economy

Over recent weeks, scrap buyers in Turkey have steered clear of the deep-sea market for long periods following the USA’s announcement of a 25% tariff on steel imports and a subsequent drop-off...
Steel demand in the developed world is expected to increase by 1.8% in 2018 and 1.1% in 2019 whereas the emerging and developing economies (excluding China) will see growth in 2018 and 2019 of,...
The European plastics scrap market remained virtually silent in March without any improvement in prices. Suppliers are constantly searching for better prices but there is no support from the market...
In the first two months of this year, imports of recovered paper shipped to China have gone down by nearly 47% year-on-year. This a big blow for the UK, which had gotten used to exporting some 46% of...
KLEAN has partned-up with HelloGold to install special reverse vending machines in hotspots across Malaysia’s capital Kuala Lumpur. The machines accept both plastic bottles and aluminium cans...
US plastics scrap shipments to China dwindled from 150 630 tonnes in January-February 2017 to 10 476 tonnes in this year’s corresponding period. The three largest export markets for US plastics...
Officially, the Chinese steel industry’s scrap use sky-rocketed more than 64% year on year to 147.9 million tonnes in 2017, prompting a dramatic increase in the proportion of steel scrap used...
Production across the 64 countries reporting to the World Steel Association (WSA) amounted to 131.791 million tonnes for an increase of 3.5% over the 127.338 million tonnes of February last year....
NSW’s environment minister Gabrielle Upton has announced the availability of the financial support so the region’s councils can offset the costs of kerbside recycling. The ‘...
According to latest data published by the International Copper Study Group (ICSG), secondary output climbed from 3.866 million tonnes in 2016 to 4.037 million tonnes last year whereas primary...
Among the leading steelmaking nations, Turkey registered this January’s largest year-on-year increase in production of 7.6% to 3.174 million tonnes, followed by South Korea (+2.7% to 6.125...
The UK 'has been trying to locate newer markets since the possibility emerged that China might shut its door', explains Duff & Phelps' managing director Geoff Bouchier. 'In the absence of...
According to latest figures from the International Copper Study Group (ICSG), the 1.5% decrease in primary production to 17.557 million tonnes contributed to a refined copper output total of 21.404...
Turkey remained the runaway leader in terms of US scrap imports with its purchases climbing 14.1% year on year to 3.631 million tonnes. China upped its order by an identical percentage in buying 1....
Latest figures from the Confederation of Paper Industries and HM Revenue & Customs reveal that the UK - Europe's largest exporter of recovered paper - shipped out 1.441 million tonnes of mixed...
The initiative, which will be implemented in eight regions across the country, has been launched in the country’s capital Accra by environment, science, technology and innovation minister...
The increase was boosted by accelerated growth of 4.7% in China as compared to 2.9% in the previous year, with strong gains also reported for Brazil and Russia. Japan registered moderate growth and...
Samsung SDI, an affiliate of Samsung Electronics Co., intends to 'mine' post-consumer phones for cobalt now supplies are getting scarce. Down the line, it may look to electric car batteries as well,...
Average gold prices range from US$ 1215 to US$ 1381, but the overall mean is expected to be broadly in line with the price in the first half of January. Analysts anticipate a bullish outlook for...
The companies - Amcor, Ecover, evian, L’Oréal, Mars, M&S, PepsiCo, The Coca-Cola Company, Unilever, Walmart and Werner & Mertz - are said to represent more than 6 million tonnes of...
Next on the list comes the USA with an increase of 4% in its crude steel production last year to 81.64 million tonnes, followed by Russia (+1.3% to an estimated 71.34 million tonnes) and South Korea...
'These are two of the largest metal recyclers in the UK,' states the authority. 'As part of its initial investigation, the CMA found that EMR and MWR were the two main companies offering to purchase...
On the back of healthy demand from Turkish mills, 2017 ended with HMS I/II 80/20 scrap from the USA and Baltic Sea commanding up to US$ 370 per tonne on a cfr basis. Although international trading...
With primary refined production dropping 2% year on year to 15.915 million tonnes, the increase in scrap-based production from 3.181 million tonnes to 3.481 million tonnes brought about a small gain...
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...

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