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Production pruning - Baku Steel to restart product... Scrap metal ring may pay £500k Recyclers voice caution over "signs" of market rec... Sebeka Utilities Superintendent Charged 2 anti-crime bills failed in Assembly Steel import pushes ship breaking industry in hot ... LCCI wants sales tax rate reduced to 12pc LETTER 04.15.2009 Recycling way to go Indian Railways earns 9% more on scrap in 2008-09 Uxbridge invited to unload scrap metal

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Scrap Metal News

Latest scrap metal and recycling industry news.

Wednesday, 12 March 2008
 

Rising steel prices shoots down Werder Bremen's plan to expand stadium


Germany: Rising steel prices forced Werder Bremen to scrap plans to expand the seating capacity at Weserstadion. Team officials will cut back on ...
iht.com

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Friday, 29 February 2008
 

Cabinet monitoring hikes in steel prices


Meanwhile, the ministry will also put exports of H-shaped steel and steel scrap under supervision for three months. Lai Cheng-yi, chairman of the Shining ...
chinapost.com.tw

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Tuesday, 26 February 2008
 

Construction industry to face ruin on further hike in MS rod prices


Denying the ship breakers' role in the hike in scrap prices, PHP Group Chairman Sufi Mizanur Rahman said, "The supply of ships have decreased as well as the ...
thedailystar.net

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Global steel prices: the sky is the limit


"Rising scrap prices, higher orders, and supply constraints have seen long product prices in Germany up by 130 euros per tonne over the past month," ...
guardian.co.uk

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Wednesday, 20 February 2008
 

Budget must target local issues, foreign


Q: The steel industry has partially decided to roll back prices - what kind of sweeteners has been offered to you in returns? Roongta: No sweeteners so far ...
news.moneycontrol.com

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Metals - Copper jumps above 8000 usd on Chinese demand, falling ...


Copper jumped above the 8000 usd mark for the first time since October as resurgent Chinese demand led ...

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Monday, 18 February 2008
 

Budget Wishlist | Scrap import duty on battery: E-bike industry


Meanwhile, the traditional bicycle industry, which is struggling to sustain its position in domestic and export markets due to rising steel prices, ...
livemint.com

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Sunday, 17 February 2008
 

Steel price closes unchanged


Steel prices, including saria, garder and angle section remained unchanged in the local iron and steel market here today due to little bouts of ...
thehindubusinessline.com

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Steel companies relent, agree to roll back hike


This was in addition to steel price hike in January when prices were hiked between Rs 1000 and Rs 1500. The decision to roll back prices was taken after the ...
financialexpress.com

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Thursday, 14 February 2008
 

Mittal SA earnings rise


Operating was helped by the significant increase in international steel prices, a weaker average rand/dollar exchange rate and a substantial increase in the ...
thetimes.co.za

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Sunday, 10 February 2008
 

Steel ministry to work out price hike formula


"I have requested the steel secretary to work out the ratio of price hike. If iron ore prices have gone up by 100%, steel prices cannot go up to a similar ...
economictimes.indiatimes.com

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Saturday, 9 February 2008
 

Steel prices likely to rise


"Steel price may have to be revised again in the wake of continuing rise in the prices of inputs such as iron ore, coking coal, coke, scrap and ferro alloys ...
economictimes.indiatimes.com

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Copper hits three-month high


Copper for delivery in three months on the LME ended the day at $7550 per tonne, up from Wednesday's close of $7330. In other metals nickel, ...
news.smh.com.au

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Friday, 8 February 2008
 

Copper hits 3-mth high after LME stocks fall


In other metals nickel, a key ingredient in stainless steel, shed $200 to $26700/26800 per tonne. Three-months aluminium was steady at $2640 per tonne, ...
economictimes.indiatimes.com

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Ahead of review, analysts do not expect a let-up in steel prices


"Doing away with the import duty on met coke and scrap iron is not going to be enough of a reason for the steel makers to be willing to bring down the ...
livemint.com

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Ahead of review, analysts do not expect a let-up in steel prices


