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Chinese officials should ‘start talking about cuts in steel production rather than in capacity’, he goes on to assert. The Chinese produced over 800 million tons of steel last year...
Scrapped cars exported from the USA to China reportedly contain millions of dollars’ worth of forgotten pennies, nickels, dimes and quarters every year, according to the Wall Street Journal....
Contributing to the Materials Recycling World magazine, he points out that a large proportion of the UK’s business is conducted with EU member states, with free trade having helped to support...
'The global steel market is suffering from insufficient investment expenditure and continued weakness in the manufacturing sector,' says T V Narendran, chairman of the WSA’s economics committee...
Labour costs have increased ‘very rapidly’ in China and some lower-end projects have moved to other developing countries in the region with wage and logistics advantages as well as lower...
Purchases by foundries fell 0.5% to approximately 3.38 million tonnes on a total production of 4.04 million tonnes. Germany’s scrap steel exports amounted to around 8 million tonnes or some 16...
OCC prices have been holding up well in the international marketplace, not least because of stable purchasing by the Chinese and renewed buying activity by Indonesian mills, with India also said to...
Despite the fact that prices of many non-ferrous metals are now significantly higher than they were at the time of our previous analysis, inflows of scrap remain constrained in many instances. As of...
Compared to the prices noted in our report of mid-January, 304 stainless steel scrap has seen an increase from US$ 890-940 per tonne to US$ 920-970 whereas the 316 quality is unmoved on US$ 1200-1250...
Another month, another ferrous scrap price drift - with current levels prompting experts to voice concern over the sector’s economic well-being. Latest cfr price indications for shipments from...
The Metal Recycling Association of India’s third international congress was held in Delhi in late January and attracted some 900 delegates. And there was good news to be had at the event: India...
In China itself, meanwhile, nine large copper smelters have agreed to cut sales by as much as 200 000 tons in the first quarter of 2016 in a bid to counter low prices; this is in addition to an...
OCC prices kicked off last year's fourth quarter at around US$ 165 per tonne but slipped to US$ 155-plus by mid-November and then ended the year at just below US$ 150. Mixed paper traced a similar...
The overall decline to 1.908 million tonnes owes much to the 20% slump in deliveries to leading buyer China - from 1.013 million tonnes in January-November 2014 to 814 012 tonnes in last year's...
Latest cfr price indications for shipments from Europe to Turkey are US$ 190-195 per tonne for standard quality HMS I/II 80/20 scrap and US$ 195-200 per tonne for shredded. Earlier in November, there...
The conference will incorporate interactive panel discussions addressing various topics, including: the steel industry in Bangladesh; the future of the global shipbreaking sector; new technologies;...
All provincial offices of China's Environmental Protection Administration (EPA) have been charged with the responsibility of undertaking spot inspections of scrap plastic users. This also includes...
The stainless steel scrap market has been affected by high stocks of finished stainless goods as well as by ever-weaker and 'unsustainable' pricing for all alloying elements. 'Availability of...
Shipping freight rates are close to historical lows in some instances. But heading into the final quarter of 2015, sellers in the leading exporting regions of the world have witnessed no spurt in...
China's finished steel exports in July and August combined for over 19m tonnes but even this figure was eclipsed by the record-breaking 11.3m tonnes shipped out in September alone, he points out....
With crude oil prices climbing almost 10% at the beginning of October, greater stability reigned among LDPE scrap values and collectors/waste generators began the process of pushing up prices....
The markets are buzzing over the extent to which the economic and financial headaches in China are affecting - and will continue to affect - international recovered fibre sales. Indeed, August has...
Newspaper headlines around the world have been dominated over recent weeks by events in China, namely the devaluation of its currency, the continuation of its run of poor economic data, and stock...
For scrap sales into Turkey, the price peak for August of US$ 240 per tonne for the HMS I/II 80/20 mix was achieved in the penultimate week of the month by an American supplier. Subsequently, however...
According to the local authorities, a total of 112 vessels have been anchored off Tianjin over recent days, with another 62 docked - or waiting to dock - at what is claimed to be the busiest port in...
Latest cfr price indications for shipments from Europe to Turkey are around US$ 50 lower than at the time of our early-June report, reaching US$ 220-225 per tonne for standard quality HMS I/II 80/20...
The 304 quality has dropped back from US$ 1300-1350 per tonne to US$ 1240-1290 while 316 material has slid from US$ 1780-1830 to US$ 1570-1620. The declines in chrome scrap prices have been more...
The federation has reached out to economic development and trade minister Aivaras Abromavicius, warning of a 'threat' of stoppages at some mining and metal companies. An estimated 32 million tonnes...
In India, confusion remains ‘palpable’ among most importers, exporters and even inspection agencies regarding new pre-shipment inspection (PSI) rules for scrap imports. The requirement on...
US exports of scrap materials are said to have fallen by 36% since peaking at US$ 32.6 billion in 2011. The country’s overseas shipments of scrap and waste amounted to US$ 21 billion in 2014...

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