SMM domestic scrap Aluminum Price

The average price of Ni 1.5% Philippine laterite nickel ore stood at $82/wmt last week, flat on the week.

This is a roundup of news in the steel industry for last week.

The average price of SMM 8-12% high-grade NPI was 1,390 yuan/mtu (ex-factory including tax) as of August 20

The Announcement on Regulating the Import Management of Secondary Brass Raw Materials, Secondary Copper Raw Materials and Secondary Casting Aluminum Alloy Raw Materials announced that, in terms of scrap aluminum, simply speaking, raw materials that meet the requirements of Recycled Casting Aluminum Alloy Raw Materials (GB/T 38472-2019) are not solid wastes and can be imported freely, with the tariff code of 7602000020.

The scrap imports by EU-28 countries during the initial three months of current year dropped sharply, as per the latest EU trade statistics released yesterday.

The International Copper Study Group (ICSG) has released preliminary data for the month of February this year in its May 2015 Copper Bulletin.

Not only is gold suffering because higher interest rates expectations and a stronger U.S. dollar, but commodity analysts at HSBC say that physical demand has also not responded to lower prices.

Gold prices ended a quieter U.S. day session with modest gains Monday, on some short covering in the futures market and some bargain hunting in the cash.

Although gold appears to be ending its second consecutive week in negative territory, both Main Street and Wall Street are expecting to see higher prices as a new month of trading kicks off.

The Bureau of International Recycling (BIR) has released the Stainless Steel & Special Alloys World Mirror May 2015 edition.