Metal Recycling News
An update at 11:00 GMT on Saturday said six crews remained on site and people working and living nearby should keep windows and doors closed as a precaution.
Also in attendance were members of the Edo Arewa Scrap and Waste Dealers Association, highlighting broad participation from the state’s scrap and waste sector.
The move targets illicit trade, money laundering, and black-economy financing.
Lightweighting for fuel efficiency and electric vehicles drives recycled aluminum use in components.
In the export market, analysts point to an oversupply of billets and slabs from China as having poured into rolling mills in Turkey and India throughout 2025.
By 2:12 p.m., the fire was under control and no injuries were reported.
The associations warn against the misuse of export restrictions as a simple answer to the problems of individual industries.
The company is to appear in court on Jan. 7, 2026.
In North America, mills are reducing inventories ahead of year-end, and 2026 supply negotiations are progressing slowly.
The group argues that strengthening domestic capacity is essential for long-term industrial resilience and sustainable growth.
The Trend Indicator consensus stood at 65%, matching the long-term average and implying standard levels of disagreement in the market outlook.
Consulting firm Alvarez & Marsal has stepped in to assist with next steps.
BIR urged that the new trade measure should be evidence-based, proportionate, balanced and globally coherent.
The resumption of trading in 2025 took place against the backdrop of a deterioration in the financial condition of UZ.
In a worst-case scenario, BMRA fears loss of around 2,000 jobs within metals recycling and supporting industries.
The country’s use of scrap will climb even higher once two new rolling facilities — which shape aluminum into plates, sheets, and coils — ramp up production.
The company, which already maintains offices in Mission, expects to break ground on its South Mission facility in January next year.
These environmental considerations provide policy justification beyond traditional economic protectionism arguments.
The EU executive began monitoring exports in July and said it would assess whether action was necessary.
By recycling process, shredding has emerged as the high-growth sub-segment, with an anticipated CAGR of approximately 6.4%.
Matt’s appointment is further to Miguel Alvarez’s transition from metals recycling division to lead the company’s aluminum flat rolled products platform.
The cost of imports amounted to $616.98 million, which is 4.3% more y/y and 22.4% m/m.
Consensus around the November forecast is notably high at 68%, well above the long-term average of 61%, reflecting broad convergence in market views.
The proposal drew support from a broad coalition of cities, labor unions, utilities, and telecommunications groups.
Murat Bayram, Managing Director, European Metals Recycling noted that European steel industry needs support, but not with tariffs.