"Doing away with the import duty on met coke and scrap iron is not going to be enough of a reason for the steel makers to be willing to bring down the ...
livemint.com

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Thursday, 7 February 2008
 

Rising steel prices draw protests from cycle manufacturing industries


To offset the rising input costs, Paswan has proposed that import duties on scrap iron ore be reduced from 5% to zero. Steel prices are set to rise globally ...
machinist.in

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Wednesday, 6 February 2008
 

Exports of hand tools suffer due to hike in steel prices


The exporters demanded that the export of the raw iron and steel, which have been growing rapidly, should be stopped immediately and Government should scrap ...
http://www.185elgin.com

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JSW Steel worried over rising raw material costs


"The strong demand and soaring import costs led to a sharp rise recently in finished steel prices." - Mr Sajjan Jindal Mumbai, Feb. ...
thehindubusinessline.com

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ASIAN AVERAGE CARBON STEEL PRICES - LATEST FORECASTS FROM MEPS


Large advances across all long products are forecast for the next few months due to rising scrap, energy and billet costs. Increases in the Chinese export ...
meps.co.uk

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Tuesday, 5 February 2008
 

Building material prices going up in H2


Since December last year, he said, the price of scrap (main raw material for steel) had jumped by 29% to about US$490 per tonne from US$380 per tonne ...
biz.thestar.com.my

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Copper prices slip


Zinc ended $US30 lower at $US2,475 per tonne while lead was last quoted at $US2,825/2830 versus Thursday's $US2,820 and nickel traded at $US27,700 from ...
news.theage.com.au

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Sunday, 3 February 2008
 

Rising steel prices put squeeze on PLN power project


State-owned power company PLN is likely to face another threat to its 10000 megawatt coal-fired power plant project as steel prices have soared by about 34 ...
thejakartapost.com

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Friday, 1 February 2008
 

Outokumpu Annual Accounts Bulletin 2007 - Good Results In A ...


Stainless steel base prices were applied and reported from November onwards again. According to CRU, the base price for 2mm cold rolled 304 stainless steel ...
abnnewswire.net

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Metals - Copper slips further ahead of Fed rate decision; slowing ...


Copper continued lower ahead of this evening's rate decision by the US Federal Reserve, with market players booking profits ...
forbes.com

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Friday, 25 January 2008
 

Construction boom lifts Saudi scrap iron prices


Cost of materials such as cement and steel could rise 19% during the next 12 months, it added. The scrap metal market is estimated at up to 3 million tonnes ...
arabianbusiness.com

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No quick recovery for nickel prices


Nickel prices are likely to remain weak for several months as a much-heralded recovery in the stainless steel ...
As Published by guardian.co.uk

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Tuesday, 22 January 2008
 

Scrap iron price in Saudi Arabia jumps by SR100


Traders expect that the kingdom's consumption of iron and steel during the next three years would exceed more than 36 million tonnes. ...
khaleejtimes.com

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Monday, 21 January 2008
 

Steel industry anticipates further price hikes


Surging input prices and demand will continue to push up steel prices on the domestic market, a recent conference has heard. At the moment, steel billets ...
thanhniennews.com

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Saturday, 19 January 2008
 

Customers told to steel against big price rise


The company said a rapid rise in the cost of scrap metal during the Christmas-New Year break had resulted in the price of a tonne of scrap steel rising from ...
nzherald.co.nz

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Friday, 18 January 2008
 

Metals - Copper holds onto gains as Fed chairman Bernanke begins ...


Nickel fell to 27650 usd against 27900 usd, however analysts at Fairfax IS remained cautiously upbeat on the outlook for prices amid hopes demand from the ...

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Metals - Copper holds onto gains as Fed chairman Bernanke begins ...


