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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Aluminum Association updates on aluminium trade in North America in June
According to an Aluminum Association report, aluminum imports of ingot, scrap and mill products into the U.S. and Canada (excluding cross-border trade) totaled 505 million pounds in June 2015, down 3.6 percent from the June 2014 total of 524 million pounds. Including scrap, which accounted for...
ISRI’s Pickard named to the Industry Trade Advisory Committee on Nonferrous Metals
The Institute of Scrap Recycling Industries (ISRI) today announced that Chief Economist and Director of Commodities Joe Pickard was selected to serve on the Industry Trade Advisory Committee on Building Materials, Construction, and Nonferrous Metals (ITAC-9). Joe will serve as the representative of...
Chinese aluminum scrap prices declined on SMPI on 31st July
The Chinese aluminum scrap prices declined marginally on the Scrap Monster Price Index on July 31st, Friday. 6063 Extrusions witnessed a price decline of CNY 150 per MT over the previous day. Aluminum Ingots and Transformers prices declined by CNY 150 per MT and CNY 100 per MT respectively. E.C...
Rising imports seizing market share of Indian aluminium producers
Despite steady growth in demand in the domestic market, India's aluminium producers are spending sleepless nights, the reason being rising imports eating into their market shares. The demand for the white metal has been growing steadily at a CAGR of 6 per cent since 2010-2011, driven by increased...
North American Aluminum scrap prices edged higher
The North American Aluminum scrap prices ended marginally higher on ScrapMonster Price Index as on July 30th, 2015. 1100 Scrap prices moved higher by $0.01 per Lb. The prices of 3003 Scrap too increased $0.01 per Lb. 356 Aluminum Wheels prices held steady over the day. Meantime, 5052 Scrap and 6061...
North American aluminum scrap prices declined
The North American Aluminum scrap prices declined on ScrapMonster Price Index as on Tuesday. 1100 Scrap prices declined by $0.01 per Lb. The prices of 3003 Scrap too fell $0.01 per Lb. A down move of $0.01 per Lb was witnessed in 356 Aluminum Wheels, 6061 Extrusions, 6063 Extrusions and 6063...
Aluminium firms seek increase in import duty
Forced to operate their plants at nearly half the capacity due to burgeoning imports from China, aluminium companies on Thursday urged the government to raise import duty on aluminium metal scrap and the metal itself to 10% from 2.5% and 5%, respectively. In a presentation to the mines ministry,...
US Shredded Scrap prices plummet to $266 a long ton; Aluminum scrap prices stay stable
United States shredded scrap prices plummeted in the week ended July 10, while US aluminum scrap prices on Scrap Register Price Index stayed stable. According to TSI, US Midwest shredded index fell $16 a long ton to $266 a long ton (delivered mill) the week. As was reported in “buy-week” last...
India becomes the largest importer of aluminium scrap from Middle East
Nasser Aboura, chairman of U.A.E.-based Aboura Metals, said the nonferrous scrap sector in the Middle East and North Africa region has grown along with the oil and construction industries that have characterized the region in the past several decades. The region has exported considerable amounts of...
BIR welcomes India’s latest scrap metals import provision
The Brussels-based Bureau of International Recycling (BIR) has issued a statement applauding the latest provisions issued by India’s Directorate General of Foreign Trade (DGFT) with regard to self-certification of imported, processed metallic scrap. The BIR, along with national trade associations...
Non-Ferrous Minerals and Metals Conference projects positive outlook for India despite bearish market situation
The International Conference on Non-Ferrous Minerals and Metals; organized by Corporate Monitor, which has earned its reputation as a forum for the domestic and international Non-Ferrous industry players as well as industry experts, just concluded its 19th session on July 10, 2015 in Bhubaneswar....
Industry demands import duty hike on aluminium metal, scrap
To protect the interest of homegrown companies from rising imports of aluminium metal and its scrap, the aluminium industry has demanded that the Centre increase import duty on these products. As per statistics of Aluminium Association of India, Indian Aluminium Industry has seen a huge surge in...
Recycling key to sustain Non-Ferrous sector
Non-ferrous metals and minerals sector is facing a grim situation due to falling of stocks in China and economy meltdown in Greece. Amidst this scenario, the domestic market in India has turned fiercely competitive, Chairman and Managing Director, NALCO, NR Mohanty said. Addressing the 19th...
ISRI releases updates to the scrap specifications circular
The Institute of Scrap Recycling Industries (ISRI) recently announced new specifications have been published in the Scrap Specifications Circular 2015. There are three amendments, as well as two additions and one deleted specification that have been approved by the ISRI Board of Directors. “Our...
Garmco and Fives to launch re-melt expansion project
GARMCO, the Bahrain-based international aluminum rolling mill and one of the largest downstream aluminum facilities in the Middle East, today announced the signing of a letter of intent with Fives, an industrial engineering group and supplier of machines, process equipment and production lines for...
Falls in LME Aluminum, Copper put pressure on Middle East scrap prices
Falls in LME aluminum and copper put pressure on Middle East scrap prices during the holy month of Ramadan which began on June 18 and generally brings a slower period for business. According to Bureau of International Recycling, activity levels are also lower in South Africa where raw material...
North American Aluminum scrap prices declined on Index, 30th Jun, 2015
The North American Aluminum scrap prices declined on ScrapMonster Price Index as on June 30th, Tuesday. 1100 Scrap prices declined by $0.01 per Lb. The prices of 3003 Scrap too fell $0.01 per Lb. A down move of $0.01 per Lb was witnessed in 356 Aluminum Wheels, 5052 Scrap, 6061 Extrusions, 6063...
BIR requests transition-period extension to India’s preshipment inspection certifications
The Bureau of International Recycling (BIR), Brussels, has requested a four-month extension to the transition period regarding preshipment inspection certification (PSIC) as required by India’s Ministry of Commerce and Industry. In collaboration with the Metals Recycling Association of India (MRIA)...
