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

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News

US iron and steel scrap exports down 12.9 percent in January

26 Mar | Steel News