Southern Cross stars


Home
Services Provided
AMRIA Member
Industry Customers
Scrap General
Car Compaction
Factory Cleanouts
Machinery Removal
Custom Bins
Metal Fabrication
Can Cages
Our Location
email
Recent Posts

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

Archive

August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009

Powered by Blogger

Member of Australian Metal Recyclers Association
Southern Cross Metal Recyclers

Scrap Metal News

Latest scrap metal and recycling industry news.

Tuesday, 18 March 2008
 

Novolipetsk Steel hiked domestic prices by 3-16 pct this month


OJSC Novolipetsk Steel raised domestic prices for a range of steel products by 3-16 pct this month due to higher raw material ...
forbes.com

Labels:



 

Steel remain steady


The local iron and steel market ended on a flat note on Monday as prices moved in a tight range on lack of buying support and settled around ...
thehindubusinessline.com

Labels:



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

Labels: ,



Wednesday, 5 March 2008
 

Posco, SeAH and US Steel to build steel pipe plant in US


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: ,



Monday, 3 March 2008
 

Steel Industry feels let down by Budget


... import would have positive impact on steel and other capital-oriented industries, he said pointing out that slashing customs duty on steel-melting scrap ...
economictimes.indiatimes.com

Labels: ,



Sunday, 2 March 2008
 

Snakes & Ladders


The move to cut import duty on steel scrap will benefit small players who produce steel using scrap. The scrap prices in the US have increased to $400 a ...
outlookindia.com

Labels: ,



 

Iron ore hikes hit Gulf construction


The Gulf's exposure to rising iron ore prices is made more acute by the fact that pelletised iron ore rather than scrap steel is the main raw material for ...
This article was published by meed.com

Labels: ,



 

Steel as green material


The overall recycling rate for the steel industry is approximately 66 percent. The steel industry recycles millions of tons of steel scrap from recycled ...
globalnation.inquirer.net

Labels: , ,



 

Steel as green material


The overall recycling rate for the steel industry is approximately 66 percent. The steel industry recycles millions of tons of steel scrap from recycled ...
globalnation.inquirer.net

Labels: , ,



 

Auto industry sees positive impact


He said reduction in customs duty on scrap should moderate price increases in steel and aluminium, which has seen a big run up. Softening effect on input ...
thehindubusinessline.com

Labels: ,



Saturday, 1 March 2008
 

Curtains up for project imports


Scrapping the 5% customs duty on steel scrap may benefit secondary steel makers. JSW Steel MD Sajjan Jindal said the cut will help steel players using ...
economictimes.indiatimes.com

Labels: ,



 

Metals industry welcomes import duty cut


The cost of steel scrap, which is a key raw material for special steels, alloys and stainless steel, has nearly doubled over the last one year to $500 per ...
budgetwithet.economictimes.indiatimes.com

Labels: ,



 

TEXT-Tata Steel unit Corus raises prices for rod products


Coking coal contract prices are expected to be considerably above 2007 levels. In addition, increases in scrap prices, combined with the additional costs of ...
reuters.com

Labels: ,



 

Mixed bag, no check on iron ore exports


The country currently imports about 2.5 million tonne of steel scrap and the announcement is likely to result in savings of over Rs 200 crore for the ...
financialexpress.com

Labels: ,



 

DRUG PRICES TO BECOME CHEAPER - RAM VILAS PASWAN


The reduction of customs duty on steel melting scrap would help in making available rods and rounds, used by the common man in construction activity, ...
pib.nic.in

Labels: ,



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

Labels: ,



 

Taiwan to raise H beam


It is reported that Taiwan's Tung Ho Steel is going to negotiate with Dragon Steel over the new domestic H beam price of March shipments, and is considering ...
steelguru.com

Labels:



Thursday, 28 February 2008
 

How to Play the Surge in Steel


Pellets and steel scrap are more important in the US as alternatives to the fine-ore form. While iron ore pellets are normally not exported, ...
thestreet.com

Labels: ,



 

January steel imports increased by 35%


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates. ...
purchasing.com

Labels: ,



Wednesday, 27 February 2008
 

Ban on export of iron ore sought


Hit hard by rising input prices, Punjab based steel producers have sought from Union Finance Minister in the coming budget to completely ...
hindu.com

Labels:



 

Producer Price Index Rises 1% in January


Prices for crude nonfood materials less energy moved up 4.0 percent in January subsequent to a 0.2-percent increase in December. The iron and steel scrap ...
123jump.com

Labels: ,



Tuesday, 26 February 2008
 

Hyundai Steel says to raise hot-rolled plate price


The company had recently raised the prices by 60000 won in January. The rise came as prices of steel scrap increased to $490 a tonne in February, ...
reuters.com

Labels: ,



 

LME steel futures trade on first day


They account for almost half of the world's total crude steel production, which is at around 1.3 billion tonnes annually. The price of scrap, ...
guardian.co.uk

Labels: ,



 

China says iron ore supply-demand to stabilize as steel products ...


