June 30th 2015
The statement released by the Chinese Ministry of Finance and the State Taxation Administration indicates that selected scrap processors in the country will receive 30% rebate on VAT for processing ferrous scrap effective July 1st.
June 29th 2015
Japanese Tokyo Steel has decided to lower the scrap purchasing prices at all its works effective June 27th, 2015. The reduction in scrap buying prices comes after two rounds of hikes during the month.
June 26th 2015
Ferrous scrap imports by Malaysia dropped considerably during the initial three-month period in 2015. While imports from the USA dropped, those from Australia and Malaysia rose significantly. The three nations together accounted for bulk of the Malaysian scrap imports during this period.