August 2013

DAILY SCRAP REPORT: Import prices stable on Turkish holiday absences

Turkish steel mills operating electric arc furnaces will begin tendering for bulk scrap imports at the end of next week, a European scrap exporter told Metal Bulletin sister title Steel First on Friday August 30.

European secondary Al producers upbeat on prices

European secondary aluminium ingot producers see higher prices to come in the next few weeks after receiving large consumer enquiries for fourth-quarter tonnages this week.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

UK stainless scrap prices fall on lower nickel costs, less demand

The price of stainless steel scrap in the UK went down this week on falling nickel prices and lower-than-expected demand, market sources told Metal Bulletin sister title Steel First.

Recylex posts $21m loss on maintenance outages, tighter lead scrap pricing

Recylex recorded a net loss of €15.9 million ($21.1 million) in the first half of the year on maintenance shutdowns and higher lead scrap prices, the France-based lead and zinc recycling group said on Thursday August 29.

DAILY SCRAP REPORT: Turkish scrap market quiet before holiday

The Metal Bulletin daily index for HMS 1&2 (80:20) material remained stable on Thursday August 29, the last trading day before the Victory Day public holiday in Turkey on August 30.

China simplifying procedures for scrap imports

China is simplifying its procedures for the import of scrap by no longer subjecting it to its Ministry of Commerce’s (Mofcom) licensing requirements from September 1.

S Africa’s metal recyclers commence legal proceedings against new scrap policy

South Africa’s Metal Recyclers Assn (MRA) has started legal proceedings against the government in a bid to stop it from implementing a policy that will require scrap merchants to first offer scrap to domestic buyers at a 20% before merchants are allowed to export material.

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 shredded scrap prices likely to dip in September

Shredded scrap prices in the US Midwest appear precariously poised for September trade as early speculation points to a modest softening.