EGA expands European aluminium recycling footprint with 80% Eco Green acquisition
Emirates Global Aluminium has completed its acquisition of an 80 per cent stake in Italy's Eco Green, strengthening its aluminium scrap collection, sorting and recycling network across Europe. Emirates Global Aluminium (EGA) is expanding its aluminium recycling business in Europe with the completed...
EU plans aluminium scrap export ban on non-OECD countries; China, India in focus
The European Union (EU) is preparing a broader restriction on aluminium scrap exports to non-Organisation for Economic Co-operation and Development (OECD) countries, replacing an earlier trade proposal that would have covered only part of the bloc’s scrap flows. The move could largely impact...
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India parliamentary committee pitches for raising import duty on cheap aluminium scrap
In a bid to protect domestic firms, a Parliamentary Committee has suggested the government to raise import duty on aluminium and raised "serious concern" on "adverse impact" of cheaper imports on the profitability of state-run Nalco . The Committee on Public Enterprises, chaired by Shanta Kumar,...
Aluminium demand recorded 1% rise in the US, Canada in 2015
The preliminary statistics released by the Aluminium Association indicates marginal rise in aluminium demand in the US, Canada during 2015. The producer inventories in Dec ’15 were up slightly when matched with the previous month. Also, aluminium scrap purchases by the industry during Dec ’15...
India aluminium scrap prices remain stable; Norsk Hydro forecasts weaken aluminium futures
India major aluminium scrap commodities prices remained stable on Tuesday, February 23, while aluminium futures prices at Multi Commodity Exchange weakened after Norsk Hydro cuts aluminium demand growth forecasts. The major aluminium scrap commodities stayed stable on Scrap Register Price Index as...
Chinese aluminium scrap prices rise on Index
The Chinese aluminium scrap prices increased marginally on the Scrap Monster Price Index on February 19th, Friday. 6063 Extrusions witnessed a rise of CNY 50 per MT over the previous day. Aluminium radiators and transformers prices increased by CNY 50 per MT each. E.C aluminium wire prices jumped...
India major aluminium scrap and futures prices soar on improved market sentiment
India major aluminium scrap commodities prices soared on Monday, while aluminium futures prices at Multi Commodity Exchange advanced by 1.2 per cent mainly on improved market sentiment due to anticipation for a turnaround in aluminium consumption after the week-long holiday. The major aluminium...
US shredded scrap prices drop; US aluminium Scrap prices show flat trend
United States shredded scrap prices dropped during the week ended February 12, while major US aluminium scrap commodities weekly average prices on Scrap Register Price Index showed an almost flat trend. According to TSI, US Midwest weekly shredded index fell by $3 a long ton during the week to $182...
India aluminium scrap prices remain flat; MCX aluminium settles slightly up
India major aluminium scrap commodities prices remained flat on Friday last week, while aluminium futures prices at Multi Commodity Exchange (MCX) settled slightly higher boosted by the expectations of dovish comments from a senior U.S. Federal Reserve official but gains were limited by the...
ISRI invites application for its 2016 Circle of Safety Excellence
The Institute of Scrap Recycling Industries (ISRI), the Voice of the Recycling Industry, which includes the growing aluminium recycling industry as well, has announced that the 2016 application period for the Circle of Safety ExcellenceTM is currently open. The Circle of Safety Excellence, a...
BIR Non-Ferrous World Mirror February 2016
Changes have been mooted for AQSIQ licences covering imports of scrap into China, including most notably a proposal for licence validity to be extended from three to five years. And with regard to licence extensions, it has been proposed that any two or more changes involving address, legal person...
India's major aluminium scrap prices up; MCX aluminium settles higher
Major aluminium scrap commodities prices in India advanced on Thursday, February 4, while aluminium futures prices at Multi Commodity Exchange settled higher as a steep fall in the dollar eclipsed tepid demand in China, forcing shorts to cover ahead of the week long Lunar new year break. The major...
Better sorting means better recycling- Hydro
Perfect recycling management means the complete recycling of a product at the end of its use phase, with the creation of a new product from the individual components. In order to turn this vision into reality, it is necessary to separate products as finely as possible into their single components....
US purchased 758 million pounds of aluminum scrap during November 2015: USGS
According to aluminum recycling statistics published by the U.S. Geological Survey, Department of Interior; the U.S. aluminum industry purchased an estimated 758 million pounds of aluminum scrap during November 2015. This is a 1.1 percent down from the November 2014 total of 766 million. USGS...
US shredded scrap prices stay flat; aluminium scrap prices show down trend
United States shredded scrap prices stayed flat during the week ended January 22, while major US aluminium scrap commodities weekly average prices on Scrap Register Price Index showed negative trend. According to TSI, US Midwest weekly shredded index remained flat during the week at $189 a long ton...
Institute of Scrap Recycling Industries passes right to reuse policy
At its Winter Board of Directors Meeting, the Institute of Scrap Recycling Industries (ISRI), the Voice of the Recycling Industry™, formally adopted a policy in support of recyclers’ ability to reuse products, and the benefits of reusing. "More and more traditional recycling companies are...
China’s scrap aluminium imports declined while exports inched higher in December
China imported 167,191 mt of scrap aluminium in December 2015 and 2,086,952 mt of the same commodity during the twelve months period ending 31st December, 2015, according to the data published by the country’s General Administration of Customs in their recently published Exim report. The monthly...
India aluminium scrap prices remain flat
India major aluminium scrap commodities prices remained flat on Friday, last week, while aluminium futures prices at India's Multi Commodity Exchange settled slightly lower, tracking weakness in other base metals counters as market is witnessing under long liquidation. The major aluminium scrap...
India aluminium scrap prices gain; MCX aluminium settles lower
India major aluminium scrap commodities prices gained on Wednesday, while aluminium futures prices at India's Multi Commodity Exchange settled lower as pressure seen after Citi cut its 2016 aluminium forecast to $1,435 a ton. It expects Chinese aluminium product exports will continue to weigh on...
Indian metal recycling industry seeks removal of duties
The metal recycling industry of India has urged the government for exemption on Special Additional Duty (SAD) and removal of basic import duty on inbound shipments of ferrous and non-ferrous scrap to give a boost to the sector. The industry recycles aluminium among other metals mainly from...
