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ISRI opposes Mexico Fe, Al scrap export ban

  • Market: Metals
  • 07/10/22

The US-based Institute of Scrap Recycling Industries (ISRI) hopes to convince Mexico to hold off on plans to temporarily ban the export of steel and aluminum scrap used in food packaging.

The country released a set of proposed anti-inflation laws on 3 October, which outlined the ban of some exports to help support domestic industries and control rising prices, including packaging scrap.

While ISRI does not interpret the rule to apply specifically to used beverage cans (UBCs)—which would have major implications for US scrap consumers — it is trying to open a dialogue with the country's leadership and has reached out to member companies in Mexico to get a better understanding of scope.

"While we understand the Mexican Government's interest in controlling inflationary prices for certain food staples, we fail to see the nexus or need for involving scrap steel and aluminum in this proposal. We are interested in better understanding Mexico's motivation for the proposed metals export ban and would welcome an opportunity to discuss this issue with the Mexican Government," said Fred Fischer, ISRI's assistant vice president of international trade.

In the first eight months of the year, Mexico was the second biggest supplier of imported aluminum scrap to the US at 346,017 metric tonnes (t) in addition to the number two supplier of imported ferrous scrap to the US at 999,986t.

Mexico and Canada send most of their scrap aluminum cans to the US, as neither country has rolling mills that produce beverage can sheet at this time.


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28/03/25

Australia's Aurelia Metals to boost Cu, Zn processing

Australia's Aurelia Metals to boost Cu, Zn processing

Perth, 28 March (Argus) — Australian metal producer Aurelia Metals is set to triple mixed metal ore processing capacity of ore from its Federation mine, after authorities in New South Wales state approved a project consent change. Aurelia produces mixed metal ore at its 600,000 t/yr Federation mine. It then hauls ore to its nearby Peak processing centre to produce a range of base and precious metals, including zinc, copper, lead, and gold. The company has been allowed to move only 200,000 t/yr of ore between its two NSW sites since Federation opened in mid-2024, because of consent restrictions. But the latest change allows it to move 600,000 t/yr of ore to Peak, the company announced on 28 March. Aurelia's updated consent comes as it continues to ramp up production at Federation. The company only processed 16,500t of Federation ore in October-December 2024, recovering 55t of copper, 626t of lead, 1,263t of zinc, and 502oz of gold. Aurelia is increasing its base metal production capacity, despite other Australian producers doing the opposite. Australian metal firm IGO paused its Forrestania nickel project in July-September 2024, and will close its Nova copper and nickel mine in 2027. But this phenomenon is not unique to Australia. Global metal producer Glencore cut its total copper output by 6pc in 2024, following planned production declines in Chile and Peru, and unplanned disruptions in the Democratic Republic of Congo. Copper prices have been quite volatile over the last year. The London Metal Exchange's (LME) copper cash price stood at $8,696/t on 27 March 2024, before bouncing between a high of $10,857/t and a low of $8,620/t over the next 12 months. LME's copper price stood at $9,787/t on 27 March. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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UK GHG emissions fell by 4pc in 2024


27/03/25
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27/03/25

UK GHG emissions fell by 4pc in 2024

London, 27 March (Argus) — The UK's greenhouse gas (GHG) emissions fell by 4pc year-on-year in 2024, provisional data released by the government today show, driven principally by lower gas and coal use in the power and industry sectors. GHG emissions in the UK totalled 371mn t of CO2 equivalent (CO2e) last year, the data show, representing a fall of 54pc compared with 1990 levels. The UK has legally-binding targets to cut its GHG emissions by 68pc by 2030 and 81pc by 2035 against 1990 levels, and to reach net zero emissions by 2050. The electricity sector posted the largest proportional year-on-year fall of 15pc, standing 82pc below 1990 levels at 37.5mn t CO2e. The decline was largely a result of record-high net imports and a 7pc increase in renewable output reducing the call on coal and gas-fired generation, as well as the closure of the country's last coal power plant in September , which together outweighed a marginal rise in overall electricity demand, the government said. Industry posted the next largest emissions decline of 9pc, falling to 48.3mn t CO2e, or 69pc below 1990 levels, as a result of lower coal use across sectors and the closure of iron and steel blast furnaces. Fuel supply emissions fell by 6pc to 28.4mn t CO2e, 63pc below where they stood in 1990. And emissions in the UK's highest-emitting sector, domestic transport, fell by 2pc to 110.1mn t CO2e, 15pc below 1990 levels, as road vehicle diesel use declined. Emissions in the remaining sectors, including agriculture, waste and land use, land use change and forestry (LULUCF), edged down collectively by 1pc to 67.2mn t CO2e, some 50pc below 1990 levels. Only emissions from buildings and product uses increased on the year, rising by 2pc as gas use increased, but still standing 27pc below 1990 levels at 79.8mn t CO2e. UK-based international aviation emissions, which are not included in the overall UK GHG figures, rose by 9pc last year to reach pre-Covid 19 pandemic levels of 26.1mn t CO2e, the data show. But UK-based international shipping emissions edged down by 1pc to 6.2mn t CO2e. By Victoria Hatherick Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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British Steel to close furnaces and steelmaking


