June 2013

Croatia scrap metal sector to expand following July 1 EU accession

The scrap metal industry in Croatia has the potential to expand significantly over the next few years, Zagreb-based CIOS, one of the leading scrap metal businesses in Southeast Europe, has told Metal Bulletin.

Oetinger goes into administration

Secondary aluminium company Oetinger has made a request to begin insolvency proceedings in Germany, Metal Bulletin understands.

SPOTLIGHT: SA scrap export directive welcomed by users, opposed by recyclers

The South African government is on the verge of passing a directive on curbing ferrous and non-ferrous scrap exports, a move opposed by recyclers but seen as an opportunity by scrap users.

DAILY SCRAP REPORT: Index up on fresh deals

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap delivered cfr Turkey continued to rise on Tuesday June 25, after a number of cargoes were sold into the country.

Recylex shuts Belgian secondary lead smelter, citing structural losses

Recylex will close its secondary lead smelter in Belgium, in response to structural losses at the plant, the company announced on Monday June 24.

DAILY SCRAP REPORT: Index reaches highest price for a month

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap delivered cfr Turkey reached its highest level for a month on Monday June 24.

Container scrap shipments to India halt on weak rupee

The weakening of the Indian rupee against the dollar brought containerised ferrous scrap exports to India to a complete standstill this past week, market participants told Metal Bulletin sister publication AMM.

Middle East, Asia drive fresh wave of investment in the scrap sector – Lucky Group

A new wave of investment, focused on the Middle East and Asia, is being seen in the global scrap sector, according to one Middle Eastern scrap player.

Tokyo Steel lowers scrap charges for a second time in June

Tokyo Steel has cut its scrap charges for a second time this month as prices remain under downward pressure.

DAILY SCRAP REPORT: Turkish mills pay higher price for scrap imports

Turkish mills around Iskenderun have paid higher prices for scrap this week amid low stocks, according to market sources.