April 2013

DAILY SCRAP REPORT: Turkish mills expected to book material soon

Turkish mills are expected to book scrap later this week or early next week to replenish their stocks, on expectations of better demand in the domestic rebar market, sources said on Tuesday April 30.

US ferrous scrap export prices soften

US bulk ferrous scrap export prices have dropped significantly as exporters accepted lower bids to secure sales this past week, market participants told Metal Bulletin sister publication AMM.

DAILY SCRAP REPORT: Index continues to soften on more bookings

The Metal Bulletin daily scrap index for HMS 1 & 2 (80:20) imports into Turkey continued falling on Monday April 29, on cargoes freshly traded into the country.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

DAILY SCRAP REPORT: Index falls sharply on fresh US, European trades

The Metal Bulletin daily scrap index for HMS 1 & 2 (80:20) imports into Turkey fell sharply on Friday April 26, on new cargoes traded into the country.

US domestic scrap prices could fall in May on market weakness, logistics problems

A struggling ferrous scrap export market and weakness in several finished steel product sectors have led many participants to speculate that the domestic scrap market in the USA will be weaker in May.

European secondary Al flat as producers look to UK

European secondary aluminium ingot prices stayed flat on Friday April 26, with some producers looking to sell into the UK for the first time, as continental prices offered no margin against high scrap prices.

MMTA WASHINGTON: Metals account for 25% of F135 jet engine cost – P&W

Metals including cobalt, nickel and rhenium account for about 25% of the overall cost of an F135 jet engine, Pratt & Whitney’s vp of the F135 project told delegates at the Minor Metals Trade Assn annual conference in Washington.

DAILY SCRAP REPORT: Turkish import scrap prices set to tumble

A recent stand-off between Turkish mills and scrap suppliers in Europe appeared to be closing in the mills’ favour on Thursday April 25.

ACC CONF: Campaign to replace US dollar bill with coin reaches Congress

A campaign to replace US dollar bills with coins made predominantly out of copper will be stepped up with the introduction of a bill in Congress next month, one of its supporters said.