February 2014

European secondary Al prices flat as sales stay on contract

European secondary aluminium prices were stable on Friday February 28 as strong consumer demand is being channelled into higher-volume frame contracts rather than increased spot activity.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

FACTS: China's imports of steelmaking raw materials mixed in January

China’s imports of steelmaking raw materials remained mixed in January, as shipments of iron ore hit a record high while volumes of both ferrous scrap and coking coal fell over the period.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

European secondary Al prices edge down; some see market turning

European secondary aluminium ingot prices dipped slightly on Friday February 21 as downward pressure on prices remains, although some market participants said it has started to ease.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB non-ferrous free market prices changed on Wednesday:

UK secondary aluminium producers consider turning down sales

UK secondary aluminium ingot prices were stable on Wednesday February 19, as producers consider refusing sales at the low end of the current range.

Sri Lanka launches investigation into copper scrap smuggling

Sri Lanka’s customs officials have launched a full-scale investigation aimed at cracking down on copper scrap smuggling, after two export-bound containers of copper scrap worth more than $172,189 were seized in late January.

Sims back in the black but market remains challenging

Sims Metal Management swung back into the black in the first half of its fiscal year on increased sales volumes.