Scrap Metal News
Recycling industry news and updates from global markets
May 26,2023 08:00 AM
The World Bank’s metals and minerals price index rose 10 percent in the first quarter of 2023. Price increases reflected positive sentiment about stronger demand amid supply disruptions for some key metals.…
May 26,2023 08:00 AM
Steel rebar prices in China hit their lowest in three years this week, underscoring flagging growth in the world's second-largest economy, particularly in its weak property sector.
May 25,2023 09:00 AM
Gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the…
May 25,2023 08:00 AM
China's imports of refined nickel have fallen to levels last seen almost 20 years ago, when the country's build-out of industrial capacity was still in its infancy.
May 24,2023 08:00 AM
Copper price fell below $8,000 a tonne on Wednesday for the first time since November as prospects for a quick rebound in China’s economy recede.
May 23,2023 08:00 AM
Copper price continued slumping as concerns about the global economy continued. Data by TradingView shows that copper plunged to a low of $3.63, the lowest level since November 2022. It has now retreated…
May 21,2023 09:00 AM
JSW Steel USA Ohio, Inc., a subsidiary of JSW Steel Ltd., announced its plans to invest $145 million in new projects to upgrade its manufacturing operations in Mingo Junction, Ohio.
May 21,2023 08:00 AM
NZ Steel's Glenbrook plant will install an electric arc furnace - halving its coal use - in what the government is calling the country's largest ever emissions reduction project.
May 19,2023 08:00 AM
British Prime Minister Rishi Sunak has announced plans for new import bans on Russian copper, aluminium, nickel and diamonds.
May 18,2023 08:00 AM
Leaders of the Group of Seven (G7) nations will discuss how to trace Russian diamond trade at a summit this week with the aim of imposing restrictions at a later stage, an EU official said on Thursday.
May 17,2023 07:00 AM
Thyssenkrupp's labour bosses cranked up the pressure on Berlin to help fund a 2 billion euro ($2.2 billion) green steel production site, warning in a letter to Economy Minister Robert Habeck that a further…
May 16,2023 08:00 AM
U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration was "extremely focused" on reaching a "green steel" arrangement with the European Union and other partners that disadvantages…