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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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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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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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Published in issue 13/2022
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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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Published in issue 13/2022
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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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Published in issue 13/2022
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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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Published in issue 12/2022
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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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Published in issue 12/2022
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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
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Published in issue 11/2022
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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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Published in issue 11/2022
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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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