sales during this period also increased by 1.2pc to 109,100mt from 107,700mt a year ago. In February, the company mined 58,000mt of copper, up by 5pc from 55,300mt in the same month last […]

US: East Coast, Houston dock prices decline

US East Coast and Houston dock collection prices for ferrous scrap trended down for the second successive week on softening exports and pricing, following gains made in February through early March. Dockside prices have declined by about $10/gt since Mar 16, based on dock location and prior price levels. Pricing for new orders of #1 […]

Brazil’s flat steel sales up 9.8pc in Feb: Inda

Brazilian flat steel distributors’ sales rose by 9.8pc to 312,300mt in February, from 284,600mt in the same month last year, Brazil’s National Institute of Steel Distributors (Inda) indicated in a statement on Mar 23. Total flat steel product purchases also climbed by 5.1pc to 321,900mt last month, from 306,200mt in February 2020, Inda noted adding […]

An open letter to the Chicago mayor: Southside Recycling

Southside Recycling has sent an open letter signed by more than 1,700 stakeholders nationwide urging Chicago’s Mayor Lori Lightfoot, Dr. Allison Arwady, commissioner of CDPH, and Michael Regan, EPA administrator to tour the company’s facility in Chicago and issue the permit for its operations.   In this letter, Southside Recycling which is part of the […]

The good news, and the bad: Shapiro

Happy New Year  We will continue to face a lot of problems in 2022. Even with over 70pc of the US now vaccinated, COVID-19 deaths shockingly have doubled this year to over 800,000,  and the reported Omicron cases are over 600,000 per day. Unfortunately, COVID-19 variants look like they will be with us for a long time. Supply […]

Vale loses 1.5mn mt ore production to rain

Vale estimates a production loss of 1.5mn mt in iron ore production and third-party purchases due to heavy rains that hit the Minas Gerais region a week ago. Still, the company has maintained its iron ore production guidance of 320-335mn mt for 2022.    The Brazilian miner has partially resumed operations at Minas Gerais. In the […]

US: West Coast export yard Fe prices vary

US West Coast export yard ferrous scrap prices varied by region on Tuesday as collection prices at docks adjusted to regional dynamics.   The Davis Index for US-origin HMS 1&2 (80:20) is trending flat and was up $0.50/mt to $427.50/mt cfr against last week’s $427/mt cfr Turkey.    Collection prices are rising in the EU […]