July 2013

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 prices up as European buyers diversify

UK secondary aluminium ingot prices rose on Wednesday July 31 as enquiries continued to flow into the UK from Europe even after German producer Oetinger began offering spot material to the market again.

DAILY SCRAP REPORT: Price rises with fresh trade into Turkey

The Metal Bulletin index for HMS 1&2 (80:20) scrap delivered to Turkey rebounded after a fresh trade was heard in the market on Wednesday July 31.

US West Coast ferrous scrap prices continue to climb

West Coast export prices for containerised ferrous scrap continued their upward momentum through July, with prices gaining an additional $10 per tonne over the past two weeks.

SA aluminium scrap buying diminishes as manufacturing decline bites

South Africa aluminium scrap buyers are reporting subdued prices and buying trends as declining manufacturing output in the country weighs on them.

SA copper scrap buyers, sellers at odds over payment terms

South African copper scrap buyers and sellers are at loggerheads with one another over payment terms.

DAILY SCRAP REPORT: Ship shortage may hurt Black Sea scrap trade

Steel producers in Turkey took a break from booking scrap for September shipment as the post-Ramadan eid holiday in Muslim states is approaching, sources said on Tuesday July 30.

Turkey fuels price gains for US ferrous scrap exports

A late-week surge in prices of US ferrous scrap exports to Turkey helped lift overall east coast prices by nearly $10 per tonne at the end of last week.

Hong Kong regulator moves to liquidate China Metal Recycling

China Metal Recycling (CMR), which once claimed to be China’s biggest scrap company, has been ordered into liquidation by Hong Kong’s High Court.

DAILY SCRAP REPORT: Scrap market to remain firm in August on Turkish demand

Turkish steel mills have continued to book scrap for September deliveries and prices remain firm, sources told Metal Bulletin sister title Steel First on Monday July 29.