March 2013

UK domestic scrap prices rise month-on-month

UK delivered domestic scrap prices rose for March delivery because of rising international prices.

DAILY SCRAP REPORT: Index falls as demand declines

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap material continued to fall on Monday March 18, on weaker demand in Turkey.

Prices for 18/8 stainless scrap solids up on anticipated nickel rise

Prices for 18/8 stainless scrap solids rose at the end of last week as both UK and European traders reported higher numbers in anticipation of higher nickel prices on the London Metal Exchange.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

US ferrous scrap export volumes reach all-time high in January

The US ferrous scrap export market started the new year with record January shipments, after the appetite of its biggest offshore consumer improved significantly.

DAILY SCRAP REPORT: Index continues to weaken

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap continued to fall on Friday March 15, after a Turkish steel mill booked two cargoes.

Recylex hopes for stormy weather after tough 2012 for secondary lead producers

Recylex hopes that extreme weather will translate into freer battery scrap supply in 2013, creating easier conditions for secondary lead producers in Europe that are competing fiercely for raw materials.

Tokyo Steel raises scrap purchase prices on export tender jump

Tokyo Steel has raised its scrap purchase prices for a second time this week in response to a big jump in the latest export auction.

US ferrous scrap price rise piques interest in CME futures

A sharp spike in physical scrap prices this month has sparked renewed interest in the US scrap futures market, as investors came off the sidelines to capitalise on the jump in prices.

Nucor expects drop in Q1 2013 earnings

Nucor expects a decline in first-quarter earnings in 2013, it said in its first-quarter guidance released on Thursday March 14.