Scrap & Secondary

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...