Nickel fell to 27650 usd against 27900 usd, however analysts at Fairfax IS remained cautiously upbeat on the outlook for prices amid hopes demand from the ...
As Published by money.cnn.com

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Copper prices pare gains on Bernanke


A FALL in inventories lifted copper prices in early trade overnight, but the market pared gains after the head of the US Federal Reserve pointed to a ...
As Published by theaustralian.news.com.au

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Thursday, 17 January 2008
 

Producer Price Index Decreases 0.1% in December


Iron and steel scrap prices turned up 5.7 percent following a 7.6-percent decrease in November. The index for copper base scrap fell less than in November. ...
123jump.com

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Wednesday, 16 January 2008
 

Hyundai Steel Shares Fall as Brokerages Cut Estimates (Update1)


9 raised their forecasts for Korean scrap prices by 18 percent because of a
global shortage. Hyundai Steel traded at 70100 won at 1:25 pm Seoul time....
bloomberg.com

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Tuesday, 15 January 2008
 

GRATE DRAIN ROBBERY


In the past few years similar thefts have been reported in towns and cities around the world, following a surge in scrap metal prices. The metal road drain ...
examiner.co.uk

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Monday, 14 January 2008
 

Copper gains ground


Tin was untraded but last quoted at $US16,300/16305 and nickel shed $US50 to $US28,650. Spot gold surged to a record just shy of $US900 an ounce on Friday ...
news.theage.com.au

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Raw materials costs are boosting sheet steel prices


Steel scrap prices have erupted by $55/gross ton to $325 this week in the Midwest with scrap market insiders seeing another $70 increase to $395 in coming ...
purchasing.com

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Friday, 11 January 2008
 

Steel ingot F&Os dearer on sponge iron shortage


"All of this is putting pressure on steel prices," he said. Steel ingot production had already slowed down, due to a shortage of both sponge iron scrap and ...
economictimes.indiatimes.com

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Thursday, 10 January 2008
 

Steel prices up on better demand


Marketmen said considerable rise in scrap and poor supply of scrap caused the rise in angle prices. Higher advices from the finance also influenced the ...
economictimes.indiatimes.com

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Higher steel demand and prices to boost Masteel's earnings


The company's arch furnace uses scrap steel as feedstock, as opposed to iron ore for bigger blast furnaces. While the price for scrap steel has been going ...
theedgedaily.com

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COMEX futures review


The most-active March copper contract fell 1.65 cents to settle at $3.1410 a pound, hurt by lingering concerns about the strength of the US economy after ...
commodityonline.com

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Wednesday, 9 January 2008
 

Yellow metal prices stay on high note


A number of traders indicated that with the high prices, sales of scrap gold in the market were up significantly. Bombay Bullion Association's (BBA) Suresh ...
economictimes.indiatimes.com

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Saturday, 5 January 2008
 

Ceiling price of steel bars and billets up 12%


The price hike, however, won't be a windfall for steel millers, who have incurred higher raw material costs due to rising international scrap prices. ...
biz.thestar.com.my

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Friday, 4 January 2008
 

Metals - Copper up in line with record gold, oil; lower LME stocks ...


Nickel edged higher to 27950 usd a tonne against 27250 usd, tin was flat at
16400 usd and aluminium was virtually unchanged at 2458 usd against 2440 usd. ...
forbes.com

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Can Malaysia cope with new benchmark price?


These include the prevailing tightness in steel supply among contractors while escalating raw material prices like iron ore and scrap metal are squeezing ...
biz.thestar.com.my

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Thursday, 3 January 2008
 

Copper Advances in London Trading, Extending a Six-Year Rally


Copper rose in London, extending a six-year rally, on speculation a decline on New Year's Eve was excessive. Zinc and nickel also climbed. ...
bloomberg.com

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Moderate fall in nickel, tin, zinc, copper prices


Prices of nickel, tin, zinc and copper declined moderately on the non-ferrous metal market here today due to lack of industrial demand coupled with lower ...
outlookindia.com

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Commodities review of 2007 & preview of 2008


... accounting for 23% of the world copper demand and Infrastructure development in developing countries should support prices. Nickel prices reached their ...
commodityonline.com

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Police blitz slashes metal thefts


