economy

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...
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 government will work with the European Commission to ensure payment when funds are awarded and HM Treasury will underwrite the payment of such awards, even when specific projects continue beyond...
Rejecting the rulings made by the Lens Labour Court (Industry section and Management section) in 2013 which considered Recylex SA as co-employer of the employees of Metaleurop Nord SAS, the Douai...
Funded by BIR as well as by several other organisations and companies, the visit enabled BIR's representatives to explain in detail the benefits of importing primary sorted mixed clothing and...
The ‘robust’ upsurge represents a compound annual growth rate in revenue of 11.6% by 2024. In terms of volume, the market is slated to rise at a compound annual growth rate of 7.8% -...
Chinese production alone increased by approaching 10 million tonnes or 1.2% while India continued its growth of recent years by posting an output gain of 6.6 million tonnes or 7.4%, according to...
The Asia Pacific region is expected to be dominant in the global market throughout the forecast period 2016-2024. For instance, analysts anticipate that China alone will make a contribution of over...
Following on from the upbeat end to last year, 2017 began with some turbulence. Steel scrap prices climbed by between US$ 25 and US$ 30 per tonne and there was also an escalation in ferrochrome...
LME cash prices are at the following per-tonne levels (the corresponding figures from our non-ferrous metals report at the end of November are given in brackets): aluminium US$ 1800 (US$ 1765);...
In China, meanwhile, industry is having to adapt to ever-stricter rules which are partly behind the announcement from the country’s biggest zinc smelter that it is to cut production. In late...
Poland’s economical performance is ‘epitomised’ by polymer consumption, which surged more than 3.5% between 2009 and 2014, according to a new study by UK research firm Applied...
As for fibre prices, OCC strengthened from US$ 170-plus per tonne at the start of October to end the year at US$ 180-plus whereas mixed paper climbed from US$ 143-plus to US$ 158-plus over the same...
In October last year, the most recent month for which figures are available, US scrap plastics exports totalled 365.65 million pounds (166 000 tonnes) for a 3.1% increase over September. However,...
For the whole year 2016, some 25 000 units have been taken in. At the same time, in general, ELV generation in Japan is likely to decline in the mid-to-long-term due to sluggish new car sales and...
The EU Commission will have until August 2017 to decide what it will do with the recommendations made by these studies and whether this advice will lead to changes in ELV legislation. In other news,...
For recyclers, the option to repair or reuse electronics and many other products was obviously available already, but was never that attractive because of the high commodity prices, Minter tells...
According to latest figures from the International Copper Study Group, apparent refined usage increased by around 3% year on year to 17.53 million tonnes, mainly as a result of Chinese apparent...
To the surprise of many, recovered paper markets have been generally steady to strong in November. On the downside, however, traders have continued to experience shipping problems and uncertainties,...
Once again as year-end approaches, the trading community is having to pay close attention to the calendar in order to ensure that cargoes arrive on dates which do not raise awkward issues with...
There were steep increases in metals prices - notably for copper - immediately following the US presidential election victory of Donald Trump. The question is now whether these gains can prove to be...
Since Recycling International last reported on the nickel and stainless markets in late October, both have climbed to higher levels. In terms of stainless steel scrap, 304 material has advanced from...
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...
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...
LME copper rallied from US$ 4700 to US$ 5800 per tonne in a very short space of time while lead and zinc recorded, respectively, five- and nine-year highs before undergoing corrections. According to...
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