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Neometals eyes battery recycling JV with Germany's SMS

17 October 2019 - 17:45
Australian metals developer Neometals has signed an initial binding agreement with Germany's SMS group to jointly fund and evaluate the next stage of development work on its proprietary lithium-ion battery recycling technology.

Likely EU carbon border tax may skew market: Worldsteel

16 October 2019 - 18:44
A carbon border adjustment tax is likely to happen in the EU, but it could skew the playing field rather than level it, director general of the World Steel Association (Worldsteel) Edwin Basson told Argus on the sidelines of the association's general assembly in Monterrey, Mexico.

China to reclassify high-purity scrap metal

11 October 2019 - 19:06
The Chinese government plans to overhaul the categorisation of high-purity scrap metal as raw material as part of its strategy to accelerate the development of its domestic recycling industry.

Vitasoy launches a pilot scheme to recycle paper, polythene and aluminium of Tetra Pak cartons

11 October 2019 - 18:48
Hong Kong-based drinks giant Vitasoy has reportedly launched a pilot scheme on Tuesday, October 8, to recycle Tetra Pak cartons that need specialist recycling for having aluminium, polythene and paper layers. The pilot scheme includes recycling bins, workshops, and a mobile education centre, in partnership with Secure Information Disposal Services (SSID), which operates a waste management plant in the city’s Yuen Long district.

US mills work toward closing auto Al scrap loop

10 October 2019 - 19:28
As US scrap dealers struggle to adjust to a rising influx of hard-to-sort, potentially valuable aluminum automotive scrap, rolling mills making body sheet say closed loop recycling is moving forward.

ISRI Commodities Roundtable Forum highlights oversupply in aluminium scrap and primary aluminium market

5 October 2019 - 14:52
The oversupplied primary aluminium and aluminium scrap market was the topic of discussion among the speakers at the 2019 Commodities Roundtable Forum, hosted by the Institute of Scrap Recycling Industries (ISRI) on Sept. 11-13 in Chicago.

Bangladesh: Fall in Bids Put Imported Scrap Offers Under Pressure

3 October 2019 - 18:51
Imported scrap offers to Bangladesh continued to move down for another week, as persistent lower buying bids from most major steel-mills over the week helped in pulling down the prices further, SteelMint learnt from industry participants. Trades have remained slow in comparison to last week, with many buyers waiting for further stability in the market, however, buying is likely to pick up in the next few days at favourable prices.

SE Asia Billet Import Prices Fall Amid Slide in Offers from CIS Nations

3 October 2019 - 18:48
This was the consecutive week when SE Asia billet import market was reported sluggish with offers dropping sharply. The billet import offers in the region were assessed at USD 385-390/MT, CFR down, USD 15-20/MT against last week. The falling Turkey's import scrap prices have managed to keep the market sentiments weak in the region.

Imported Scrap Trade Activities in India Improve as Offers Fall

3 October 2019 - 14:30
In conversation with industry participants, SteelMint learned that imported scrap market trades to India witnessed a slight rise, while offers fell amid declining global prices. Some improvement was witnessed in finished steel sales, keeping the market hopeful for the coming weeks.

Global Billet Market Overview, Week 39

28 September 2019 - 19:53
This week, global billet market reported trade active as China resumed billet imports due to on production cuts in the country. However, Turkey's imported scrap remained heftier market sentiments. Turkish imported scrap prices have fallen again after a couple of fresh deep-sea cargo bookings were signed at prices lower by a further USD 5-6/MT, SteelMint learned from market participants. After remaining firm for over a week, the recent decline has ensured that prices have now plunged by over USD 70/MT in the last 2 months.
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