January 2013

US bulk scrap export prices fall after sales to Turkey

US ferrous scrap export prices for bulk cargoes are under pressure this week after a sale from the US Gulf Coast and a second out of Canada were booked at values well below previous levels.

Chinese scrap firm CMR prepares to rebuff allegations; shares remain suspended

Shares in China Metal Recycling (CMR), which claims to be the biggest scrap company in China, remained suspended for a fourth day on Thursday January 31, as the company prepared a response to allegations from a US-based research company.

DAILY SCRAP REPORT: Canadian cargo into Turkey sends index down

The Metal Bulletin daily ferrous scrap index for HMS 1&2 (80:20) material dropped sharply on Thursday January 31, after reports of a lower-priced Canadian deal.

Chinese heavy scrap prices flat as holiday draws near

Heavy scrap prices in eastern China remained flat this week, as the market activities slowed with the Chinese New Year holiday around the corner.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

US domestic scrap prices may 'roll over' in February, OmniSource says

US ferrous scrap prices are expected to mimic changes in order books at steel mills going forward, according to Russ Rinn, president and chief operating officer of Steel Dynamics Incorporated (SDI) subsidiary OmniSource.

UK secondary aluminium prices up on improving European numbers

UK secondary aluminium ingot prices rose strongly on Wednesday January 30, as exchange rate movements further improved prices in Europe and helped boost domestic prices as a result.

DAILY SCRAP REPORT: Index flat on lack of fresh trades

The Metal Bulletin daily ferrous scrap index for HMS 1&2 (80:20) material remained unchanged on Wednesday January 30, with no transactions reported.

China to double entry requirements for secondary aluminium producers

China may soon double the minimum capacity required for companies to start secondary aluminium production.

US domestic scrap prices stable or down $10-20 for February, sources say

Early speculation about US domestic ferrous scrap pricing points to a sideways-to-marginally-down market in February as market participants wait for clearer signs of mill demand and scrap flows.