March 2013

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday:

DAILY SCRAP REPORT: Index ticks down on low Turkish demand

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap continued to weaken on Wednesday March 20, on continued poor demand from Turkish steel mills.

UK secondary Al prices flat as panic scrap buying subsides

UK secondary aluminium ingot prices were flat on Wednesday March 20, with producers cutting back operations after refusing any further scrap metal price increases last week.

MB WORLD LEAD CONF: China’s lead concentrate imports will fall 19% in 2013 – BGRIMM

China’s imports of lead concentrates will fall by 19% this year and remain pegged between 850,000 and 1 million tpy through to 2015, according to the state-owned Beijing General Research Institute of Mining & Metallurgy (BGRIMM).

MILLING ABOUT: Davy exits as European ceo of Sims

Graham Davy, ceo of Sims Metal Management’s European business and its global Sims Recycling Solutions (SRS) division, is “no longer employed by the company”, Sims said on Tuesday March 19.

European Aluminium Assn welcomes report backing lightweight vehicles

The European Aluminium Assn (EAA) has welcomed a report highlighting the importance of aluminium in manufacturing low-carbon emission vehicles.

MB LEAD CONF: Scrap tightness will lend cost support to lead prices – Nyrstar

The persistent and inelastic tightness in the supply of scrap batteries to feed secondary lead production outside of China is increasingly providing cost support for the lead market, Nyrstar analyst Kareem Barbir told Metal Bulletin.

DAILY SCRAP REPORT: MB index falls on continued low demand

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap continued to weaken on Tuesday March 19, on slow demand from Turkish steel mills.

US bulk ferrous scrap export prices stable as demand slips

US ferrous scrap export prices for bulk shipments remained steady over the past week as thin demand offered little price support, market sources told Metal Bulletin sister publication AMM.

US west coast containerised ferrous scrap prices fall on weak demand

Containerised ferrous scrap export prices from the US west coast fell this past week due to a drop in demand from key consumer markets, which continue to seek prices well below US offers.