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Turkey: Scrap Purchases Slow for Steel, Prices Decline Slightly
Turkish steelmakers continued to purchase deep-sea ferrous scrap at a moderate pace early in the week of October 20, held back by weak sales of finished products, market sources told Commodity Evolution. An Izmir steelmaker closed a deal for a cargo from the Baltic...
Unimetals Recycling at Risk: British Company Files for Administrator Appointment
British group Unimetals Recycling (UK) Ltd has filed a notice of intention to appoint administrators in connection with its acquisition of the UK operations of Australian-listed global recycling giant Sims Metals. The news was confirmed in an official filing published...
US Steel Production Rebounds from a Multi-Month Low
Domestic crude steel production in the United States rose to 1.744 million net tons in the week ending Saturday, October 11, marking a sharp rebound after hitting a multi-month low. Capacity utilization stood at 76.1%, according to data released by the American Iron...
American Aluminum Association Proposes UBC Export Ban: Industry Divides
The Aluminum Association has launched a proposal to ban exports of used aluminum can scrap (UBC) from the United States to countries outside North America, arguing that recycled aluminum should be treated as a strategic national resource. The measure, presented in a...