North American Aluminum scrap prices unchanged on Index on 2nd June, 2017

Pantheon Electric announced on October 1 that recycled copper now accounts for 33% of its company-wide feedstock. At its Leetsdale, Pennsylvania facility, busbar, strip, sheet and plate are produced with 100% recycled copper, with the plant processing more than 100 million lb, or roughly 45,400 tonnes, of copper scrap annually. Construction Newswire The Leetsdale operation uses a reverberatory furnace capable of processing multiple scrap streams, including internal manufacturing scrap and some lower-grade material that would otherwise require prior refining. Copper remaining in the resulting slag is subsequently recovered off-site. Pantheon operates 21 plants across North America and Europe through businesses including International Wire Group and Hussey Copper and says it is continuing to expand recycled-copper capacity. The development highlights scrap becoming a structural feedstock for major U.S. copper fabricators rather than merely a substitute during periods of tight primary supply.

[India Domestic] India’s domestic steel market strengthened with prices rising across several key markets amid steady demand. Steel prices are expected to rise by another USD 20/tonne (INR 2,000/tonne) in the coming week, driven by higher raw material costs and a pick-up in demand. Major primary steel producers have also raised rebar prices recently, according to market participants. Mandi HMS 1&2 (80:20) up 3 USD/tonne (300 INR/tonne) to 409 USD/tonne (39,400 INR/tonne) delivered Mandi. Mumbai HMS 1&2 (80:20) unchanged at 376 USD/tonne (36,500 INR/tonne) delivered Mumbai. Mandi ingot up 3 USD/tonne (300 INR/tonne) to 505 USD/tonne (48,600 INR/tonne) EXW Mandi. Rebar rose 4 USD/tonne (400 INR/tonne) to 543 USD/tonne (52,200 INR/tonne) EXW Raipur. Durgapur Billet flat at 471 USD/tonne (45,300 INR/tonne) delivered Durgapur. Sponge iron PDRI increased 3 USD/tonne (300 INR/tonne) to 310 USD/tonne (29,800 INR/tonne) EXW Raipur.

India has not yet decided whether to remove the pre-shipment inspection requirement for imported metal scrap, the Directorate General of Foreign Trade said on September 30. The authority is reviewing a proposal from the Material Recycling Association of India and remains open to further easing compliance requirements. MRAI has argued that a shortage of India-authorized inspection agencies in several exporting countries is creating certification and logistical constraints for scrap shipments. Reuters India imports around 13 million tonnes of recyclable metal scrap annually from more than 160 countries, with roughly 2,500 containers arriving each day. MRAI has proposed recognizing more overseas inspection agencies and expanding the list of low-risk origins exempt from pre-shipment inspections. DGFT said pre-shipment certification and inspections at Indian ports currently serve different purposes and cannot simply replace each other. Any eventual relaxation could reduce compliance barriers for imported scrap, including copper scrap, and broaden sourcing flexibility for Indian buyers, although no policy change has yet been approved.