February 2013

UK domestic scrap prices fall for February

UK domestic scrap prices for delivery to major steelworks fell in February settlements, market participants told Metal Bulletin sister title Steel First on Monday February 18.

DAILY SCRAP REPORT: Gains expected on Turkish import scrap prices

Turkish scrap import prices are expected to strengthen, following Chinese steel markets upward, market participants said on Monday February 18.

RESOURCE NATIONALISM: South Africa to review mining royalties this year – Zuma

South Africa will conduct a review of the country’s mining royalties later this year, president Jacob Zuma announced during the annual state of the nation address on Thursday February 14.

DAILY SCRAP REPORT: Prices expected to increase on Asian market recovery

The Turkish scrap market will follow Asian scrap prices higher in the coming week, a trader told Metal Bulletin sister title Steel First on Friday February 15.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday:

European secondary Al market offers no relief on producer margins

European secondary aluminium ingot prices rose on Friday February 15, though producer margins remained under severe pressure as scrap prices also increased.

Sims records A$78m writedown on UK inventory

Sims Metal Management has recorded a writedown of A$78 million ($80.7 million) on its UK inventory, the company said on Friday February 15.

Malaysian, Chinese demand boosts US scrap exports in December

US ferrous scrap export volumes rose in December 2012 after three consecutive monthly declines, largely due to a surge in demand from Malaysia and China.

DAILY SCRAP REPORT: Index dips on sale from Europe

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap material ticked down on Thursday February 14, after a European cargo was recently heard to have sold in the market.

Aurubis copper scrap input boosted by strong prices, weak Asian demand

Aurubis recorded a 22% jump in copper scrap input in the final quarter of 2012, as higher prices and weaker demand from Asian recyclers led to improved availability, the company said on Thursday February 14.