Metal scrap

| The European Commission is considering a deal for the steel sector in exchange for granting China the coveted Market Economy Status (MES). According to European Aluminium, this approach ignores the enormous Chinese overcapacities in industries like aluminium and creates unfair distortions on the EU market.

| Recycling of steel packaging in Europe has reached a new all-time high of 76%, announces APEAL, the Association of European Producers of Steel for Packaging.

| Alba SE, publicly quoted subsidiary of Alba Group, was back in profit in 2015 and expects to sustain the positive trend in the current financial year.

| Vehicle airbags constituted “a big issue for the shredder industry to worry about” and merited further scrutiny from the safety perspective, contended BIR Shredder Committee board member George Adams Jr of US-based SA Recycling. “All of us need to be really careful when handling airbags,” he insisted.

| The recent surge in ferrous scrap prices “did not last long enough to adequately repair the collection system”, the latest meeting of the BIR Ferrous Division was told by its President, William Schmiedel of Sims Metal Management in the USA. As a result, he added, there was little evidence of supply overhang in the market.

| World crude steel production for the 66 countries reporting to the World Steel Association (Wworldsteel) was 135 million tonnes (Mt) in April 2016, a -0.5% decrease compared to April 2015.

| Modern Steel Mills (MSM), one of the leading melting shops in the Sultanate of Oman, have started production with their new Lidex 1000t scrap shear manufactured by Copex.

| Aeiforos SA, for its End-of-Life vehicle (ELV) recycling process, is one of the first companies in Europe being able to prove compliance with the recycling rates according to the End-of-Life vehicles ordinance.In order to further improve the value added from shredder residue, the Greek recycling company uses a Sesotec Varisort M for the recovery of metals from the shredder light fraction (SLF).

| According to the Alocci RI Group, May is the third month in a row characterized by a strong escalation of the metallic raw materials prices, mostly for the ferrous scrap ones.

| The World Steel Association (worldsteel) forecasts that global steel demand will decrease by -0.8% to 1,488 Mt in 2016 following a contraction of -3.0% in 2015. In 2017, it is forecast that world steel demand will return to growth of 0.4% and will reach 1,494 Mt.

| According to a recent report by the Alocci RI Group, the prices in March were slightly higher and an increase of prices and volume is expected for April.

| One of the world’s most prominent economic forecasters is the central speaker of the divisional plenary meeting during the upcoming World Recycling Convention & Exhibition in Berlin (29 May – 1 June 2016).

| On March 18, the International Automobile Recycling Congress IARC 2016 in Berlin, Germany, came to an end. More than 220 representatives of the global automotive recycling sector had come together to discuss current political conditions and the latest trends in recycling technology.

| World crude steel production for the 66 countries reporting to the World Steel Association (Worldsteel) was 120 million tonnes (Mt) in February 2016, a -3.3% decrease compared to February 2015.