economy

The cumulative production total of 142.08 million tonnes was 5% or almost 7 million tonnes higher than that for April 2016, the WSA reports. World crude steel output amounted to 550.841 million...
‘Very tight’ scrap supply and rising prices have prompted several mills in Asia - notably in India, Taiwan and also South Korea - to ‘switch in part from scrap to nickel for...
The result was ‘driven primarily by good raw material markets, particularly in the recycling area’, states the Germany-based group, adding that higher metal prices led to a ‘very...
In the opening quarter of 2017, Europe’s leading recovered fibre exporter - the UK - saw its OCC export prices to China peak at upwards of £150 per tonne (approaching Euro 180) before...
Listed among the company’s key achievements in the period under review is ‘an improved metal mix by increasing recycled inputs from 53% to 55% for the full year’. It also achieved...
In European recycled containerboard, the group implemented a Euro 60 per tonne hike in the first quarter, with additional increases announced for April. ‘Overall demand for recycled...
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...
Another major challenge for European exporters has been the tripling in freight costs for shipments from main European ports to Chinese ports over the last three months - from US$ 750-800 per...
According to ‘Rethinking Waste Crime’, illegal waste operators blight local communities, damage the environment, harm legitimate businesses and deprive the government of tax revenue. The...
‘The global PET market has been picking up steam as the demand for recyclable plastic has been growing at an exponential rate,’ analysts assert. They cite ‘soaring demand’ for...
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$...

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