December 2023

The world battery recycling market is booming, pushed by excessive demand for key battery supplies. Recycling ensures safety of provide, notably for international locations that don’t have home manufacturing and has higher ESG credentials than major provide from mined metals. There has additionally been an increase in world recycling rules that are mandating the extent […]

Pig iron costs rose month over month (MoM) for all main areas, pushed by rising scrap costs. Provide has tightened in Brazil, extending lead instances for US patrons. Moreover, greater home consumption within the CIS has restricted availability in Western Europe. Within the CIS, pig iron costs elevated $48 per metric ton (t) MoM to

The unfold between hot-rolled coil (HRC) and prime scrap costs widened barely this month, in accordance with SMU’s most up-to-date pricing information. SMU’s common HRC worth elevated this week, whereas the common worth for busheling scrap jumped in December month over month. Our common HRC worth was $1,040 per ton as of Dec. 12, up $20

The tip of the yr has introduced a rise in scrap plastic costs, with PET, pure HDPE and coloration HDPE rising by 10%, 9% and 15%, respectively.  The nationwide common for post-consumer PET beverage bottles and jars is now 11.02 cents per pound. That’s up from 10 cents per pound this time final month. Some

Christmas is unquestionably on the forefront of minds in the marketplace now with simply two weeks of buying and selling left earlier than the massive day. Even so, there’s an expectation that issues will quieten off greater than they’ve already because it will get nearer. Buying and selling was usually sluggish this week with even

By Eric Onstad LONDON, Dec 5 (Reuters) – Indian businessman Prateek Gupta requested a London choose on Tuesday to raise a freezing order on his private and enterprise belongings as a result of he stated commodity dealer Trafigura did not disclose full data when it demanded the freeze. Geneva-based Trafigura filed a lawsuit towards

A big Detroit-area scrap purchaser entered the market on Wednesday providing to pay considerably larger costs than a month earlier. The corporate supplied busheling and shredded scrap up $50 per gross ton from November. Plate and structural have been supplied up $30 per gross ton from final month. Recall that Detroit settled larger in November.

Metal Dynamics, Inc. with ticker code (STLD) have now 8 market analysts masking the inventory. The analyst consensus now factors to a score of ‘maintain’. The goal worth Excessive/Low ranges between $130.00 and $73.00 suggesting a mean Analsyt goal worth of $110.63. Now with the earlier closing worth of $119.75 this is able to indicate

Nucor Company which will be discovered utilizing ticker (NUE) have now 8 analysts in whole overlaying the inventory. The consensus score is pointing to ‘purchase’. The vary between the excessive goal value and low goal value is between $190.00 and $39.00 calculating the typical goal value we see $158.75. Now with the earlier closing value

DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ — A close to 100 per cent recycling goal by 2050 for the world’s aluminium drinks cans has been set by trade leaders at COP 28. Aluminium producers, recyclers, rolling mills, can makers and trade associations have set the goal having confused the necessity for enhanced recycling to help the