February 2024

The Estonian Ministry of Local weather has despatched ahead a plan for coordination, which might allow autos in unknown areas or which should be scrapped to be exempt from the soon-to-be-introduced automobile tax. Nonetheless, the plan may result in an increase in automobile costs sooner or later. There are at the moment virtually 200,000 unknown, […]

The Mid-American ISRI Chapter held its annual assembly in St. Louis this month. Over time, this occasion has change into a “should attend” for the scrap group nationwide. In accordance with a number of attendees whom SMU spoke with after the assembly, there was uncertainty about the place the ferrous scrap market was heading. There

One thing had gone incorrect with the enormous radio tower. Will Payne, of Payne Media Group, obtained an alert from his utility firm in the midst of the evening telling him as a lot. However it wasn’t till he obtained to the positioning round 5am, in subzero temperatures, that he realized what had occurred. The

The world battery recycling market is booming, pushed by excessive demand for key battery supplies. Recycling ensures safety of provide, notably for nations 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 of

The scrap export market has demonstrated resiliency to date this 12 months from the US East Coast. This power has primarily come from the Turkish market. Regardless of weakening orders for rebar of their home market, imported scrap costs have held up till the final a number of days. The US West Coast just isn’t

Westpac with the note. Since our last commodities update in mid–December, there has been a broad weakening of commodity prices but, as always, not all commodities performed in the same way. Our broadest commodities index (Westpac Exports Price Index) is down close to 5% over the last two months with thermal coal leading the way,

The unfold between hot-rolled coil (HRC) and prime scrap costs narrowed additional this month, in response to SMU’s most up-to-date pricing knowledge. SMU’s common HRC value dropped this week, whereas the common value for busheling scrap additionally slumped from January. Our common HRC value stands at $940 per brief ton (st) as of Feb. 13, off

US busheling scrap costs fell this month, whereas HMS and shredded grades remained largely unchanged, sources inform SMU. “The February market confirmed slight weak spot however nothing too drastic,” one scrap supply mentioned. He mentioned that waiting for March, “the scrap market ought to present some seasonal downward strain on account of improved climate, which

The adjustment comes after a 30-day session interval, which was launched following suggestions that Fastmarkets’ assessments of those costs had been not in keeping with precise market transaction values. The unique discover, printed on January 11, might be discovered right here. Fastmarkets’ chrome steel scrap 430 bundles, solids, shopper shopping for worth, delivered mill Pittsburgh was

The marketplace for February scrap shipments has largely been settled. The costs for scrap throughout the nation went down very modestly. The value tags on #1 Busheling and bundles went down $10 per gross ton (gt) in most districts. The exceptions had been Chicago and Detroit, which fell $30/gt, to $480 and $475, respectively. It