March 2014

Metal Bulletin now accepting aluminium award nominations

Metal Bulletin is now accepting nominations for the second Global Aluminium Excellence Awards, to be presented during the 29th International Aluminium Conference in Abu Dhabi in September.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

Oversupply sees European secondary Al prices slip

European secondary aluminium prices slipped again on Friday March 28, as both ingot and scrap raw material prices remain pressured by oversupply.

US scrap steering towards period of stability, CMC's Alvarado says

The US scrap metal market is heading towards a quiet period due to an absence of near-term volatility, Commercial Metals Co’s (CMC’s) top executive said.

China scrap rebate plan could hike US prices

US copper scrap consumers could face higher prices if a proposed rebate on value-added tax for China’s scrap recyclers is approved.

Aluminium scrap still under pressure in UK

Aluminium scrap prices remain under pressure in the UK, with a lack of secondary aluminium spot sales giving producers a freer hand in raw material negotiations.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

China considers proposal to grant VAT rebate on copper scrap imports

The China Nonferrous Metals Industry Assn is waiting for government feedback on its proposal to introduce a 40% rebate on the 17% value-added tax that must be paid on copper imports, the vp of its metal recycling branch Li Shilong told Metal Bulletin.

[UPDATE] Ukraine non-ferrous industry could benefit from EU duty liberalisation

Ukrainian manufacturers of non-ferrous metals, related products and derivatives exporting to the European Union (EU) could benefit from a planned scrapping of import studies charged on products traded between them.