February 2013

Ghana’s largest union backs official bid to ban ferrous scrap exports

Ghana’s Industrial & Commercial Workers Union (ICU) has backed the government drive to ban exports of ferrous scrap.

DAILY SCRAP REPORT: Index falls with new US trade

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap material fell after a US trade was heard in the market on Thursday February 28.

UK Scrap Metal Dealers Act receives Royal Assent

The UK Scrap Metal Dealers Bill has become the Scrap Metal Dealers Act, after receiving Royal Assent on Thursday February 28, and is likely to come into force in October this year.

US scrap export prices to Turkey soar

US ferrous scrap export prices for bulk shipments to Turkey increased over the past few days, as mills returned to the market to replenish inventories.

CMR says chairman Chun’s stake sale still ‘underway’

China Metal Recycling said the transfer of shares from its chairman and ceo Jacky Chun to a Chinese state-owned group was still planned, even as the scrap company’s shares remained in a trading halt.

Scrap profile cuttings down 0.3% to $1,921 in Brazil

Most aluminium scrap prices in Brazil fell slightly in the second week of February, compared with prices in the second week of January, according to a survey from the country’s aluminium association, Abal.

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, scrap prices up on European demand

UK secondary aluminium prices were up again on Wednesday February 27, on increased demand from Europe and continuing scrap tightness.

DAILY SCRAP REPORT: Four Turkish mills yet to book scrap for April

The Metal Bulletin daily index for HMS 1&2 (80:20) scrap material remained stable on Wednesday February 27 on thin trading.

Ghana mulls permanent ban on ferrous scrap exports

The government of Ghana plans to ask its parliament to approve a legislative ban on exports of ferrous scrap metals.