January's remaining festive sheen has quickly been erased by further worries over the Chinese economy.
Stock & commodity markets reacted with volativity across the globe with daily falls and corrections. The end of the month sees Chinese New Year holidays which are normally tricky for the markets to negotiate.
Overall scrap prices remain similar to those at the end of December. Most opinions felt steel would remain unchanged in January but news about TATA Port Talbot plants continuing issues may see this confidence wane.
Non ferrous scrap grades look weak on market data and lack of demand - but at this point copper, lead, stainless and aluminium scrap prices are also similar to December 2015.