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Scrap Prices Held Relatively Steady. American Metal Market\\\'s February prices for No. 1 busheling (prime) rose $10 to $400 a ton (up 2.6%) and shredded scrap (obsolete) fell $5 to $345 a ton (down 1.4%). Prices of both grades remain at or near the highest levels we\\\'ve seen since pre-recession 2008 and are roughly double the lows posted in November 2008. >> Full details
The steel ministry has proposed an across the board increase in export duty on iron ore to discourage export and lower the import duty on ore to zero to ensure that there is adequate......>> Full details
IFFTAR Party >> Full details
 
COMPANY UPDATES
 
Wastepickers in Delhi, India, worry that privatization will take away their jobs and their homes. it will also result in less recycling, their supporters say.>> Full details
Curbside Recycling Widely Available About 229 million U.S. residents, or 74 percent of the total population, have access to some form of curbside recycling at home, according to an American Beverage Association (Washington, D.C.) survey of local recycling officials nationwide.>> Full details
Aluminum scrap consumers face serious setbacks in their key markets, persistent overcapacity in their sector, and ongoing competition from global scrap buyers. >> Full details
 
     
 
Manufacturing
The manufacturing facilities are established in Africa and India. It consists of steel casting foundry of BELCHINA, operating for last 30 years in Indian market, producing customized wear resistance castings for cement and mining industry. It has a history of developing indigenous casting as a replacement for expensive imported spares for cement and mining plant machineries. BELCHINA also have JV partners for the steel melting shop and rolling mill with installed capacity of 150,000 mt in North Africa.>> Full details
Commodity Trading
The Commodities Trading Operations are engaged in Dubai and Hong Kong. BELCHINA is engaged in commodities trading of Primary Metals, Ferro Alloys, Minerals and Ores. BELCHINA’s Trading Offices are in Hong Kong and Dubai, which provides competitive procurement of material from Chinese, Indian and African markets. Commodities Trading have become a highly volatile trade with prices no longer depending on demand and supply but also on the hedge funds speculation, currency market and sudden events happening at anytime and anywhere in the world. BELCHINA Traders expertise in ensuring contract performance and overcoming the turmoil prevalent in volatile markets has won many committed Clients and Producers. >> Full details
Recycling Activities
The Scrap Collection and Recycling Facilities are operating in Middle East and Africa. BELCHINA has been trading in scrap metals since early 1990’s. Initially, BELCHINA started operation by representing leading American and European metal scrap exporters to serve the requirement of secondary metal producers of India. During early year 2000, when the Indian Customers were looking for closer locations to reduce the constraint of long voyage of American shipment, BELCHINA responded by deciding to establish scrap collection and recycling centers in Middle East and Africa. The opening of scrap collection centers and offices in UAE and African countries, led in building a sizeable market share in South East Asia primarily China. >> Full details
 
 
 
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