July 2013

US ferrous scrap exports climb in May

A surge in demand from China and Malaysia helped boost US ferrous scrap export volumes in May, as sales to South Korea continued to falter.

Triton completes purchase of recycler Befesa after EC approval

Spain-based metals recycler Befesa has been sold to funds advised by Jersey-registered private equity firm Triton Partners for €348 million ($454 million) after the deal received European Commission approval, parent company Abengoa said on Monday July 15.

DAILY SCRAP REPORT: Turkish mills almost done with August bookings

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) scrap imported into Turkey remained flat on Monday July 15, as Turkish mills were largely away from the market over the weekend.

UK domestic scrap grade prices little changed month-on-month

The price of UK domestic bales and cuttings, turnings and cast iron scrap was little changed month-on-month on Friday July 12, following local mill negotiations.

UK 18/8 scrap solids prices unchanged on wait-and-see attitude

UK 18/8 stainless steel scrap solids prices went unchanged this week as the market took a “wait and see” approach to business, traders told Metal Bulletin sister title Steel First on Friday July 12.

UK domestic cut grade scrap prices expected to lift in coming weeks

The price of domestic cut grade scrap in the UK is expected to rise in the coming weeks in line with stronger international scrap prices.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

European secondary Al edges higher as consumers cover shortfalls

European secondary aluminium ingot prices edged higher on Friday July 12, as consumers bought volumes for the third quarter to cover shortfalls arising from German producer Oetinger’s insolvency proceedings.

DAILY SCRAP REPORT: Turkish scrap price rises with demand

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) scrap imported into Turkey continued to rise as Turkish mills booked more scrap to build up their feedstock for August production.

DAILY SCRAP REPORT: Index at highest level since mid-May

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) scrap imported into Turkey rose to its highest point since mid-May on Thursday July 11, after suppliers tried to increase their offers, Metal Bulletin sister title Steel First was told.