China's steel products shipments point to a further slowdown in exports as government measures such as a reduction in export rebates and scrapping of ...

Labels: ,



 

THE PUEBLO CHIEFTAIN


SO HOW do you melt a railroad car of scrap steel and make it into something pure, useful, and valuable? Naturally, you start with a lot of scrap. ...
chieftain.com

Labels: ,



 

Asia Ex-Japan Equity Preview: BHP, Hyundai Steel, PTT, Timah


Hyundai Steel Co. (004020 KS): South Korea's second-largest steelmaker will increase prices of its hot-rolled coil products by 9 percent in March to cover ...
bloomberg.com

Labels:



Sunday, 24 February 2008
 

Hyundai Steel to raise HR prices by


Hyundai said that the hike is unavoidable given the sustained price increase in key raw materials such as steel slab and scrap.
As Published by steelguru.com

Labels: ,



Friday, 22 February 2008
 

Taiwan to suspend exports of steel products after soaring iron ore ...


The ministry would also immediately impose monitoring on exports of scrap steel and H-beam steel, also for three months. It said surging steel prices are ...
afp.google.com

Labels: ,



 

Booming market for scrap metal


Manufacturers using steel, and component manufacturers in particular, are enjoying a rare treat - namely a booming market for scrap steel supported by very ...
icbirmingham.icnetwork.co.uk

Labels: ,



 

Iron ore price skyrockets, steel market fluctuates


The problem that makes big difficulties for making ingot steel is that enterprises find it hard to import scrap steel due to the unclear regulations. ...
english.vietnamnet.vn

Labels: ,



 

Steel Dynamics Inc.: Securing Supplies


The first came in October when Steel Dynamics, a 2007 IW 50 Best Manufacturer, finalized its purchase of scrap processing company OmniSource Corp., ...
industryweek.com

Labels: ,



 

Concern over rise in price of iron ore


The Steel Manufacturers' Association of Kerala has expressed concern at the rise in the prices of inputs like iron ore, scrap, ferro alloys, ...
newindpress.com

Labels: ,



 

Iron ore price hike will impact steel prices


While US steelmakers rely more on scrap metal and iron ore pellets rather than iron ore fines to make steel, there will certainly be some impact on US steel ...
purchasing.com

Labels: ,



Thursday, 21 February 2008
 

Taiwan MoEA considering suspending exports of scrap steel, billet ...


The Ministry of Economic Affairs (MoEA) is considering suspending exports of scrap steel, billet and debar for three or six months, ...
forbes.com

Labels: ,



 

Oil prices close at $100 on concerns over refinery blast, supply


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: ,



 

Merrill Lynch sees $1000 gold by 2009


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: ,



 

Nippon Steel seen trimming 2007/08 profit target


BADI hit a record high in November, weighing on Nippon Steel's January-March earnings. High steel scrap prices are also squeezing its profit. ...
reuters.com

Labels: ,



 

Taipei shares close sharply lower on sell-off amid oil price ...


Steel was off 2.07 pct on a report that the government may suspend exports of scrap steel, billet and debar for three or six months to help curb rising ...
forbes.com

Labels: ,



 

Iron ore price hikes could benefit US steelmakers


Other US manufacturers do not use iron ore as a raw material, instead making steel from scrap. "Supply/demand for pellets has been far weaker than for fines ...
reuters.com

Labels: ,



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

Labels: ,



Tuesday, 19 February 2008
 

Asian Stocks Advance; Nippon Steel Leads Commodities Producers


Nippon Steel Corp., Japan's biggest steelmaker, rose the most in three weeks after steelmakers agreed to a 65 percent increase in iron-ore prices, ...
bloomberg.com

Labels:



 

Low domestic prices will ensure more steel exports: SAIL


But, I suppose, international steel prices are also rising and all the major global steel producers have announced price increases. ...
moneycontrol.com

Labels:



 

Steel remains flat


Steel prices closed steady in the local iron and steel market on Monday due to scattered trade. Marketmen said reduced stocks against sporadic ...
thehindubusinessline.com

Labels:



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

Labels: ,



 

Steel majors to roll back prices of TMT bars, coils


The Finance Ministry had also been requested to abolish the duty on scrap steel and coke. The problem of rising ore prices, he said, would also be taken up ...
hindu.com

Labels: ,



 

Column Was A Blend Of Fact And Fiction


She measured Chinese steel energy subsidies by equating them to a presumed gap between user prices and adjusted "border prices. ...
hartfordbusiness.com

Labels:



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

Labels: ,



 

Rising steel prices hit export of hand tools


... on scrap was levied at five per cent, which has also caused shortage of raw material and needs immediately abolition. The iron and steel prices in India ...
business-standard.com

