News by Sangeetha

Direct Reduced Iron prices likely to advance and ferrous scrap prices falls sharply again

A forecast from the sponge iron manufacturers and report on ferrous market

For the past few days the Indian steel market is under fluctuation. Though some changes took place in the ingot prices, however there were no improvement in the Direct reduced Iron prices. But, Read more

Posted in : Metal Scrap,

US HMS 80:20 container prices to Taiwan to drop further

Analysis of Taiwanese domestic market

U.S containers of HMS 80:20 were traded between $443 - $450 C&F in Taiwan in the recent past. Presently, the prices fell by $5 per ton and it is now traded between $438 - $443 CNF. Decreased Read more

Posted in : Metal Scrap, ,

Turkey all set to purchase scrap from US

Steel mills return to purchase after 10days adjourn

Steel mills in Turkey had postponed their purchase of scrap from US for around 10days. After this break, steel mills are now setting out to purchase scrap from US.Lately, there was bulk purchase of Read more

Posted in : Metal Scrap, ,

Global market trends deteriorates base metal prices

Brief report on prices after deterioration

Prices of base metals fell by Rs.5/kg in the local non-ferrous market. The root for the decline in prices is due to weakening global demands. Beginning with copper, the prices declined in global Read more

Posted in : Metal Scrap, ,

Long products manufacturers announce price hike

Hike incurred due to shortage of raw materials

Price hike of long products has been declared by major steel manufacturers. The reasons for the hike seems to be due to - Power dearth in South IndiaInadequate scrap supplyShortage of iron ore Read more

Posted in : Metal Scrap, ,

Ferrous Scrap exports from St.Petersburg port to be banned

Proposal awaiting for President approval

St.Petersburg is considered to be the main port of Russia for scrap shipments to Europe. Since the other ports like Ust-Luga has draft problems and Murmansk port is not favor for shipping due to its Read more

Posted in : General Scrap, ,

Crude Oil from Waste plastics

A tremendous proposal from Bruhat Bengaluru Mahanagara Palike (BBMP)

No more qualms to Bangaloreans about the environmental pollution caused by waste plastics. Yes, the Bruhat Bengaluru Mahanagara Palike (BBMP) has proposed a plan according to which all most all the Read more

Posted in : Plastic Scrap, ,

Japan ranks top in plastic scrap recycling –

Leads the world in recycling at the rate of 77%

The Japanese Government has passed several laws & methods to treat the waste plastic due to its increasing population that is around 127 million and scarcity of landfill space especially in Read more

Posted in : Plastic Scrap, ,

Re-bar and wire rod import in US drops drastically

Analytical report from Census bureau

Census bureau reports reveal clearly that the import of re-bar & wire rod by US has declined from the past 6 months. In the month of November the import figure was 42,228 tones. The import Read more

Posted in : Metal Scrap, ,

Lifespan of Chennai corporation roads to be boosted with plastic coating –

A best way of disposing plastic waste thus improving quality of roads

The crippled roads of Chennai are to be re-layed from January. Sources from the Ripon building say that, this colossal effort is intended by the Chennai Corporation to extend the durability of its Read more

Posted in : Plastic Scrap, ,