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Scrap Price News updated live by British Scrap Metal Portal. Find out the latest trends and happenings in scrap metal industry. Updated news on current metal scrap prices, prices for recycling and treatment.

• Steel market (34)
• Scrap (44)

US and Canada Discuss Deal to Cut Auto and Steel Tariffs, Sources Say

The U.S. and Canada are reportedly discussing cuts to auto and steel tariffs, with a limited deal possible before Nov. 3. Talks remain uncertain, and 50% tariffs are still set for Jan. 1.

Norsk Hydro Warns of Higher Smelting Costs After Quarterly Profit Miss

Norsk Hydro’s Q3 EBITDA rose 52% but missed forecasts as working-capital needs and disruptions squeezed results. Strong European premiums may not offset higher costs and uneven markets.

UK Unwrought Nickel Consumption Falls 31.7% in 2024, With Recovery Forecast Through 2035

UK unwrought nickel consumption plunged 31.7% to 11K tons in 2024, and market value fell to $254M. A modest recovery is forecast, reaching 12K tons and $293M by 2035.

German scrap recyclers take legal action against EU export curbs, citing statutory flaws

German scrap recyclers are challenging EU plans to curb metal-scrap exports to 16 non-OECD countries, citing statutory flaws and a lack of clear environmental justification.

European steel market faces mounting pressure

Europe’s steel market faces weak demand, high energy costs and import quotas cut by 47%, with 50% tariffs on excess imports. Possible mill shutdowns could tighten supply, though near-term price gains remain limited.

Indonesia Nickel Production Faces Major Cuts Amid Chinese Strategy Shift

Chinese producers are weighing coordinated nickel cuts in Indonesia, potentially halving MHP and reducing NPI output 20%. The scale and duration remain undecided as prices fall.

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