27/03/25
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27/03/25

British Steel to close furnaces and steelmaking

London, 27 March (Argus) — Scunthorpe-based British Steel has started consultations with its workforce on the closure of its blast furnaces and steelmaking operations, with widespread redundancies. The company has proposed three options: the closure of the furnaces, steelmaking and Scunthorpe rod mill by early June this year; the closure of blast furnaces and steelmaking by September 2025; or the closure of the blast furnaces and steelmaking operations after September 2025. All of the options would essentially mean the company importing semi-finished steel and re-rolling it into longs, similar to Tata's decision to import slab, hot-rolled coil, cold-rolled coil and in some instances hot-dip galvanised. The government has offered British Steel £500mn towards its decarbonisation, in line with the amount Tata Steel received, but no agreement has been reached. UK energy minister Sarah Jones told the House of Commons business committee yesterday British Steel's owner Jingye had refused the £500mn offer. Market sources believe the company is holding out for greater state-support, and using the consultation as a negotiating tactic. It said in the event of its first option — closing the furnaces, steelmaking and Scunthorpe Rod Mill, by early June — it would not be able to commit to electric arc furnace-based technology. Market sources have questioned how long the company would run the furnaces. It has been exploring options for bringing in external gas supply to power its reheat furnaces and rolling lines for some time. Some have also questioned the company's commitment to electric arc furnace (EAF)-based production. British Steel said the ageing furnaces and steelmaking operations are "no longer financially sustainable due to highly challenging market conditions, the imposition of tariffs and higher environmental costs relating to the production of high-carbon steel". Changes need to be made to put the business on a sustainable footing, it said. Unions have asked the government to provide an additional £200mn to British Steel to keep the furnaces — which have been beset by issues in recent years — running until EAFs are in place. "We urge Jingye and the UK Government to get back around the table to resume negotiations before it is too late", Roy Rickhuss, general secretary of the Community Union, said. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Trump unveils new tariffs on auto imports: Update


26/03/25
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26/03/25

Trump unveils new tariffs on auto imports: Update

Adds details throughout Washington, 26 March (Argus) — President Donald Trump said today he would impose a 25pc tariff on foreign-made cars and trucks imported into the US, but said there will be no tariffs on automobiles assembled in the US. Trump said the new tariffs on imported automobiles marked the "beginning of Liberation Day", the term Trump has used to reference his plan to unveil sweeping tariffs on major foreign trade partners on 2 April. The White House estimates the tariff on imported cars and trucks will generate $100bn/yr in new tariff revenue. Trump said the auto tariff will go into effect on 2 April, providing a financial incentive for automakers to relocate manufacturing to the US. "We'll effectively be charging a 25pc tariff, but if you build your car in the United States, there's no tariff," Trump said in remarks at the White House. "And what that means is a lot of foreign car companies, a lot of companies, are going to be in great shape." The auto tariffs will likely add thousands of dollars to the price of many imported cars and trucks. But the tariffs — the details of which have yet to be released — appears more targeted than Trump's initial plan to impose a 25pc tariff on nearly all imports from Canada and Mexico, because the tariffs would not apply to cars and trucks parts, so long as the vehicles are assembled in the US. "Anybody that has plants in the United States it's going to be good for, in my opinion," Trump said. Ontario premier Doug Ford previously warned that Trump's plan to impose a nearly across-the-board import tariff could have caused auto manufacturing in the US and Canada to grind to a halt within as few as 10 days. Trump eventually delayed those tariffs until 2 April. Earlier this week, Trump said that South Korean automaker Hyundai's decision to invest $5.8bn to build a steel mill in Louisiana offered a blueprint for how companies could avoid tariffs. Trump has already imposed a 25pc tariff on steel and aluminum, and earlier this week said he would announce tariffs on imported lumber, semiconductor chips and pharmaceuticals. Even as a lack of details about the upcoming tariffs has fueled uncertainty for businesses and sharp declines on US stock markets, Trump has continued to announce additional tariffs. On Tuesday, Trump said any country taking delivery of Venezuelan oil or gas would be "forced" to pay an incremental 25pc tariff on any goods imported in the US. US oil executives appear to be growing tired of Trump's chaotic trade policy, particularly his imposition of a 25pc tariff on imported steel that is used in drill pipes, executives said in a survey the US Federal Reserve of Dallas released Wednesday. The uncertainty over tariffs and trade policy is causing "chaos", they said in the survey, and increasing their cost of capital. "Tariff policy is impossible for us to predict and doesn't have a clear goal," an unnamed oil executive said in the survey. "We want more stability." By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Trump to impose new tariffs on auto imports


26/03/25
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26/03/25

Trump to impose new tariffs on auto imports

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