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Steel scrap imports at a standstill due to stringent norms

Steel scrap import has stopped with the revised guidelines in the latest Foreign Trade Policy, which mandate photography of every step of scrap uploading in containers at the origin. This is likely to hit about 10 million tonnes of India’s ...

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Borsa Istanbul to introduce steel scrap futures contract on April 2

Borsa Istanbul Derivatives Market (VIOP) is introducing a new Turkish steel scrap futures contract on April 2, 2015. With this contract, VIOP offers an effective risk management tool for the Turkish steel industry participants in dealing with the increasing volatility ...

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Shredded Steel Scrap Jumps Sharply at Year’s End

US mill buyers have tried to get ahead of a stronger market in mid-December and have been active buyers in the last week. This drove shredded scrap up. The catalyst was the bottom of the international market and the return ...

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Brazilian November scrap export price fall 20% year on year: trade group

Brazilian iron and steel scrap export prices in November fell to the lowest level of the year and were 20% below those seen in the same month of 2013, the country’s National Institute of Ferrous Scrap said Wednesday. Inesfa did ...

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US exports of recovered paper and aluminum scrap dropped during Sep ‘14

According to latest trade statistics, the exports of recovered paper andaluminum scrap by the US declined during the initial nine-month period of the year. Also, exports of ferrous scrap declined during the period. However, the scrap plastic exports during the three ...

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India needs more imported Steel Scrap in November

Indian ferrous scrap import prices declined steadily over the course of the month in October with domestic steel demand and pricing on the wane.  According to TSI, monthly average for containerized Indian imports of shredded material fell by $28.05 a ...

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Chinese ferrous scrap industry keenly awaits reintroduction of VAT rebate

The Chinese ferrous scrap processors are reported to be eagerly awaiting a positive signal from the authorities to reinstate the Value Added Tax (VAT) rebate on scrap sales, although majority of them are still not hopeful of a favorable action. ...

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China Scrap group calls for rebate on 17% tax on steel scrap sales

The China Association of Metal Scrap Utilization (CAMU) has urged the Chinese National Development and Reform Commission (NDRC) to lower the tax rate on steel scrap sales. Beijing had cancelled the 70% rebate on 17% VAT for steel scrap recyclers ...

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US Ferrous scrap exports plunged 23.5% during H1 2014

The ferrous scrap exports from the US declined sharply during the initial six months of the year. The aluminum scrap exports too declined sharply during the period. However, plastic scrap exports rebounded from the lows witnessed during imposition of Green Fence regulations ...

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