Home > Steel News > Latest Steel News > Metalriciclo...

Metalriciclo 2011 discusses new EU rules for metal scrap market

Tuesday, 24 May 2011 15:27:25 (GMT+3)   |  
During the international Metalriciclo exhibition on technologies for the recovery and recycling of ferrous and non-ferrous metals held in Brescia, Italy on May 19-21, a discussion was held on the new European Council's regulation concerning the categorization and use of metal scrap which will come into effect on October 9. 
 
Participants at the discussion reached consensus on the crucial importance of having the same set of rules for all European Union (EU) countries. Alfredo Schweiger of the Italian steelmakers association Federacciai said that Italy has an important historical presence in the ferrous scrap markets, since more than half of the steel produced in Italy comes from electric furnaces. In 2010, ferrous scrap consumption of local Italian mills reached 18.2 million metric tons, of which more than four million metric tons was imported. 
 
According to the new rules, metal residuals can be treated as commercial scrap if they correspond to the following criteria: a) the material must come from a production process relating to goods or services; b) it has to be clear that the material will be used to produce new virgin metal; c) the material must not be changed in its main properties, but it must be used directly (obviously, it can be cut, shredded, etc.); d) the material must comply with health and environmental protection laws.

Similar articles

Import shredded scrap prices in Pakistan down slightly in new deals

18 Jun | Scrap & Raw Materials

Indian import scrap rangebound with negative bias amid low demand, weak local currency

18 Jun | Scrap & Raw Materials

Turkish scrap market tries to decide its course amid uncertainties rising in Middle East

18 Jun | Scrap & Raw Materials

Chinese local scrap edges up slightly, mills lower usage due to margin pressure

18 Jun | Scrap & Raw Materials

Global View on Scrap: Turkish market stable as mood changes to positive, Asia softens

13 Jun | Scrap & Raw Materials

Local German scrap prices show mixed trends, stronger flow locally than for export

13 Jun | Scrap & Raw Materials

July US scrap seen mostly sideways, though opinions remain mixed after steady June settles

13 Jun | Scrap & Raw Materials

Local Polish scrap market trend still uncertain amid contrasting information

13 Jun | Scrap & Raw Materials

Bangladeshi scrap buyers holding back after holiday, rebound hopes emerge

13 Jun | Scrap & Raw Materials

Taiwan’s import scrap prices decrease amid more attractive billets

13 Jun | Scrap & Raw Materials