January 2012

US aluminum scrap prices steady; demand strengthens

The aluminum scrap market appeared to shrug off volatility in terminal markets with prices holding steady early this week.

IAEA finalising draft proposal on radioactive material in scrap, semi-finished products

The International Atomic Energy Agency (IAEA) will this week finalise a draft proposal on the movement of scrap metal and semi-finished products that may “inadvertently contain radioactive material”, the bureau of international recycling (BIR) reported on Tuesday January 31.

METAL THEFT: Joint operations lead way in curbing theft

Police operations co-ordinated with industry agencies have become the mainstay in curbing metal theft in the UK, after the metal theft (prevention) bill was blocked by the government.

Scrap allegedly used to smuggle drugs: officials

An alleged smuggling operation that used truckloads of scrap metal to cover up drug-trafficking operations from Mexico for a decade has been shut down.

Secondary alloys continue upward trek

Free-market secondary aluminum alloy tags rose for a second time this past week, sparked by a four-day run in the London Metal Exchange’s North American special aluminum alloy contract (Nasaac), market sources said.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

European secondary aluminium prices stay high on nearby demand

European secondary aluminium prices rose again on Friday January 27, but less sharply compared with last week, as demand for material remained firm.

E-cycling bill flawed, won’t pass: ISRI

Large industry players’ growing support of federal legislation proposing a ban on exports of electronic waste to certain regions is unlikely to help it become law, according to the Institute of Scrap Recycling Industries (ISRI), which opposes the bill.

Correction: Scrap mart set to soften in Feb.

Due to an error in data supplied to AMM, the volume of Steel Dynamics Inc.’s fourth-quarter nonferrous scrap shipments was misstated in the Jan. 26 edition. SDI’s nonferrous scrap shipments totaled 255 million pounds in the three months ended Dec. 31, up about 11 percent from 230 million pounds in the same period a year earlier.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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