June 2013

DAILY SCRAP REPORT: Index jumps $11.62 per tonne

Turkish scrap import prices jumped with the most recent bookings into the country, sources told Metal Bulletin sister title Steel First on Wednesday June 12.

UK secondary aluminium prices drop back on LME fall

UK secondary aluminium prices fell back on Wednesday June 12, with both scrap and ingot prices trading lower in the wake of falling London Metal Exchange aluminium prices.

Japanese scrap export prices tumble on weak international market

Japanese scrap prices continue to retreat amid general weakness in the international market and the recent appreciation in the value of the yen.

DAILY SCRAP REPORT: Turkish mills fail to get lower prices from USA

Turkish steel mills have failed to negotiate lower prices for US scrap cargoes, market participants told Metal Bulletin sister publication Steel First on Tuesday June 12.

Strengthening US Midwest scrap markets spur bookings

A late strengthening in obsolete scrap prices, triggered by a rush to secure heavy melt scrap (HMS) and plate and structural scrap (P&S), worked to the advantage of US steel mills that started their buying programmes early last week.

DAILY SCRAP REPORT: Turkish delivered scrap price edges lower

The Metal Bulletin daily scrap index for HMS 1 & 2 (80:20) imports into Turkey weakened on Monday June 10, but could be stabilising as the euro strengthens against the US dollar, Metal Bulletin sister publication Steel First was told.

Brazil slows its domestic aluminium consumption

Aluminium consumption in Brazil it expected to end the year with a 3.7% growth, instead of the 5% predicted in the beginning of the year on lower economic growth, according to Brazilian aluminium assn. Abal.

UK 18/8 stainless scrap solids prices stable on material shortage

Prices of UK stainless steel scrap solids went unchanged this week on a lack of material circulating and slow business, inter-merchants told Metal Bulletin sister title Steel First on Friday June 7.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

Producers get a grip in European secondary aluminium market

European secondary aluminium ingot prices consolidated last week’s gains, with more producers able to secure business at higher prices after some started to refuse business below a certain price level last week.