economy

In March, China’s crude steel output entered uncharted territory in reaching 71.995 million tonnes - the highest for any single month. The country’s production amounted to more than 201...
He will remain on the LME board and will continue as a member of the management committee of Hong Kong Exchanges and Clearing Ltd (HKEX), of which the LME is a wholly-owned subsidiary. Chamberlain...
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...
The re-melt operation is operation is designed to develop GARMCO's metal recycling capability, and will increase GARMCO's production capacity by 150% to 200 000 tonnes of aluminium slabs per annum. '...
Stainless steel scrap prices have made further strong progress since our previous report in late January, with the 304 grade advancing from US$ 1240-1290 to US$ 1290-1340 per tonne and the 316...
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...
Among the major producers, the biggest year-on-year gains for February were reported by Turkey (+15.6% to 2.739 million tonnes), India (+8.9% to 8.113 million tonnes), South Korea (+8.3% to 5.508...
Speaking at the 6th BMR International Conference held recently in Dubai, the chairman of the UAE-based Sharif Group lamented the harsh impact of global economic trends on the Middle East where the...
Global demand for aluminium is expected to reach 62.7 million tonnes this year, with China thought likely to record growth of 6.7% to 33.5 million tonnes while the rest of the world is forecast to...
Only 7 tonnes of gold out of the 24 000 tonnes estimated to be available was collected via the cash for gold recycling scheme that was launched ‘with much fanfare’ in November 2015 by...
Over the past three months, prime plastic prices in Asia have remained high under the support of good demand - except in the case of China. After the Chinese New Year holidays, the prime plastics...
Members of the European Parliament (MEPs) have also proposed: an 80% target for 2030 for packaging materials such as paper and cardboard, plastics, glass, metal and wood; and a reduction in the...
Immediately following the Chinese New Year celebrations, it is reported that the country’s customs authorities began to step up import inspections in a bid to prevent smuggling of electronic,...
Polyethylene scrap accounted for almost 61 000 tonnes of the January 2017 export total for a year-on-year gain of 37% while overseas shipments of PET scrap surged 117% to 28 600 tonnes, according to...
However, production growth in China easily outstripped the world average in leaping 15.7% year on year to 24.938 million tonnes, thereby accounting for more than 55% of total world output in 2016. In...
‘Scrap companies lose over US$ 200 million a year because of fraud, contract cancellations and material quality issues,’ says Chris Yerbey, founder and ceo of Scrap Connection. ‘...
Despite shifting ferrous prices, chrome scrap values have remained within their existing ranges of US$ 320-360 per tonne for 409 material and US$ 420-460 for the 430 quality. News from the...
Now at 'a record high', imports are said to account for 25% of the EU market and climbed 9% in the second half of 2016. Chinese steel imports 'are being replaced by those from other countries',...
The group's annual net profit soared 22.7% year on year to HK$ 2.86 billion (US$ 372 million), roughly the same percentage increase as Lee & Man Paper achieved in 2015 when earnings totalled HK$...
In Croatia, 82% of waste is still landfilled. ‘There were about 140 active landfill sites in Germany back in 1970; a lot has changed since then, but just imagine how difficult it is for Croatia...
The innovative hydrometallurgical approach has recovered both metals in laboratory-scale tests from standard lithium batteries with ‘reasonable efficiency’, according to Ataur Rahman of...
Global crude steel production in January was 7% or almost 9 million tonnes higher than in the corresponding month of last year at 136.514 million tonnes. China accounted for around half of the...
December began like a breath of fresh air for the European plastic scrap market. Whereas November had been sluggish in terms of demand and prices, the final month of 2016 produced a jump in values...
From solid start to state of flux Ferrous scrap prices remained on higher ground in the early weeks of 2017, gaining around US$ 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...
Improving demand for capital goods ‘should support activity in most sectors’, with export-oriented segments expected to benefit from strengthening international trade. Total production...
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...
Eco-Bat and Recylex benefited from a reduction in their fines to, respectively, Euro 32.712 million and Euro 26.739 million for their co-operation with the Commission’s investigation whereas...
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...

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