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Symbolic photo of a row of black cubes with the inscription "Company restructuring"

Restructuring at parent company of Chiho and Scholz hits a snag

Symbolic photo of a row of black cubes with the inscription "Company restructuring"
04 August 2022
|
Tom Wilfer
|
~ 2 min
The search continues to find new owners for Chiho Environmental Group, the parent company of the ferrous scrap recyclers Scholz in Germany and Liberty Iron & Metal in the USA. Chiho announced on 22 July that steel producer...
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Scrap heap in a yard and two crane loaders

Low trading volumes and high price volatility on German ferrous scrap market in July

Scrap heap in a yard and two crane loaders
21 July 2022
|
Christoph Schmidt
|
~ 5 min
Prices on the German ferrous scrap market remain very volatile. Despite momentum from the export business, domestic prices again weakened in July. For traders, however, sales volumes were more important than price. Trading volumes...
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Markets
EMR Liverpool

Strong revenue and earnings growth for EMR in 2021

EMR Liverpool
04 July 2022
|
Ann Kühlers
|
~ 4 min
European Metal Recycling (EMR) posted "very strong performance in 2021" after what the company described as the "unprecedented challenge all business faced during 2020". Throughout 2021, the company had benefitted from high price...
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Material handler on top of a heap of obsolete steel scrap.

Price slide on German steelscrap market continues in June

Material handler on top of a heap of obsolete steel scrap.
27 June 2022
|
Published in issue 13/2022
|
Christoph Schmidt
|
~ 5 min
The widespread euphoria that existed on the steel and steel scrap markets in Germany as recently as April has now completely evaporated. It appears the slump in scrap prices in May was not merely a one-off event but a real trend...
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Ladle pours molten steel at a mill

Steelmakers used more scrap worldwide in 2021

Ladle pours molten steel at a mill
21 June 2022
|
Published in issue 13/2022
|
Christoph Schmidt
|
~ 3 min
The use of ferrous scrap in steel manufacturing grew substantially around the globe last year. In its annual publication "World Steel in Figures", the World Steel Association states that the scrap-based electric arc furnace (EAF)...
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A bulk ship in a port is being loaded with ferrous scrap.

Turkish steelmakers association urges EU to reject restrictions of ferrous scrap exports

A bulk ship in a port is being loaded with ferrous scrap.
17 June 2022
|
Published in issue 13/2022
|
Christoph Schmidt
|
~ 3 min
The concerns caused by plans for the revision of the European Union's Waste Shipment Regulation (WSR) are not limited to businesses in EU member states. The Turkish steel industry, the world's largest single consumer of ferrous...
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Circular economy symbol with three chasing arrows

Extra-EU trade in recyclable raw materials is booming

Circular economy symbol with three chasing arrows
15 June 2022
|
Published in issue 12/2022
|
Christoph Schmidt
|
~ 2 min
EU member states imported and exported more recyclable raw materials than ever before in 2021. According to the EU statistical office Eurostat, exports to countries outside the Union – or "third countries" – totalled 40.6 million...
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Scrap metal in the port of St. Petersburg

Russian Federation sets new tariff quotas for steelscrap exports

Scrap metal in the port of St. Petersburg
02 June 2022
|
Published in issue 12/2022
|
Christoph Schmidt
|
~ 1 min
Russia introduced new tariff quotas on ferrous scrap exports, effective 1 June. According to a government decree issued at the end of May, exports of up to 540,000 tonnes will be subject to a duty of €100 per tonne. Should exports...
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Policy
Cinzia Vezzosi (r) discusses proposed restrictions on exports of EU steel scrap with Eric Niedziela (Arcelor Mittal, l) and Denis Reuter (TSR, m) at the BIR convention in Barcelona.

Euric calls for dialogue with steel industry on transfrontier waste shipment rules

Cinzia Vezzosi (r) discusses proposed restrictions on exports of EU steel scrap with Eric Niedziela (Arcelor Mittal, l) and Denis Reuter (TSR, m) at the BIR convention in Barcelona.
31 May 2022
|
Published in issue 11/2022
|
Ann Kühlers
|
~ 4 min
In the conflict between scrap suppliers and their customers over possible export restrictions on ferrous scrap, Cinzia Vezzosi took an altogether more conciliatory tone at the BIR's spring convention. The vice president of the...
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Pile of shredded steel scrap

Derichebourg reports strong growth in first half of 2021/22 business year

Pile of shredded steel scrap
30 May 2022
|
Published in issue 11/2022
|
Eva Riebeling
|
~ 3 min
French group Derichebourg reported strong growth in sales and earnings in its environment and recycling division in the first half of the current business year, which started on 1 October 2021. The company benefited from higher...
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