Prices of lead, copper and steel have rocketed. Shopping trolleys, brass door knobs and even a bus stop have been stolen by thieves in the West Midlands ...
expressandstar.com

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Wednesday, 2 January 2008
 

Base Metals Moving in to 2008


The first quarter saw an appreciation in prices for example Nickel which made new highs. The other Base metals also followed this trend but then came the ...
commodityonline.com

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Tuesday, 1 January 2008
 

Emerging markets to push global steel demand


... steel producers, particularly those with no direct access to resources such as iron ore, coke, pig iron and scrap. The agency expects steel prices to ...
biz.thestar.com.my

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Copper futures drop to end week


Lead was down $US54 at a quoted $US2,565/2570 per tonne, tin was up $US170 at $US16,470/16475 per tonne and nickel was down $US450 at $US26,550 per tonne. ...
news.smh.com.au

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Friday, 28 December 2007
 

Metals - Copper hits three week high as China vows to scrap import tax


'This should boost imports of the metal by the world's biggest consumer,' said Basemetals.Com analyst William Adams. LME trading resumed today after being ...
forbes.com

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Wednesday, 26 December 2007
 

Mixed trend in metal prices


Prices of nickel, copper cable scrap and brass moved up in an otherwise mixed non-ferrous metal market here on ...
economictimes.indiatimes.com

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Tuesday, 25 December 2007
 

Copper Surges in Shanghai as China Stockpiles at 10-Month Low


Among other LME-traded metals, lead settled at $2650 a ton, nickel was at $26950 a ton and tin was at $16400 a ton.
bloomberg.com

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Monday, 24 December 2007
 

Metal worth weight in gold


The cost of scrap metal has increased by 50 per cent due to huge demand in China and India encouraging thieves to steal metal to make a ...
thisischeshire.co.uk

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Sunday, 23 December 2007
 

Metals - Copper extends gains as demand outlook brightens slightly


Nickel was up at 26820 usd a tonne against 26350 usd, tin rose to 16400 usd against 16200 usd while aluminium was up at 2412 usd against 2406 usd. ...

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Friday, 21 December 2007
 

Australia's S&P/ASX Rises, Snapping Longest Selloff in 5 Years


BlueScope was elevated to ``buy'' from ``neutral'' at UBS AG, because of the positive outlook for steel prices. CSR Ltd. (CSR AU), Australia's biggest sugar ...
bloomberg.com

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Base metals prices up


Select base metals such as nickel, tin and copper improved in the range of Rs.5 to Rs.15 a kg in the non-ferrous ...
economictimes.indiatimes.com

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Commercial Metals Company Reports Solid First Quarter; Outlook ...


Our steel mills in the US should benefit from both higher shipments and higher selling prices although rapidly increasing ferrous scrap prices may cause a ...
As Published by money.cnn.com

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Steel Dynamics Updates Earnings Guidance, Announces Conference Call


"Various positive factors exist to suggest a stronger year for flat rolled steels, including low inventories, limited imports, high steel prices abroad, ...
As Published by money.cnn.com

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Saturday, 15 December 2007
 

Steel margins likely to be under pressure in 2008


Although steel prices are likely to firm up across most markets in 2008, a tight raw material scenario may compress margins of steel producers who do not ...
economictimes.indiatimes.com

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Wednesday, 12 December 2007
 

Global steel prices to go up in '08: Fitch


11 Global credit rating agency Fitch expects steel price to increase in most markets in 2008, and says tight raw material markets are likely to cause margin ...
thehindubusinessline.com

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High hopes for Dubai steel exchange


Trade volume is rising in the world's first steel rebar futures market in Dubai, and participants hope it will smooth out the price swings to which this ...
ciobinternational.org

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Tuesday, 11 December 2007
 

Global steel industry to see consolidation, shrinking margins in ...


Although steel prices are likely to go up in most markets in 2008, tight raw material markets may compress margins of steel producers who do not control ...
forbes.com

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Prices of sponge iron may come down


The sponge iron price have stagnated at Rs 14500 a tonne for two months as any hike may force steel mills to switch to shredded scrap. Steel mills' appetite ...
commodityonline.com

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Sunday, 9 December 2007
 

China's steelmaking expansion will grow, just like domestic sheet ...


