August 2016

DAILY SCRAP REPORT: Indices flat as deep-sea trade goes quiet again

Turkish scrap import prices remained steady on Wednesday August 31 as the mills were quiet again in the deep-sea markets.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 31:

Indian vehicle scrapping order may become mandatory

India’s Voluntary Vehicle Fleet Scrappage Programme (VVMP) may become mandatory, a source close to the policy told Metal Bulletin on Tuesday August 30.

DAILY SCRAP REPORT: Turkish prices inch up on fresh US cargo

Turkish deep-sea import scrap prices have gone up at the start of this week, with a fresh US cargo heard on Tuesday August 30, but booked on the previous day.

Kazakhstan reinstates scrap export ban for six months

Kazakhstan has reintroduced a ban on scrap exports for six months from Monday August 29, according to an official document seen by Metal Bulletin.

China’s copper scrap imports fall by 22% y-o-y in July on lack of buyer appetite

The copper scrap import market in China remains slow due to weakened buyer interest, despite a slight improvement in external supply after increases in red metal prices during July.

Feng Hsin rolls over scrap, rebar prices for second week

Taiwan’s Feng Hsin Steel has rolled over both its domestic ferrous scrap purchase prices and its rebar selling price for a second week, amid signs of weakening in import scrap prices.

HOTTER ON METALS: Aleris to get a new Chinese owner

US aluminium rolled products producer Aleris is being acquired by Zhongwang USA, majority-owned and led by the founder of China Zhongwang Holdings, the world’s second largest aluminium extrusions maker.

Aleris in deal to be acquired by Zhongwang USA LLC

Aleris Corp has entered into a definitive agreement to be acquired by Zhongwang USA LLC in a deal worth $2.33 billion, the company said.

Turkish domestic scrap market remains firm

Turkish domestic auto bundle scrap prices remained stable, while ship scrap prices increased slightly, sources said on Monday August 29.