economy

With just one month of 2017 to go, global crude steel production was running 5.4% ahead of its 2016 pace as all major producers upped their numbers - with the notable exception of Japan and Ukraine....
Demand for paper packaging will continue to grow in large part thanks to the manufacturing economies of China and of other emerging countries. Smithers Pira analysts estimate that annual demand for...
The increasing application of rare earth metals in several key end-use industries is expected to fuel their demand over the next few years. Major sectors such as energy and automotive are exhibiting...
In the second half of 2016, the company made a profit of RMB 2002.2 million - just over US$ 304 million at the current rate of exchange. This latest profit assessment has been relayed in a statement...
Recycling facilities across the USA have been recovering coins for many decades - in the form, for example, of loose change left in cars or found between seats, as well as money left in vending...
Turkish mills are showing a healthy demand for scrap at a time of year when supply can be constrained by difficult weather-related conditions. As a result, HMS I/II 80/20 scrap of US and Baltic Sea...
Flexible packaging makes up more than 21% of the entire packaging industry. Asia counts as the largest market (40%) and growth in the region is projected to be 5% between 2015 and 2020 as compared to...
Refined copper supply has been bolstered by rising secondary production from scrap, with the eight-month total of 2.771 million tonnes representing an increase of 10% from last year’s 2.515...
Aurubis is eager to expand its geographical boundaries. At the moment, it is particularly exploring business opportunities in South America, North America and Europe. Acquiring other ventures is a...
Quality Circular Polymers is capable of processing 35 000 tons of polypropylene and high-density polyethylene per year. The recycling facility, located in the Dutch municipality of Sittard-Geleen,...
UK chancellor of the exchequer Philip Hammond comments: ‘The UK led the world on climate change agreements and is a pioneer in protecting marine environments. And I want us now to become a...
Output across all 66 nations reporting to the World Steel Association jumped 5.9% from 137.214 million tonnes in October 2016 to 145.254 million tonnes in the corresponding month of 2017. Capacity...
After a tough 2017, industrial demand is expected to rebound by 9% in 2018, largely driven by increasing demand from the petroleum and glass sectors. Meanwhile, global automotive demand is expected...
At present, the global plastics and rubber products manufacturing market is worth US$ 1460 billion, which represents approximately 21% of the total paper, plastics, rubber, wood and textile...
Speaking at EuRIC’s first European Recycling Conference held recently in Milan, Van de Nes said that, in the short term, ‘we will continue to see disrupted recovered paper markets’ owing to China’s...
The uncertainty surrounding mixed paper clearly shifted the trading emphasis on to OCC, UK shipments of which leapt 37.8% year on year to 279 957 tonnes; the total was more than 10 000 tonnes higher...
‘The good news is that our trade has people of high integrity; they are after long-term contracts and don’t just want to make a quick buck,’ Vora said at the event, organised by...
In mid-September, cfr prices paid by Turkish mills for shipments from Europe and the USA were still above US$ 350 per tonne in certain instances. Before the end of that same month, however, increased...
Market participants are reporting a current balance between supply and demand but are expecting lower offers for the remainder of the year. The combination of low interest rates and satisfactory...
‘Imports continue to negatively impact the US steel industry,’ underlines Nucor. ‘Through the first nine months of 2017, finished steel imports accounted for an estimated 27% share...
'As an industry, we are seeing increasing demand for lightweight, high-strength aluminium from global automotive customers based on aluminium's ability to provide equal or better quality, strength...
The firm has rebranded with the tagline ‘working towards a world where nothing goes to waste’ and launched a new website at www.axiongroup.co.uk. Founding directors Keith Freegard and...
Apparent steel consumption fell slightly across the region in the second quarter of this year but early estimates for the third quarter 'signal a return of EU steel buyers to the market', states...
US recyclers collected around 1.75 billion pounds of PET bottles last year - down from 1.79 billion in 2015 and the 'all-time high' of 1.81 billion in 2014. Once again, sales of PET bottles were...
There was also a small decline in global usage of refined copper across the opening seven months of this year: the total of 13.69 million tonnes trailed the 13.763 million tonnes of January-July 2016...
In terms of value, the market is expected to record a compound annual growth rate of 22.1% from 2017 to 2025. This is mostly thanks to increasing adoption and government regulations on solar module...
Although leading purchaser Turkey upped its requirements by 0.5% to 2.015 million tonnes, this increase was dwarfed by those for the other main buyers of US ferrous scrap, namely Mexico (+30.6% to 1....
Crude steel capacity utilisation for the 66 countries reporting to the World Steel Association (WSA) was 73.5% in September - an increase of 2.8 percentage points over the same month in 2016 and 0.6...
Secondary aluminium accounts for 30% of India’s overall aluminium consumption of 3.3 million tonnes per year. In the past six years, secondary aluminium demand has almost doubled to 1.1 million...
In his presentation on the new European standard for recovered paper quality control, Uriel pointed out that technical possibilities for testing have become ‘more and more extensive’,...

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