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  • BIR Autumn Roundtables: Ferrous Demand Likely to Return

    Posted on October 28th, 2011 admin No comments

    Speaking to attendees at the Bureau of International Recycling (BIR) Ferrous Division meeting in Munich in October, Tom Bird of Van Dalen Recycling in the U.K. said encouragement should be derived from the fact that “business is still being done, reflecting demand,” and that although prices have fallen, current levels “are not as low as some were forecasting.” Bird, who also is president of the European Ferrous Recovery and Recycling Federation (EFR),said compared to the crisis of 2008, “our customers are more robust, more consolidated and far more likely to continue to perform [even] in a falling marketplace.” Indian steel production growth is likely to be restricted to from 5 to 6 percent in the current year rather than the 10 to 12 percent originally anticipated, reported Zain Nathani of the Nathani Group of Companies. Having noted that many of the country’s steel mills had cut production in response to lower iron ore availability, the speaker went on to say that India’s ferrous scrap imports fell a fraction below 4 million metric tons in the 2010/11 financial year, backing off from around 4.75 million metric tons in 2009/10

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    BIR Autumn Roundtables: Ferrous Demand Likely to Return

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