May 2013

UK secondary aluminium prices flat; scrap could fall on Chinese measures

UK secondary aluminium prices were flat on Wednesday May 29, with several producers shut down for the week and many anticipating falling costs in the coming weeks, as scrap supply eases due to China’s Operation Green Fence.

BIR CONF: Green Fence is not protectionism – CCIC

China’s Operation Green Fence is “not protectionism” and has been a work in progress since 1996, according to a representative from the China Certification and Inspection Group Inspection Co (CCIC).

BIR CONF: Ferrous scrap braces for weaker market for rest of 2013

Ferrous scrap participants globally are bracing themselves for a weaker market for the remainder of 2013 against slow demand in the steel sector.

DAILY SCRAP REPORT: Struggling EAF mills need scrap prices to fall by 13%

Steel mills in Turkey operating electric arc furnaces (EAFs) need delivered prices for HMS 1 & 2 (80:20) scrap to drop by a further 13% if they are to compete with blast furnace operators, a scrap trader in the country said.

Uncertainty clouding US ferrous scrap export market

The ferrous scrap export market heard rumours of four bulk sales to Turkey from the USA and Europe last week, but only one Euopean sale was confirmed.

BIR CONF: Small Chinese scrap importers hit hard by high costs, customs checks

Stricter supervision by Chinese customs, high international scrap prices and low domestic prices have hit small-scale scrap importers in China, delegates at the Bureau of International Recycling (BIR) conference in Shanghai said on Tuesday May 28.

CORRECTED: BIR CONF: Indian recycling industry ‘should learn from China’

India’s recycling industry should try to mirror some of the positive aspects of the Chinese industry, according to Dhawal Shah, director of Metco India and a board member of the Bureau of International Recycling (BIR).

BIR CONF: Lack of reverse-charge VAT leaves UK, Latin America exposed to fraud

Absence of a reverse-charge VAT collection system makes scrap traders in places like the UK, Norway and Latin America exposed to VAT fraud, according to delegates at the Bureau of International Recycling (BIR) conference in Shanghai.

BIR CONF: China’s secondary aluminium industry will ‘shift focus from imports’

The Chinese secondary aluminium industry will depend less on imports and more on domestic scrap in the next few years as a result of low profitability from the use of imported raw materials, according to CS Huang, chairman and ceo of Ye Chiu Taicang.

Slow scrap trade flows dominate discussions at BIR conference in Shanghai

Operation Green Fence, slowing scrap demand and the volatility of the London Metal Exchange prices dominated discussions at the annual Bureau of International Recycling (BIR) World Recycling Convention and Exhibition in Shanghai on Monday May 27.