Ferrous

The more recent reduction in Chinese steel values has also impacted all markets across Asia and ‘prices for finished steel in almost all countries have softened’, it is also noted in the...
Recycling operation incomes amounted to US$ 21 million, as compared to US$ 10 million in the fourth quarter of 2016 (excluding a non-cash goodwill impairment charge of US$ 5.5 million). The company...
According to latest stats from the Census Bureau and International Trade Commission, a shade over 2.1 million tonnes left American shores in January-February 2017 as against just 1.368 million tonnes...
Up to 220 kg of scrap must be used for every tonne of steel produced in the country by 2020, whereas calculations by the China Association of Metal Scrap Utilisation suggest the scrap usage average...
The anticipated upturn in earnings when compared to last year’s final quarter is based on ‘higher ferrous scrap demand and metal spread expansion from increased domestic steel mill...
An estimated 10 000+ people are expected to attend the expo. This includes 400 exhibitors, of which 30% come from abroad. METEF has become a reference point for the ferrous and non-ferrous metals...
From solid start to state of flux Ferrous scrap prices remained on higher ground in the early weeks of 2017, gaining around US$ 15 per tonne over the levels quoted in our late-November report. But...
According to data from the Census Bureau and International Trade Commission, leading buyer Turkey slashed its US ferrous scrap purchases by more than 21% - from 3.961 million tonnes in 2015 to 3.123...
Expectations had been of a ‘very strong’ first quarter in Asia but, instead, softness has afflicted prices of chrome and ferrous scrap. A number of buyers had built their scrap stocks...
WEEE Solutions will be held on March 28 – 29, while RUSMET will be held on 28-30 March at the five-star Radisson Royal Hotel Moscow. The high-profile business events will provide an update on...
China’s steelmaking capacity closures have been ‘more aggressive than anyone may have anticipated’ and have included the move to close all induction furnaces, said to represent an...
The incident follows an explosion in November last year at another Gadani yard involving an oil tanker beached for recycling and in which 27 workers were killed. Furthermore, a man died recently in...
Mexico's purchases of US scrap soared 34% year on year from 952 053 tonnes to 1.277 million tonnes while India took delivery of 976 880 tonnes in January-November last year for an increase of 8% over...
Despite the fact that ferrous scrap has registered substantial price gains in the fourth quarter, experts are still claiming that the commodity is significantly under-valued when viewed in relation...
Steel recycling is of the utmost importance to the future of the German steel industry and will play an even more important role in the future as we build towards a circular economy. These are the...
The traditional overseas outlets of Turkey (-19.9% to 2.538 million tonnes), Taiwan (-13.7% to 1.011 million tonnes) and South Korea (-16.4% to 759 684 tonnes) all bought less US scrap in the first...
UK government officials have argued that legislation banning cash payments for scrap metal is ‘proving to be effective’. Extensive media coverage, combined with low scrap prices and a ban...
The two-day event will provide a comprehensive market update regarding relevant ferrous and non-ferrous metal recycling issues in India. This is a ‘big opportunity’ for individuals to...
Ferrous metals are expected to generate US$ 252,117 million – leading the market during the forecast period. However, non-ferrous metals are the fastest growing segment and is anticipated to...
During the course of September, many of the major ferrous scrap buying markets have lowered their order volumes and, to a significant extent, their prices too. Latest cfr price indications for...
The investment forms part of India’s Coastal Community Development Programme and an estimated 30 million rupees will be spent in this field over the next three years. This shipbreaking training...
Ferrous metal recycling is said to gain 'maximum traction' during the forecast period. The use of scrap in steel production has formed an 'integral part' of the steel making industry, with an...
Tom Bird of UK-based Liberty Steel told the BIR ferrous division meeting in Amsterdam last week that there was 'no reason to see anything other than a much stronger market for the remainder of the...
Combined, the 66 countries reporting their figures to the World Steel Association produced 132.909 million tonnes of crude steel in September for a year-on-year upturn of 2% whereas the 1.197 billion...
However, he goes on to welcome the 'mega merger' between Chinese steelmakers Baosteel and Wuhan as 'a positive step' and a possible sign of a resolve within Beijing to rationalise steel production....
The company, which is one of the USA’s largest steel producers and metals recyclers, says in its latest earnings guidance statement: ‘Both ferrous and non-ferrous shipments are expected...
The USA shipped abroad just 850 772 tonnes of ferrous scrap in the month of July despite a recovery in exports to leading outlet Turkey, Commerce Department figures confirm. Having bought only 88 028...
During the first six months of this year, ALBA traded 695 000 tonnes of ferrous scrap compared to 1.1 million tonnes in the same period in 2015 while its non-ferrous volumes fell from 183 000 tonnes...
The new Watson analyser is claimed to require ‘only seconds’ to complete positive material identification of 423 metal alloys. According to Tribogenics, the device is ‘already...
Although these momentous events have created profound political uncertainty within the EU, Turkey and beyond, scrap purchasing has continued to take place - if at a little more guarded pace at times...

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