August 2013

DAILY SCRAP REPORT: Index slips with fresh trades out of USA

The Metal Bulletin index for HMS 1&2 (80:20) scrap delivered to Turkey slipped on Monday August 12, after fresh deals were heard in the past week.

Japanese scrap export prices up on strong SE Asian, Korean demand

Japanese scrap prices appear to be on the rise after a jump in the latest export tender.

US ferrous scrap exports fall in H1 2013 as dynamics shift

Fundamental changes to the Japanese yen, a stronger dollar, weaker global demand for finished steel and shifting market dynamics in Europe and the Middle East have combined to make it a challenging year for US scrap exporters.

Italian scrap prices up in July, Alocci says

Italian scrap prices pushed up in July as mills tried to cover their raw material requirements before the European summer maintenance break, according to scrap metal trader Alocci.

UK 18/8 stainless scrap solids prices rise on higher nickel value

Prices for UK 18/8 stainless steel scrap solids went up this week alongside nickel’s rise on the London Metal Exchange.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

Aluminium scrap stable in Europe even against LME Al moves

Aluminium scrap prices in Europe have been stable over the past month even as London Metal Exchange aluminium prices have fluctuated, as the supply situation has weighed on the market.

PRICING NOTICE: Change of US domestic ferrous scrap reference prices in Metal Bulletin price database

Following a review of its pricing portfolio, Metal Bulletin will introduce new US domestic scrap reference prices to its price database.

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 secondary aluminium producers confident of higher prices to come

UK secondary aluminium producers are confident that prices will rise after the summer shutdown period, as demand from both domestic and European buyers has remained high during the traditional holiday season.