August 2013

UK secondary Al producers seeking scrap

UK secondary aluminium producers are trying to source scrap metal ahead of expected price increases due to tight supply, Metal Bulletin has been told.

DAILY SCRAP REPORT: Index stable as Turkish mills hold back

The Metal Bulletin index for HMS 1&2 (80:20) scrap material remained stable on Wednesday August 28 as mills in Turkey have stepped out of the global scrap markets.

Brussels approves takeover of Luxembourg-based Metallum

American private equity investment firm Tower Brook Capital's acquisition of Luxembourg-based Metallum Holding has been approved by the European Commission

Bulk US ferrous scrap export prices hold steady

US bulk ferrous scrap export prices stayed relatively unchanged as buying activity came to a virtual standstill last week, market participants told Metal Bulletin sister publication AMM on Monday August 26.

Preferential rate on domestic scrap draws mixed response from SA industry

South African industry bodies broadly support the introduction of a preferential rate on scrap sold domestically, but some warned that the effect of this and export restrictions may cause more harm than good.

DAILY SCRAP REPORT: Index slips with fresh Baltic trade

The Metal Bulletin index for HMS 1&2 (80:20) scrap material continued to fall as mills in Turkey finished their September bookings, Metal Bulletin sister title Steel First heard on Tuesday August 27.

Sims optimistic in face of $421m loss

Lower selling prices and fewer shipments continued to wreak havoc on Sims Metal Management’s bottom line but the world’s largest metal recycler has narrowed its losses.

Demand for UK 5C-grade scrap remains weak

UK domestic demand for 5C-grade loose, lightweight, old ferrous scrap continued to be difficult this week, market sources told Metal Bulletin sister title Steel First on Friday August 23.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

European secondary aluminium producers welcome consumer tenders

European secondary aluminium producers reported large tenders for fourth-quarter material in the week ended Friday 23 August.