307results found for 'scrap metal'
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- Bears Added Positions, Aluminum Alloy Night Session Plunged; UAE Aluminum Scrap Export Ban Implemented [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Bears Add Positions, Aluminum Alloy Night Session Plunges, UAE Aluminum Scrap Export Ban Takes Effect] Overnight, aluminum alloy futures weakened sharply. The night session opened at 22,850 yuan/mt, closed at 22,720 yuan/mt, down 390 yuan/mt, or 1.69%.
Jun 25, 2026 09:00 - [SMM Aluminum Flash News] UAE Imposes Four-Month Temporary Export Ban on Certain Aluminum Scrap
The UAE Ministry of Foreign Trade has issued Ministerial Decision No.105 of 2026, introducing a four-month temporary export ban on certain industrial wastes and scrap metals, including aluminum scrap under several HS 7602 codes. The measure takes effect seven working days after issuance, while shipments under previously signed international contracts may apply for exemptions. Aluminum scrap was previously subject to an export fee of AED 100/t (US$27/t). The move reflects the UAE's efforts to retain raw materials domestically and promote local value-added processing, with potential implications for Asian scrap markets, particularly India and South Korea.
Jun 24, 2026 17:18 - UAE Issues Ministerial Decision No. 105 of 2026: Ban on Exports of Scrap Takes Effect in Early June
According to the UAE Ministry of Foreign Trade's Ministerial Decision No. 105 of 2026 and the latest feedback from traders, the UAE officially published and implemented a temporary export ban on certain industrial wastes and metal scraps on 3 June 2026, for a duration of 4 months, precisely targeting iron, aluminum, and copper scrap. SMM learned that the core objective of this policy is to retain raw materials domestically; notably, copper ingots are explicitly exempted to encourage high-value-added exports. Given that the UAE had previously imposed a fixed export duty of USD 109/MT on copper scrap, which had already severely squeezed direct export arbitrage margins, this ban will have a limited marginal impact on the copper scrap market. Instead, the primary impact will be concentrated on the copper alloys, such as Honey, Ocean, and Gun metal. From the perspective of global trade flows, the main Asian consumption destinations for UAE scrap are India and South Korea. Due to China's stringent import standards for recycled materials and the historically negligible volume of direct scrap shipments from the UAE to China, this new regulation is expected to have virtually no substantial impact on the Chinese domestic scrap metal supply.
Jun 24, 2026 17:03 - SMM Lanuches Strategic Expansion into India to Accelerate Global Commodity Data Network Development
Shanghai Metals Market (SMM) is thrilled to announce that we have formally kicked off our full-scale strategic expansion across India, marking another landmark cross-border initiative in South Asia following our established presence in key global commodity hubs spanning Europe and the wider Asia-Pacific region. Concurrent with this market push, SMM has appointed Mr. Amit Hablani as Head of India Business, entrusting him with SMM’s commercial strategy and localized business development across India and the broader South Asian subcontinent. India ranks among the world’s fastest-growing consumers of metals and bulk commodities. Driven by its rapid domestic industrialization, evolving local spot price benchmarks, and a booming green circular economy centered on scrap metal, the nation has emerged as a strategically pivotal location within the global commodity value chain. By deepening our South Asian operational footprint, SMM aims to integrate its years of proprietary digital technology and rigorous price assessment methodology with on-the-ground market realities in the region. This integration will address void in local spot pricing frameworks and industrial data coverage. Mr. Amit Hablani has over 14 years of specialized expertise spanning commercialization of commodity data, cross-border market penetration, and B2B client ecosystem development. Possessing deep knowledge of South Asia’s metals and commodity supply chains, he will assist SMM's local commercial rollout and rapid establishment of a fully localized service infrastructure. Logan Lu, SMM CEO, commented: “The full-scale expansion into India represents a vital piece of SMM’s Globalization 2.0 strategy. We recognize not only India’s explosive growth potential but also its rising strategic weight within the international commodity pricing landscape. Moving forward, Mr. Amit Hablani will lead the India team to maintain close alignment with our Shanghai headquarters and all global branches. Leveraging SMM’s decades-long industry expertise and worldwide network, we will deliver comprehensive commodity solutions to global clients with enhanced regional granularity and diversified value propositions.” SMM will continue to broaden and refine our global service network in the long run and strive to empower partners worldwide and collectively build a more transparent, efficient new ecosystem for the international commodity sector.
Jun 22, 2026 13:47 ![[SMM Analysis] Aluminium Scrap Evolves Into Strategic Resource: Nations Roll Out Policies to Secure Domestic Supply](https://imgqn.smm.cn/production/admin/votes/imageslvDRc20240314085754.png)
[SMM Analysis] Aluminium Scrap Evolves Into Strategic Resource: Nations Roll Out Policies to Secure Domestic SupplyAs resource security and decarbonization become increasingly important, major economies are strengthening efforts to retain aluminum scrap. From the EU's review of export controls and the U.S. strategic asset proposal to Japan's circular economy initiatives and policies in the UAE and South Africa, these developments could reshape global scrap flows and affect secondary aluminum markets.
