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Scrap & Secondary News

Indian steel scrap policy to be unveiled soon

Indian government will unveil the much-awaited steel scrap policy in a week to make the sector cost-effective, boost domestic production and reduce dependence on imports. The Union Cabinet is scheduled to consider the steel scrap policy later next week. The ...

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China’s steel scrap use to increases further as EAF output expands

China’s overall steel scrap use is rising on demand from new electric arc furnaces, even as its blast furnace-based mills reduce scrap ratios to preserve profit margins. China Association of Metal Scrap Utilization said that China’s scrap use is expected ...

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Steel scrap moves up $10-$20/lt in early US October trading

Prime scrap moved up $20/lt and obsolete scrap moved up $10/lt in early trading around Detroit on Wednesday, while a bid/offer gap between steel mills and their ferrous scrap suppliers kept things at a standstill in most other regions. Aggressive ...

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Turkey’s scrap metals in hot oven

Turkish scrap market probably saw the writings on the wall when the US announced to double the tariffs on imports of Turkish steel from 25% to 50%. The aftermath of the political driven tariffs saw Turkey’s currency, the Lira on ...

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China’s metal recyclers rush to divert or sell U.S. cargoes as tariffs loom

Chinese copper fabricators and importers are scrambling to divert or resell cargoes of U.S. copper scrap en route to China after Beijing hit such imports with a 25-percent duty as the trade row with Washington deepens, sources said. U.S. scrap ...

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Chinese customs bust steel scrap smuggling ring

Police in south China’s Guangxi Zhuang Autonomous Region arrested 19 suspects for illegally selling more than 48,200 tonnes of steel scrap to Vietnam, local customs said Thursday. The gang, led by a suspect surnamed Gao, used fake contracts and receipts ...

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EU steel scrap exports surged 15% during initial six months of 2016

The recently released half-yearly export data indicates that the EU steel scrap exports rose by over 15% during the initial six-month period of 2016. The exports totaled 1.271 million tons during the month of June alone. The EU region’s scrap ...

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Japan stainless steel scrap imports hit 2016 peak

According to latest statistics released by the Japanese Ministry of Finance (MoF), the country’s stainless steel scrap imports have touched the highest levels so far this year during the month of June. The monthly imports witnessed sharp rise over the ...

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MOF: Japan’s Stainless Steel Scrap Imports Hits 2016 Peak

According to latest statistics released by the Japanese Ministry of Finance (MoF), the country’s stainless steel scrap imports have touched the highest levels so far this year during the month of June. The monthly imports witnessed sharp rise over the ...

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US steel scrap exports hit 18-month high in May 2016

The trade statistics released by the US Department of Commerce (DOC) indicates that the country’s scrap exports climbed higher during the month of May this year. The US steel scrap exports during the month totaled 1.317 million tons. This is ...

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