October 2014

European secondary aluminium prices dip on stock clearing

European secondary aluminium ingot prices dipped on Friday October 31, as some producers accepted lower prices for fourth-quarter delivery as they sought to clear stocks ahead of the year’s end.

INTERVIEW: Recylex to focus on cost-cutting, productivity as lead scrap remains tight, ceo says

After almost halving its losses in the first half of 2014, Recylex will continue to focus on cutting costs and boosting productivity to ease the pressure on its margins caused by high scrap prices and overcapacity in the secondary lead market, its ceo Yves Roche told Metal Bulletin.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday October 31:

PRICING NOTICE: Realignment of UK domestic ferrous scrap prices

Following a consultation with the industry, Metal Bulletin sister title Steel First has decided to realign its monthly UK domestic ferrous scrap prices.

UK secondary Al prices flat in record production month

UK secondary aluminium prices stayed flat on Wednesday October 29, with prices still following London Metal Exchange aluminium prices even as strong demand saw at least one producer make record volumes this month.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday October 29:

China’s secondary lead output to increase in fourth quarter

Output of secondary lead is likely to rebound in the fourth quarter in China as producers get fresh cash injections from tax rebates, sources told Metal Bulletin.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday October 24:

FACTS: China's imports of steelmaking raw materials in September

China’s imports of steelmaking raw materials remained mixed in September, with shipments of iron ore posting increases on a year-on-year basis while volumes of coking coal and ferrous scrap continued to fall.

ASIAN MORNING BRIEF: Key stories on October 23

Good morning from Metal Bulletin's London HQ. Here are the key stories for the start of the day in Asia.