The demand for sponge iron rose when due to the increasing trend of scrap prices and when there was scarcity of quality scrap for steel production. The first DRI (Direct Reduced Iron) plant was Read more
Copper prices chop to a two week lows on Wednesday owing by a slender rebound in the dollar against the euro along with investors worries about lack of physical demand ahead of China's Lunar Read more
Most of the base metals rose at the non-ferrous metal market yesterday bolstered by news that Barack Obama has won a second term as president of the US. Bullish London Metal Exchange Read more
A well-known topic about the furious action of Sandy that shattered US, it is now time to guesstimate the number of vehicle scrap that would be generated in response to this misfortune that ensued Read more
Sandy –embellished as super storm set US and Canada upside down last week evacuating some areas. So what has this got to do with the scrap industry? Yes! Sandy has played key role in the US Read more
Sentiments in the ferrous scrap market concerning the rise of scrap price in November made US steel maker to hike the prices of steel flat products by US$44 recently. Based on the announcement on Read more
Sentiments in the base metals remain weak as tracking a weak global tend and it has pulled down the prices for selected base metals. Sustained selling by stockiest also make base metals fell in the Read more
China, the world’s biggest steel maker and steel consumer is about to start its restocking demand as destocking found this year is nearing an end. In addition, China planned to use more Read more
Overall, Scrap prices in US continue to fall during September and October owing to replenish by mills a head of winters. Suppliers look to supply more materials in advance of winter as scrap demand Read more
Pilfers in and around Chattanooga – one of the largest states of US steal the cars parked on highways, inter-states and the most repulsive is that even the cars parked in front of yards Read more
During the recent months of the year 2012, the demand for the dealer inventory of stainless steel falls by 3.5%. According to statistics released by the Korea Iron and Steel Association (KOSA), Read more
As of now steel scrap prices CNF Europe, falls between USD 365 to per ton-USD 375 per ton. With not much difference the steel prices in USA subsists USD 375 per ton-USD 380 per ton. At the same Read more
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