Labels: ,



 

Steel cos to roll back prices


The producers have also urged abolishing the duty on scrap, iron ore and coke. Currently, the duty on scrap is five per cent, while on iron ore itis 2 per ...
thehindubusinessline.com

Labels: ,



 

Rebar prices follow steel as construction inflation continues


Reinforcement manufacturers are increasing prices by £100 a tonne as a result of increased global demand and high prices for scrap metal. ...
contractjournal.com

Labels: ,



 

Brazilian Steel Drives Group To Top 10 Slot


Even so, rising operating costs of coking coal, iron ore and scrap steel have pressured earnings of the industry's top players: Belgium-based Mittal and ...

Labels:



 

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

Labels: ,



Friday, 15 February 2008
 

Paswan, steel cos to talk price cut on Thursday


... of steel has gone up by over $ 200 per tonne in the last quarter itself with sharp increase in international price of iron ore, coking coal, coke, scrap ...
economictimes.indiatimes.com

Labels: ,



 

The Scrap Metal Boom


Scrap metal is big business, whether it is ferrous (iron and steel), nonferrous (other base metals), stainless steel, a special alloy or a precious metal. ...
goldnews.bullionvault.com

Labels: , ,



 

Steel industry strikes deal to cut prices in exchange for duty drop


Steel prices are set in the open market, but the ministry does plead, from time to time, with industry leaders to ask for consumer relief. ...
livemint.com

Labels:



 

A case of collect-a-con?


The company's website claims "collectors are paid higher prices than the reigning steel price", but over this period the scrap steel price has more than ...
mg.co.za

Labels: ,



 

Steel companies announce partial rollback


... steel has gone up by over US$200 per ton in the last quarter itself with sharp increase in international price of iron ore, coking coal, coke, scrap and ...
indiainfoline.com

Labels: ,



Thursday, 14 February 2008
 

Steel industry calls for scrapping of duty on basic inputs


The ISSDA has also said that if the duty cuts are implemented then it would bring down stainless steel prices by Rs 5000 to Rs 7000 per tonne. ...
sify.com

Labels: ,



 

Journal (english)


Around the world, demand for steel is booming - especially in fast-growing economies like China and India. As a result the price of scrap has risen to a ...
dw-world.de

Labels: ,



 

Scrap import duty on steel, reduce red-tapism: Electromech


Currently there seems to be some sort of collusion between major steel suppliers and market operators which ensures that steel prices are always ...
moneycontrol.com

Labels: ,



 

ArcelorMittal SA sees supply-demand balance in 2008


However, ArcelorMittal intends to offset this by increasing scrap melting through the steel plant. The slightly lower sales volumes that Reato said were ...
engineeringnews.co.za

Labels: ,



 

Gerdau Ameristeel Announces Record 2007 Results and Special ...


... Selling Prices Mill external shipments 687 587 Fabricated steel shipments 929 763 Scrap Charged 231 183 Metal Spread (Selling price less scrap) Mill ...
prnewswire.com

Labels: ,



 

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

Labels: ,



Wednesday, 13 February 2008
 

German Stocks Rise, Led by MAN AG, E.ON, RWE; IKB Shares Rally


Higher scrap prices, increased orders and supply constraints have boosted steel prices in Germany, UBS analysts including Andrew Snowdowne wrote in a note ...
bloomberg.com

Labels: ,



 

German Stocks Rise, Led by MAN AG, E.ON, RWE; IKB Shares Rally


Higher scrap prices, increased orders and supply constraints have boosted steel prices in Germany, UBS analysts including Andrew Snowdowne wrote in a note ...
bloomberg.com

Labels: ,



 

Nucor buys scrap metal company


Demand for scrap steel is expected to stay relatively strong in the US -- and with it, prices -- especially if the dollar remains relatively weak, ...
charlotte.com

Labels: ,



 

Steel remain steady


Garder (joist) (150x75) 38000 (175x85) 38100 (200x100) 38600 (125x70) 38100. T -IRON (40X5) (40X6)(50X6) 37300. Ingot and Scrap: Bhivari 32100,...
thehindubusinessline.com

Labels:



 

Steel remain steady


Garder (joist) (150x75) 38000 (175x85) 38100 (200x100) 38600 (125x70) 38100. T -IRON (40X5) (40X6)(50X6) 37300. Ingot and Scrap: Bhivari 32100,...
thehindubusinessline.com

Labels:



Tuesday, 12 February 2008
 

Chrysler CEO: Plastech dispute started with a price increase


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: , ,



Monday, 11 February 2008
 

Noble International is a 'Steel' at Current Valuation


Laser welding offers an attractive value proposition to the OEMs because it lowers costs by decreasing waste and scrap, offers lighter weight which improves ...
seekingalpha.com

