Posted on 04/12/2008 in category Non-Ferrous

Non-Ferrous Metals Division world-wide monthly market update
by Robert Stein,
President of the BIR Non-Ferrous Metals Division,
Alter Trading (USA)

An expensive education


Given recent circumstances in our industry, and the fact that I have just returned from China, I want to share with you a few thoughts on what's occurred and what the future might bring.

Contract cancellations and renegotiations are by no means unique to China. The same has happened in other parts of the world: Europe, the USA, South Korea, India and no doubt other destinations for our scrap. And it is unfair to impugn the integrity of all consumers or processors in any of these countries based on the repugnant behavior of some of its consuming and processing participants.

Seethe monthly world wide market update in our Members only section withreports from key countries.