June 2013

European secondary Al prices up on flurry of demand

European secondary aluminium prices rose on Friday June 21 as demand increased for material ahead of the traditional summer shutdowns.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

18/8 scrap solids prices continue slide as LME nickel falls below $1,400

Prices for 18/8 stainless steel scrap solids in both the UK and Europe continued to fall this week, as the cost of nickel dropped on the London Metal Exchange and traders reported consistently poor market conditions.

HOTLINE: Canadian cops seek copper-offering robbers

The recent passage of laws in the UK banning cash payments for scrap may discourage crime connected to the trade beyond simple metal theft, if reports from Canada are anything to go by.

High copper premiums will exacerbate tight pricing of copper scrap – Triland

Copper recyclers should brace themselves for a sustained crimp in scrap pricing, as high copper premiums for cathode will keep that source of alternative supply blocked off, Triland’s head of sales Herwig Schmidt warned this week.

DAILY SCRAP REPORT: Index flat on concerns about weak lira

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) scrap delivered to Turkey remained stable on Thursday June 20 with mills holding back from the market because of the weakening Turkish lira.

China’s heavy scrap prices flat in slow market

China’s heavy scrap prices were unchanged for a second week as market participants mulled the recent rebound in spot iron ore prices.

DAILY SCRAP REPORT: Turkish mills may restart bookings later in the week

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) material delivered to Turkey strengthened on Wednesday June 19, as the market now expects Turkish mills to book scrap at slightly higher prices.

MB COPPER RECYCLING: KGHM considers investing in secondary copper furnace

KGHM is considering investing in a new furnace to process copper scrap in Poland, market sources said during the 2nd Metal Bulletin Copper Recycling conference in Dusseldorf.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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