Jun 6, 2026 23:27- 【SMM Iron & Steel】OECD: Excess global steel production capacity continues to weigh on markets
According to the OECD's latest Steel Outlook 2026, global excess steel production capacity is projected to reach 745 million tonnes by 2028 — surpassing total OECD steel output by 319 million tonnes. Planned new capacity additions of 139 million tonnes between 2025 and 2028 represent a 5.7% increase, while demand is forecast to grow at only around 0.9% annually, widening the supply-demand gap. Most new capacity is being built outside OECD countries, frequently with government support — in 2024, Chinese steelmakers received subsidies equivalent to 15 times more relative to total assets than producers elsewhere. OECD member capacity contracted overall, with the UK seeing the sharpest decline at 39.7% between 2021 and 2025, followed by Japan at 7.2%. Export restrictions on scrap metal across 42 countries and rising energy costs linked to Middle East tensions are further weighing on investment and the low-carbon transition.
Jun 5, 2026 16:26
Announcements
With the development of the scrap metal industry, companies are paying more attention to scrap aluminum varieties and price points across different geographical regions. To meet market demands and provide more comprehensive spot price information, SMM, after extensive market research and preliminary communication, have launched the following price points for local scrap metal prices in Malaysia and Thailand on November 3, 2025: Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Thai Aluminium Scrap – UBC (Used Beverage Cans) Introduction to the new SMM Malaysian scrap aluminum price points: SMM, taking into account the local and international demand for overseas aluminium scrap prices primarily in Southeast Asia, and based on overseas policies and market changes, has decided to launch several price points in reflection of the Southeast Asian aluminium scrap markets and trade. The specific details are as follows: Price Point 1: Addition of Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 (Launched) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 2: Addition of Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Malaysian Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 (Launched) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 3: Addition of Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Thai Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 (Launced) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 4: Addition of Thai Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Thai Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 (Launched) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) We welcome more companies from both upstream and downstream industries to participate and support SMM in better serving the new energy industry chain. If you have any questions, please feel free to contact Liu Xiaolei at (+86)15021973263 or Chin Khai Yuen at (+60)124247012, or email adrian.chin@metal.com.
PriceNov 3, 2025 17:51With the development of the scrap metal industry, companies are paying more attention to scrap aluminum varieties and price points across different geographical regions. To meet market demands and provide more comprehensive spot price information, SMM, after extensive market research and preliminary communication, plans to launch the following price points for local scrap metal prices in Malaysia and Thailand on November 3, 2025: Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Thai Aluminium Scrap – UBC (Used Beverage Cans) Introduction to the new SMM Malaysian scrap aluminum price points: SMM, taking into account the local and international demand for overseas aluminium scrap prices primarily in Southeast Asia, and based on overseas policies and market changes, has decided to launch several price points in reflection of the Southeast Asian aluminium scrap markets and trade. The specific details are as follows: Price Point 1: Addition of Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 2: Addition of Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Malaysian Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 3: Addition of Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Thai Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 4: Addition of Thai Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Thai Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) We welcome more companies from both upstream and downstream industries to participate and support SMM in better serving the new energy industry chain. If you have any questions, please feel free to contact Liu Xiaolei at (+86)15021973263 or Chin Khai Yuen at (+60)124247012, or email adrian.chin@metal.com.
PriceOct 27, 2025 17:51With the development of the scrap metal industry, companies are paying increasing attention to scrap aluminum varieties and price points. To meet market demands and provide more comprehensive spot price information, SMM, after extensive market research and preliminary communication, plans to launch an optimized Malaysian scrap aluminum price point on October 13, 2025: - Tense Scrap Malaysia (Mixed Aluminium Castings) Introduction to the new SMM Malaysian scrap aluminum price points: SMM, taking into account the import-export and local demand characteristics of Malaysian end-users across different application scenarios, and based on overseas policies and market changes, has revised the Malaysian scrap aluminum price points. The specific details are as follows: Adjustment 1: Addition of Tense Scrap Malaysia (Mixed Aluminium Castings) . This price point will replace the existing Shredded Mixed Aluminum Castings (Tense) Scrap in Malaysia, FOB. - Updated price point name and definition: Malaysia Scrap Aluminum Mixed Aluminum Castings (Tense) , EXWorks, excluding VAT, USD/tonne. - Reason: The new price point better aligns with the local scrap aluminum market conditions under updated Malaysian policies, thereby more accurately reflecting market prices. - Launch date: October 13, 2025 - Update frequency: The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time). Adjustment 2: Discontinuation of Shredded Mixed Aluminum Castings (Tense) Scrap in Malaysia, FOB . - Discontinuation date: October 10, 2025 We welcome more companies from both upstream and downstream industries to participate and support SMM in better serving the new energy industry chain. If you have any questions, please feel free to contact Liu Xiaolei at (+86)15021973263 or Chin Khai Yuen at (+60)124247012, or email adrian.chin@smm.cn.
PriceSep 26, 2025 15:43