August 2013

DAILY SCRAP REPORT: Index rises as more Friday trades are heard

The Metal Bulletin index for HMS 1&2 (80:20) scrap material continued to advance as more bookings are heard from the end of last week.

DAILY SCRAP REPORT: Index rises with further US, Baltic Sea cargoes

The Metal Bulletin index for HMS 1&2 (80:20) scrap material continued to strengthen at the beginning of the week with more deals from last week being heard.

UK monthly domestic scrap prices settle $16 higher

UK domestic August scrap prices settled for delivery to steelworks rose by £10 ($16) on higher demand from domestic mills, reduced supplies and higher international prices, market participants said.

US sells more scrap to Turkey as demand remains high

Three US bulk ferrous scrap cargoes were sold to Turkey, keeping US export prices elevated, Steel First sister title AMM understands.

Europe expects higher aluminium ingot, scrap prices in Q4

European secondary aluminium prices were stable on Friday August 16, but market participants expect higher prices for both scrap and ingot in the fourth quarter on supply tightness at both stages of the value chain.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

DAILY SCRAP REPORT: Index inches up with more US, Baltic Sea deals

The Metal Bulletin index for HMS 1&2 (80:20) scrap material inched up on Friday August 16 with fresh trades from US and Baltic sources.

South Africa's scrap, foundry industries face sweeping changes

The South African scrap landscape has changed considerably over the past ten years, and it is set for more changes with a new directive, due to take effect in September, that aims to stimulate the local manufacturing sector.

DAILY SCRAP REPORT: Turkish scrap import price supported by poor supplies

Turkish import scrap prices are being supported by a poor supply of scrap in Europe, a market participant in the country told Metal Bulletin sister title Steel First on Thursday August 14.

Indian traders resume scrap purchases after two-month hiatus

Steel mills in India have begun to buy small volumes of scrap on the international market, ending a two-month absence from the sector, according to UK and US market participants.