As for a near term outlook, Steel Business Briefing's global perspective on steel-making raw materials suggests that it's "likely that scrap prices will ...
purchasing.com

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Saturday, 8 December 2007
 

Steel flat on restricted demand


Steel prices maintained a flat trend in the local iron and steel market on Wednesday with prices moving in a little range on alternate bouts of ...
thehindubusinessline.com

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Novolipetsk Steel (NLMK) Acquires a Controlling Stake in Maxi-Group


... will lead to NLMK's 100% self-sufficiency in steel scrap, which is an
important competitive advantage given projected higher scrap prices in Russia. ...
As Published by russianewswire.com

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Thursday, 6 December 2007
 

Chinese nickel pig iron production only constrained by price and ...


SHFE copper prices bounced back significantly last week, in tandem with LME prices. The price was lent momentum by strong buying from end-users, ...
mineweb.com

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Tuesday, 4 December 2007
 

NORTH AMERICAN AVERAGE CARBON STEEL PRICES - LATEST FORECASTS FROM ...


In the long products segment, scrap prices in North America are in decline. This is expected to translate into lower prices for all product categories over ...
meps.co.uk

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Copper falls as stock rise, ISM data no help


Nickel traded down a touch at $27000/27200 from $27095 on Friday. Earlier it saw a session high of $27620 as stocks fell by a substantial 528 tonnes to ...
africa.reuters.com

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Saturday, 1 December 2007
 

Lion Corp's 1Q profit falls 92%


... coupled with the increase in scrap price and higher freight charges. In
a statement yesterday, the steel-maker said its revenue for the quarter declined ...
theedgedaily.com

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Lion Corp's 1Q profit falls 92%


... coupled with the increase in scrap price and higher freight charges. In
a statement yesterday, the steel-maker said its revenue for the quarter declined ...
theedgedaily.com

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Increasing Copper Prices Means More Theft


"Our members have suggested policy language that would favor requiring some additional identification that would be recorded by scrap metal dealers when ...
publicbroadcasting.net

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Increasing Copper Prices Means More Theft


"Our members have suggested policy language that would favor requiring some additional identification that would be recorded by scrap metal dealers when ...
publicbroadcasting.net

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UK Stocks Rise; Anglo American, Barclays, Burren, Sage Climb


Copper, nickel, lead, zinc and tin prices all advanced in London. Barclays added 4.3 percent to 563 pence, while Royal Bank of Scotland Group Plc, ...
bloomberg.com

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Friday, 30 November 2007
 

Select metal prices up on global cues


Prices of nickel, copper and zinc recovered in the range of Rs 2 to Rs 5 a kg in the wholesale non-ferrous metal ...
economictimes.indiatimes.com

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Thursday, 29 November 2007
 

Metals - Copper prices ease in London as slowdown fears dominate ...


Nickel for delivery in three months was down at 28100 usd against 28705 usd, while aluminium fell to 2497 usd per tonne from 2509 usd. ...
As Published by money.cnn.com

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Wednesday, 28 November 2007
 

Simpson Manufacturing: The Wall Street Analyst Forum Presentation ...


At the start of '06, there was a substantial increase in the price of steel, and if the price of steel goes up significantly, we will raise prices to match ...
seekingalpha.com

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Tuesday, 27 November 2007
 

Bouchard Assesses Progress as Merger Vote Nears


While the deal took about six months longer than anticipated and steel and scrap prices took some damaging swings during ...
theintelligencer.net

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For Sale: Defunct Wisconsin Bridge, $1


Village board member Vicki Campbell said they hope high scrap prices help attract a buyer who may want to sell the bridge's steel parts. "With the steel ...
As published by ap.google.com

