Homescrap metal pricesScrap Metal News Import Export Summary For Feb 15

Here is the latest summary of import export news for scrap metals:

Japan ADC12 aluminum alloy imports soar ahead of Q2 buy tenders
One vehicle manufacturer source in west Japan, who has sourced 4000-6000 mt of ADC12 for March-April deliveries last week, said an increasing number of Japanese buyers share the outlook thatmetal priceswill rise in May-June.

Russia BoostedScrap MetalExport 5.2% asPricesRose Last Year
Russian exports of ferrousscrap, which is used to makesteel, rose 5.2 percent to 5.9 million metric tons last year from a year earlier as average contractpricesjumped and Turkey increased purchases. The average contractpriceclimbed 22 percent

Nickel vulnerable to weak Chinaimports, slow demand

Reuters-Feb 8, 2012
Benchmark nickel on the LondonMetalExchange (LME) have risen more than 17 percentwill probably notimportmorescrapso there will be temporaryscrap

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