August 2013

Oetinger’s French unit follows parent into administration

Affinage de Lorraine, the French subsidiary of German foundry alloys producer Oetinger Aluminium, has followed its parent company into insolvency, a source from the company told Metal Bulletin on Friday August 2.

Aurubis records $10.6m loss on tanking copper, precious metal prices

Aurubis recorded an operating loss of €8 million ($10.6 million) in its fiscal third quarter, down from a €74 million profit in the same period a year ago, as gold prices dropped by 26% – the biggest quarterly drop since 1920 – and copper prices fell 11%.

DAILY SCRAP REPORT: Index up with fresh offers into Turkey

The Metal Bulletin index for HMS 1&2 (80:20) scrap delivered to Turkey rose slightly with fresh offers on Thursday August 1.

Japanese domestic scrap prices continue to slide

Japanese domestic scrap prices have continued to decline despite rising export prices, the Japan Ferrous Raw Materials Assn said.