March 2013

China Metal Recycling faces 'forensic' review ordered by HKEx

China Metal Recycling (CMR) must give a detailed rebuttal of accusations from a US-based research group before its shares can be opened for trading again, the Hong Kong Stock Exchange has said.

CMC 'hurt' by volatile US ferrous scrap market, ceo says

US ferrous scrap prices will fluctuate by $10-20 per gross ton over the next few months, according to a Commercial Metals Company (CMC) executive.

CMC's net income for December-February falls as steel shipments drop

US steel producer Commercial Metals Company (CMC) saw a sharp decrease in profits in the second quarter of its 2013 financial year on slower US scrap and steel buying activity.

PRICING NOTICE: UK Easter holiday will affect Metal Bulletin’s pricing reports

Due to the UK national holidays on Good Friday March 29 and Easter Monday April 1, no Metal Bulletin price assessments will be published on those dates. Prices will be updated from Tuesday April 2.

METAL BULLETIN DAILY PDFs

Daily PDFs will be downloadable until Friday March 29. After that, because of the UK’s Easter holiday, the next daily PDF will be downloadable on Wednesday April 3.

DAILY SCRAP REPORT: Index remains stable on lack of trade

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) imports into Turkey remained flat on Thursday March 28 on a lack of fresh trades into the country.

Brazilian Al scrap prices fall on downward moves for LME, real

Most aluminium scrap prices in Brazil fell both week-on-week and month-on-month in the third week of March, according to a survey from the country’s aluminium association, Abal.

China's domestic scrap prices flat amid uncertain steel market

Heavy scrap prices in eastern China were flat this week amid uncertainty over the downstream steel market.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

DAILY SCRAP REPORT: Turkish mills 'will return to market next week'

Turkish steel mills are expected to return to the global scrap market in the next week for their late-April deliveries, market sources said on Wednesday March 27.