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Sunday, 25 November 2007
 

Soldiers Grove wants to sell Kickapoo River bridge for $1


Board members hope buyers will be attracted by the scrap steel in the structure. "With the steel prices what they are right now, we thought this was an ...
lacrossetribune.com

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Gold above $810


Copper up on bargain hunting: Copper recovered on Friday as consumers were attracted by lower prices and mining firms' shares traded higher on M&A talk, ...
dailytimes.com.pk

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Wednesday, 21 November 2007
 

Analyst sees sheet steel prices inflating 13% in 2008


Bradford says this will prop up mill efforts for higher prices. Atop that, he says anticipated cost inflation for such raw materials as iron ore and scrap ...
purchasing.com

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Tuesday, 20 November 2007
 

Gerdau Agrees to Buy Quanex Steel for $1.67 Billion (Update2)


The Quanex unit makes special bar quality, or SBQ, steel, which has jumped about 65 percent in price during the past four years. ...
bloomberg.com

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Asian Stocks Fall on US Mortgage, Global Economy Concerns


Copper futures yesterday plunged 5.4 percent in New York to the lowest closing price since March 21. An index of six metals including copper, nickel and ...
bloomberg.com

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Metals - Copper dips on ongoing demand worries; lead, zinc hit ...


In other metals, nickel was up at 31375 usd against 31250 usd, tin fell to 17350 usd against 17400 usd, while aluminium edged down to 2548 usd against 2550 ...
forbes.com

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Saturday, 17 November 2007
 

Moderate fall in nickel, copper and brass prices


Prices of nickel, copper and brass declined moderately in the non-ferrous metal market here today on lack of industrial demand coupled ...
As Published by ptinews.com

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Friday, 16 November 2007
 

GERMAN STEEL PRICE FORECASTS - HOT ROLLED COIL


This year's MEPS German Hot Rolled Coil average price is forecast to be 10 percent above the 2006 figure. This will be a new record high and the first time ...
meps.co.uk

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Thursday, 15 November 2007
 

Mittal earnings drop


This was partially offset by higher steel prices, it said. Revenue for the quarter rose to 7.532 billion rand from 7.106 billion rand for the same quarter a ...
thetimes.co.za

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Wednesday, 14 November 2007
 

Steel Output, Scrap Price Sturdy


One of these is the price of steel scrap, which is being reinforced by current levels of steel output. Late Monday, for example, the American Iron and Steel ...
thestreet.com

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Industrial Prices


By Tony Crescenzi Earlier, I mentioned that both steel scrap prices and steel production remained at elevated levels, signaling continued strong global ...
thestreet.com

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Commodities Update


Sutcliff believes that steel prices and volumes will be "favorable for many foreseeable months." As for scrap, he noted that the US market experienced a ...
purchasing.com

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Tuesday, 13 November 2007
 

Sharp fall in copper, zinc, lead, tin and brass prices


While, nickel firmed up due to good demand from industrial users. In New York, copper futures fell on Friday as economic worries continued to cause jitters ...
outlookindia.com

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Copper heading for USD 7000 - OPEC close to easing quotas


Aluminium followed copper and fell in Friday's trading, whereas nickel improved the overall picture of the base metals. Nickel gained no less than 3.4% ...
fxstreet.com

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Monday, 12 November 2007
 

Copper battered on a slow day


COPPER plunges, nickel soars - just another trading day when it pays to be a diversified global miner like BHP Billiton. Portents of slower economic growth ...
theaustralian.news.com.au

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Interseroh AG: Further growth in the third quarter


The prices for steel scrap continually increased between January and June, except for a slight decline in May. In the third quarter the prices dropped, ...
pressebox.de

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Metals - Copper edges up on dollar weakness, bargain hunting UPDATE


Among other metals, three-month nickel was lower at 32625 usd per tonne against 32800 usd and aluminium was higher at 2642 usd per tonne against 2630 usd at ...
forbes.com

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120 Maddox Rd. Williamstown, VIC 3016
Tel: (03) 9397-4358
Email: robuck@bigpond.com

© Southern Cross Metal Recyclers 2002 - 2006.