Author Archives: zhengyangpcb

U.S. Reports Substantial Drop in Scrap Iron and Steel Exports

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The U.S. exports of scrap iron and steel registered huge decline during the initial four-month period of the current year. The exports dropped by nearly 21% to total $2.02 billion during this period. This compares with the exports that were valued at $1.59 during Jan-Apr ’18. The monthly exports were valued at $454.43 million in […]

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Gold Imports Recorded 49% Surge in India

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India’s gold imports surged in May this year, mainly boosted by festive demand. As per government sources, the country imported 116 tonnes of the precious metal during the month, significantly higher by 49% hwne matched with the imports during the corresponding month a year before. The country’s gold imports had totaled only 78 tonnes in […]

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Assets of Schneider’s Iron & Metal Acquired by Alter Trading

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St. Lious, Missouri-headquartered Alter Trading Corporation announced that it has purchased substantially all of the assets of Schneider’s Iron & Metal, Inc.- a leading scrap metal processor based in Kingsford, Michigan. With this acquisition, Alter Trading has expanded its footprints into Michigan. The transaction came to a close in May 31, 2019, said the press […]

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Proposed Bill in North Carolina Would Give Lawmakers Power to Dump Toxic Electronics in Landfills

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A provision in the proposed Regulatory Reform bill would give cities in North Carolina the ability to bypass the state-wide ban on electronic products in landfills. These electronics include older “tube TVs,” a product becoming widely unused in America and are frequently discarded. CRT television sets contain cathode ray tubes and a wide variety of […]

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West Fraser B.C. Sawmills Announce Temporary Production Curtailment

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West Fraser announced temporary production curtailments at five British Columbia sawmills. According to company press release, all mill activities will be suspended for a period of one week at the following B.C. area sawmills- Chetwynd, Quesnel, Williams Lake, Smithers and Fraser Lake. West Fraser cited weak global lumber prices and escalated log costs as the […]

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EU-28 Crude Steel Output Witnessed 4.2% Decline

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The European crude steel production recorded modest decline in April 2019. The domestic production totaled 14.064 million tonnes (Mt) during the month, as reported by the World Steel Association (worldsteel). This is lower by 4.2% when matched with the output of 14.687 Mt achieved by the region in the same month a year before. The […]

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DGCX Recorded Highest Average Open Interest in May

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The Dubai Gold & Commodities Exchange (DGCX) recorded monthly Average Open Interest (AOI) of 406,203 contracts in the month of May this year. This is the highest average OI since 2016. The higher AOI was mainly on account of the spike in Indian Rupee (INR) trading during the month. Also, the ongoing political tensions across […]

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Greensboro, NC Votes to Scrap Glass Recycling, Citing Rising Costs

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The Greensboro City Council has voted to end the city’s glass recycling program. Waste Reduction Supervisor Tori Carle said downturns in the market for recycled glass forced the decision. “We did not make this choice lightly,” said Carle. “Greensboro is a community that loves to recycle, we know our residents want to recycle, but glass […]

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China to Issue Scrap Import Licenses by End-June, Earlier than Expected by Industry

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China aims to grant import licenses and a first batch of import quotas by the end of June for soon-to-be restricted scrap metal shipments into the nation, a government spokesman said, slightly earlier than previously expected by the industry. The recycling branch of the China Nonferrous Metals Industry Association had said last month that the […]

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City Council Demands Relocation of American Iron and Metal’s Controversial Auto Shredder

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The Saint John Council has reportedly submitted a letter to the New Brunswick Environment and Local Government Minister to go tough on the auto shredder operations of American Iron and Metal (AIM) at the Port of Saint John, New Brunswick. It must be noted that AIM’s controversial shredder facility is just two weeks away from […]

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