Steel

Upstate Shredding has announced the construction of its new heavy media plant in Owego with the assistance of a $1 million NY ESD grant awarded earlier this year from the State of New York.

In addition to the economic and environmental benefits covered, new this year is expanded information on the global portion of the industry, including increased data on trends and markets.

The companies’ revenue for the fiscal year 2016 was 26.3 per cent below 2015. EBIT was minus 215,5 AUD.

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 133.7 million tonnes (Mt) in July 2016, 1.4% up on July 2015.

The ferrous metals industry seems to have hit rock bottom – this is something most experts agree on. But there is still no coherent tendency as to where the markets are heading. The current BIR report provides an overview of the different regions.

Data by the US International Trade Commission shows that the nation’s steel scrap exports decreased significantly June.

Uk-based Forge Skip Hirehas put together a graphic, showing how far the UK has come in the years as a recycling nation, and also a handful of bitesize facts that helps put things into perspective.

India’s Mahindra Intertrade Ltd. and metal scrap trading firm MSTC have entered into a joint venture agreement to set up the nation’s first greenfield auto-shredding and recycling unit. The first plant under this joint venture will be established in Maharashtra or Gujarat. Mahindra Intertrade hopes to set up various plants under the JV.

Japan’s Ministry of Finance has issued the nation’s waste and scrap import statistics for June 2016.

The new African Marine Waste Network project was officially launched at South Campus in South Africa’s Port Elizabeth city by the Sustainable Seas Trust. The Nelson Mandela Metropolitan University hosted the launch. The project is part of a United Nations drive to address marine waste at a Pan-African level.

The US has launched a trade enforcement action against China at the WTO concerning China’s export duties on several different raw materials. The EU intervened in this WTO challenge, a move that has been welcomed by the European Steel Association (EUROFER).