Metal News
Updated 02:36:14 UST, 23 May 2013
Closure of Indian copper smelters push prices up, lift imports
NEW DELHI (Scrap Monster) : The shutdown of two major Indian smelters which account for nearly 90% of the country’s copper output is reported to have led to intense shortage of the metal, which in turn has spiked up the prices and boosted metal imports.
The country’s largest copper smelter owned by Sterlite Industries at Tuticorin was closed on March…
Scrap exports from Russia reports monthly uptick of 14.1%
The recent data published by the Russian Federal State Statistical Services indicates that the scrap exports of the country surged during the month of March in comparison with the previous month
North American copper scrap prices take a minor beating
The North American copper scrap mostly have shown a trifling daily drop in prices as on May 21st Tuesday
Chinese Aluminum output to remain surplus amid production cuts
The Chinese Aluminum supply is to remain at surplus levels until 2018, says the market research group CRU
Chinese scrap imports from the US see significant fall during March
According to the latest data released by Chinese customs, the scrap imports of the country during the month of March have recorded significant drop both year-on-year and month-on-month basis
North American copper scrap prices dip marginally
The North American copper scrap mostly have shown a marginal daily dip in prices as on May 14th Tuesday
Primary aluminum consumption rose 6% during Q1 2013
The global aluminum producer Rusal said Thursday that the global primary aluminum consumption rose by 6% during the first quarter of the year
Chalco's 8.18 billion yuan aluminum assets sale unveils industry dilemma
The country's biggest aluminum producer-Chalco intends to sell its stake in several aluminum processing units, mainly to its parent company-Chinalco
Supply shortage and boosted autocatalyst demand pushes palladium market to deficit in 2012
The global palladium market was pushed to a deficit of 1.07million oz during the year 2012
Copper and most other base metals close higher on LME
The base metals mostly closed higher Monday on the London Metal Exchange (LME)
Ferrous Scrap Prices Decline in May
U.S. steel mills have reported a price drop on ferrous scrap of $20 per gross ton starting the month of May.
India imposes import duty on scrap metal imports amid rife protests
The Indian government has imposed new import duties on melting and stainless steel scraps amid strong opposition from within the industry
Chinese copper industry to be plagued by acute scrap shortage
The Chinese refined copper output is likely to remain subdued owing to acute unforeseen shortage of copper scrap
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Scrap Industry Events
19th International Iron Ore Symposium
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2nd Copper Recycling Conference
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North American Scrap Prices
Scrap Name
Price
High/Low
- 6063 Extrusions
- 0.81
- 0
- 6061 Extrusions
- 0.80
- 0
- #1 Copper Bare Br..
- 3.08
- -0.15
- # 1 Copper Wire a..
- 2.96
- -0.17
- # 2 Copper Wire a..
- 2.78
- -0.16
- Yellow Brass
- 2.11
- -0.07
- Scrap Electric Mo..
- 0.40
- +0.01
- Old Sheet
- 0.68
- -0.02
- Al/Cu Radiators
- 1.63
- -0.01
- Old Cast
- 0.71
- -0.01
- Alternator
- 0.64
- 0
- Zorba 90% NF
- 0.71
- 0
- 304 SS Solid
- 0.67
- +0.01
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