Labels: ,



 

Ship demand drives heavy steel price hikes


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: , ,



Sunday, 10 February 2008
 

Nucor Swallows Up The Middleman


The company cited rising costs, including a 17% jump in the price of scrap steel, for the decline. Nucor purchased 22.8 million tons of scrap in 2007....
forbes.com

Labels: ,



 

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

Labels: ,



 

ASSOCHAM and ISA seek iron ore security for steel sector


15% of the steel produced in India is through the induction and electric furnace route. Steel scrap is the main input for this. Scrap prices have gone up by ...
indiainfoline.com

Labels: ,



 

Ship breaking witnesses new spell of growth


... 25000 to 27000 light displacement tonnage (LDT) scrap of steel and other metals as the other two ships being under worked for the last two months. ...
dailytimes.com.pk

Labels: ,



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

Labels: ,



Friday, 8 February 2008
 

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

Labels: ,



 

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

Labels: ,



 

BHP Billiton makes final offer for Rio Tinto


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: ,



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

Labels: , ,



 

UPDATE 2-Steel firm SSAB Q4 undershoots, upbeat on market


Costs for its key input, scrap metal, as well as coal and iron ore over the full year were higher than in 2006. SSAB said costs for scrap were so far higher ...
reuters.com

Labels: ,



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

Labels: ,



 

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

Labels: ,



 

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

Labels: ,



 

Efforts to dispose of aging 'ghost ships' could be slowed


But it is not yet clear whether the agency will need as much money for disposal work as it did in previous years because of the rising price for scrap steel ...
dailypress.com

Labels: ,



 

Local tech may revolutionise SA steel sector


... and the current high price of scrap [iron], supply of alternative iron units is critical if we are to grow a competitive steel industry in South Africa. ...
buanews.gov.za

Labels: ,



 

Local tech may revolutionise SA steel sector


... and the current high price of scrap [iron], supply of alternative iron units is critical if we are to grow a competitive steel industry in South Africa. ...
buanews.gov.za

Labels: ,



 

Orissa villagers pay the price for industrial growth


The global demand for steel has shot off the chart. But the supply of iron scrap - the basic input - is choked. Therefore, sponge iron - the alternative ...
timesofindia.indiatimes.com

Labels: ,



Tuesday, 5 February 2008
 

Steel Min upset with arbitrary steel price hikes


Among other things, it is asking for duties on raw materials, scrap metals and iron ore to be cut. Sarma said, "We have asked for removal of customs duty on ...
moneycontrol.com

Labels: ,



 

Steel Min upset with arbitrary steel price hikes


Among other things, it is asking for duties on raw materials, scrap metals and iron ore to be cut. Sarma said, "We have asked for removal of customs duty on ...
news.moneycontrol.com

Labels: ,



 

SGL Shares Climb on Speculation About Steel Industry Outlook


... raised their target price for Salzgitter shares to 189 euros from 150 euros. SGL produces carbon-graphite electrodes used to make steel from scrap metal.
bloomberg.com

Labels: , ,



 

IEA slaps OPEC decision to leave output unchanged


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: ,



Monday, 4 February 2008
 

Centre seeks ways to halt rising steel prices


The Steel Ministry has also written to the Finance Ministry, seeking removal of duty on coke and scrap iron. The Government currently levies a duty of 5 per ...
thehindubusinessline.com

Labels: ,



 

Industry bodies up against rising prices of steel


... steel makers to raise prices. To offset rising input costs, Paswan said he has proposed to the finance ministry that import duties on met coke and scrap ...
economictimes.indiatimes.com

Labels: ,



 

Meet Shear


"Because scrap steel is one of the few true commodities, it can be shipped anywhere in the world," Boylan said. "There's no shelf life like there is for ...
gillettenewsrecord.com

Labels: ,



 

Wall Street sees huge 22.5% steel sheet price hikes in 2008


Includes market alerts for scrap steel, iron ore, copper, steel wire rod, NAND Flash chips, DSPs, and ocean-freight rates....
purchasing.com

Labels: ,



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

Labels: ,



 

Steel companies hike prices on rising raw material costs


According to industry experts, the prices of iron ore scrap and coking coal have increased by around 45% and 165% in the last few months and the Companies ...
financialexpress.com

Labels: ,



Saturday, 2 February 2008
 

Steel price keep rising, boosted by higher scrap costs


... the domestic steel industry was experiencing at "structural supply shortage" that was not being filled by imports and they also expect that "scrap costs ...
purchasing.com

Labels: ,



 

Mittal mines a Russian mystery


Michael Kavanagh, steel analyst for UralSib Bank, said there is no doubt Severstal has received a good price for the Siberian loss-makers, whose costs of ...
atimes.com

Labels:






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

© Southern Cross Metal Recyclers 2002 - 2006.