Scrap News

  • China’s $586-B plan, Will it be a boon for the steel industry?

    by c.g.nadar - November 10, 2008 13815 Views

    BEIJING —  The Chinese Govt. have  announced a $586- billion stimulus package on November -9  to protect the financial system and to minimize the impact of the Global credit crunch.A Read more

    Posted in : Metal
  • Is the Economic Slowdown Good for Metal Scrap Industry?

    by Scrapking - November 09, 2008 10676 Views

    With almost everyone worried and almost every industry hit worse by the economic slowdown, scrap industry is still on the fast paced growth track. To find the reason behind this, we decided to team Read more

    Posted in : General
  • Ship Breaking Industry - In Coma

    by c.g.nadar - November 06, 2008 32849 Views

    It had been the worst affected industry by the Global economic slowdown and declining demand for steel. Asian countries like India Bangladesh were thriving with ship breaking and related business for Read more

    Posted in : Metal
  • Where is the scrap metal market headed to?

    by c.g.nadar - November 05, 2008 11080 Views

    One would have never expected the current market price to fall to $ 280-330 range in the begining of 2008. Heavy demand for steel had skyrocketed the rates of scrap metal in 2007. It had almost Read more

    Posted in :
  • Amended Procedures for Import of precious metal Scrap to India

    by Scrapking - November 05, 2008 11091 Views

    Division 4A.34- regarding the import of precious Metal Scrap to India was amended earlier this year. The Amended EXIM procedure states that: “Imported precious metal scrap / used jewelry shall be Read more

    Posted in : General
  • Foreign Scrap Trade Barriers

    by Scrapking - November 04, 2008 9216 Views

    A new, updated list of foreign trade barriers to steel scrap was compiled by the American scrap trade coalition. They called the updated list as the removal of trade barriers.  The Coalition Read more

    Posted in : General
  • Recycling Scrap Tires

    by Scrapking - November 03, 2008 6451 Views

    Starting to produce rubber powder a year ago from recycled scrap tires (great sources of rubber scrap), the company believes that this will be a great scope in the recycling Industry. This process Read more

    Posted in : Rubber
  • Gold- The Safe Storage in this Declining Economy?

    by Scrapking - November 03, 2008 7358 Views

    South Africa is one of the world's major exporters of gold, platinum, coal, diamonds, aluminium, iron and steel. South Africa’s Global export revenue is hit by the economy slowdown and the resulting Read more

    Posted in : General