August 2012

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

Scrap shortage starts to bite in European secondary Al market

European secondary aluminium prices were stable on Friday August 31, as producers considered a significant shortage of scrap raw material in the market.

Shredded scrap offers to India jump $10 on higher demand

Shredded scrap offers into India have risen sharply over the past week, due to a perceived increase in demand within the country and a lack of supply, market sources told Metal Bulletin's sister publication Steel First on Wednesday August 29.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

UK secondary aluminium dips as Europe remains closed

UK secondary aluminium high-grade ingot prices dipped on Wednesday, as producers accepted lower prices for the available transactions in the market and the weak euro continued to keep continental markets closed.

METAL BULLETIN DAILY PDF: No downloadable Daily PDF on Tuesday August 28

Due to the UK Bank Holiday on Monday August 27, there will be no downloadable Daily PDF on Tuesday August 28.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

Scrap avoids ‘conflict mineral’ label

Users of recycled and scrap metals are unlikely to be affected by a US Securities and Exchange Commission (SEC) ruling that requires certain companies to disclose the origins of "conflict minerals" used in manufactured products.

Sims posts $545m loss on plummeting scrap prices

Sims Metal Management reported a huge loss of A$521 million ($545 million) during the financial year 2012 ending June 30, due to weak market conditions.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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