August 2013

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

UK aluminium scrap prices ready to rise after steady summer

UK secondary aluminium ingot producers are preparing for higher raw material costs over the next month, after scrap prices remained steady throughout the summer shutdown period of the last two weeks.

DAILY SCRAP REPORT: Index up with more trades after eid holiday

The Metal Bulletin index for HMS 1&2 (80:20) scrap delivered into Turkey rose in Wednesday as mills in the country continued their bookings for September shipments.

EMR named preferred bidder for Sita UK scrapyards

European Metal Recycling (EMR) has been named the preferred bidder to purchase a number of scrapyards from Sita UK, a spokesman for the seller told Metal Bulletin sister title Steel First on Wednesday August 14.

Aurubis posts $279m loss on weaker metal prices, tighter scrap

Aurubis recorded a €210 million ($279 million) loss for the nine months ended June 30, as lower metal prices and reduced scrap availability affected the copper smelter’s profitability.

US domestic shredded scrap surplus weighs down Midwest prices

Prices for shredded scrap in the US Midwest have suffered another poor month as excess supply drove prices down further to make it the weakest grade for August sales.

US bulk scrap exports mixed amid low demand

US bulk scrap export sales showed mixed results last week as exporters on the country’s West Coast pushed for more value while an East Coast sale softened prices.

DAILY SCRAP REPORT: Index flat on Turkish mills' absence

Turkish mills have yet to return to global scrap markets after the post-Ramadan eid holiday, Metal Bulletin sister title Steel First was told on Tuesday August 13.

UK domestic scrap prices on an upswing

UK domestic scrap prices are rising, according to settlements between scrap merchants and mills on Friday August 9.

Novelis posts income fall ahead of expansions

Aluminium sheet producer Novelis has reported net income of $14 million in the second quarter of 2013 from $91 million in the corresponding period last year, on low aluminium prices and disappointing demand for can sheet.