economy

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’,...
Aluminium scrap shipments to leading outlet China surged 13.5% to 521 277 tonnes - but this percentage gain was eclipsed by increases of 23.3% and 20.2% in US deliveries to, respectively, South Korea...
‘All of stainless steel’s major intrinsic alloys have rallied somewhat during the year in terms of price and so some correction during the fourth quarter would not come as a surprise,...
Progress this year in the global steel market has been ‘encouraging’, says WSA economics committee chairman T. V. Narendran. ‘However, escalating geopolitical tension in the Korean...
In recent weeks, LME prices for some metals have returned to levels last visited several years ago on the back of, among other factors, more positive economic data out of China and the European...
For businesses in the EU, meanwhile, the export market has quietened somewhat and prices have retreated - a case of the market ‘taking a deep breath and stepping back’. However,...
The Recycling Revolving Fund accrues money from recycling fees imposed on Guam’s 162 700 inhabitants renewing their annual motor vehicle registration with the Department of Revenue and Taxation...
Some 900 000 tonnes of polyethylene terephthalate (PET) is produced annually in India, 65% of which is recycled at registered facilities. At least 15% of recycling activity takes place within the...
Although many experts were not expecting a sizeable downward correction, the end of the month has arrived with cfr price indications for Turkey-bound shipments from Europe and North America hovering...
In effect, no-one is clear on what will be permitted to enter China and what will be restricted; all plastic scrap - whether production, industrial or consumer waste - falls under the same HS Code,...
The shortage relates primarily to a lack of energy-from-waste (EfW) power plants, which are replacing landfill sites as the preferred, more sustainable solution for non-recyclable 'residual' waste....
Optimism in the marketplace has been boosted by an improvement in all alloying metal prices. Higher nickel values, firmer steel scrap and expectations of an increase in chrome prices in the coming...
Elsewhere, Pakistan’s scrap importers have been prepared to match or better the prices paid by their Indian counterparts who have been rendered largely quiet by elevated international price...
The carbon footprint of nickel units procured from scrap is 22 000 tonnes of carbon dioxide per 100 000 tonnes of nickel produced as compared to 212 000 tonnes of carbon dioxide for every 100 000...
However, latest statistics from the US Census Bureau and US International Trade Commission confirm that American ferrous scrap exports to all destinations soared 20.5% in the opening six months of...

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