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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...
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...
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...
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,...
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...
The 479 515 tonnes easily outstripped the 394 922 tonnes of the same month last year and took the running total for 2016 to 4.103 million tonnes - an increase of 2.1% over the 4.02 million tonnes of...
In totalling just 592 875 tonnes in September, the country's collections were lower than for any month since August last year when 564 725 tonnes was amassed. UK exports also recorded their lowest...
Latest figures from the US Census Bureau and US International Trade Commission show that China received 502 960 tonnes of plastics scrap from America in the opening eight months of this year compared...
The weighted price of scrap plastic exports also saw an increase. At 17.27 dollar cents per pound, the price was up 2.3%from its July standing. However, with 1.035 million tonnes of scrap plastics...
In April, the Indian government had confirmed a decision to ban plastic scrap imports. However, prices were buoyed in early July when the ministry of environment, forests and climate change announced...
‘The American public continues to be scammed by unethical companies greenwashing themselves as recyclers,’ says BAN’s executive director Jim Puckett. For example, some 96% of the...
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...
The UK’s overseas shipments in the first half of 2016 as a whole were just 1.3% higher than in last year’s corresponding period at 2.523 million tonnes following a 29.2% year-on-year...
Maersk Group will send the vessels to the Shree Ram Yard which is certified to Hong Kong Convention standards. Previously, Maersk has opted for ship recycling in a select few shipbreaking yards in...
American shipments to China tumbled 27% from 200 098 tonnes in January-March 2015 to 146 915 tonnes in the first quarter of the current year. This decrease was far steeper than for US shipments to...
While the 304 stainless scrap price has increased to US$ 980-1030 per tonne from US$ 920-970 and 316 material to US$ 1280-1330 from US$ 1200-1250, chrome scrap values have headed in the opposite...
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...
The world’s largest container shipping company, Maersk last week announced a commitment to help selected ship recycling yards at Alang in India to upgrade facilities and practices to comply...
‘With more vessels to be recycled in the future, the current cost of sustainable ship recycling is not feasible,’ it states. ‘The Maersk Group is determined to use its leverage to...
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...
The latest 10-month running total has been exceeded only once in the past - in 2008 when UK exporters went on to set an all-time high of 4.846 million tonnes which has never been matched since....
According to China Customs statistics for the first nine months of this year, meanwhile, the country's refined copper imports suffered a 4% year-on-year decline to 2.55 million tonnes owing to weak...
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...
Value has continued to flow out of the international ferrous scrap market over recent weeks such that latest cfr price indications for shipments from Europe to Turkey are US$ 190-195 per tonne for...
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...
The SCFI entered new territory after a week that saw rates to North Europe 'nosedive' a further US$ 45. 'They are now 60% below the same week of 2014, and a massive US$ 790 less per TEU than spot...
The Indian government is to keep the new rules in abeyance while considering changes, and may consult with industry representatives on its proposals over the coming days. For now, this decision...
'Drastic changes in policies without a notice period have caught everyone off guard and the whole system has come to a sudden pause,' the Bureau of Middle East Recycling (BMR) has written in a letter...
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