Global warming.News, statistics and orders placed from East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. continue to point to strong demand for nonferrous metals. A reviving North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturing sector may also be in the cards, as positive jobs data and strong corporate earnings reports have seemed to keep consumers and small business owners upbeat despite the political turmoil in Iraq. Much as with steel and ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which scrap pricing, however, the surge of the past nine months may have peaked in late spring, as mining and smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. companies have ramped up production to meet increased global demand for copper and aluminum. Much like a hot stock on Wall Street, speculators may have already factored in the anticipated revival of North American manufacturing into the pricing. Chinese scrap buyers' reluctance to keep paying the high prices of the past couple of months also has affected the copper scrap market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Reuters report, increased scrutiny of China's banking system may also be having an effect, as the money supply has tightened up for small and medium-sized companies in China. China's new permitting process for importers and processors of scrap metal may have also caused some of the hiccups Hiccups Definition Hiccups are the result of an involuntary, spasmodic contraction of the diaphragm followed by the closing of the throat. Description . Facing a looming July 1 deadline, some 400 companies have already secured their permits, according to Reuters, while others try to finalize permission. Many buyers and sellers say that once the banking and customs changes are understood and in place, copper scrap may resume flowing from North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to China. Indeed, some smelter operators may need to play "catch up," spurring a lot of buying. "People around here are still bullish," says one nonferrous broker who prepares shipments to China. "If there is a demand, the buyers are going to be back in the market." While copper buying patterns in China have gained most of the attention, aluminum shipments to China are also increasing. "Aluminum pricing and shipments have not been as volatile as copper, but the trends are up," says the broker. (Additional news about nonferrous scrap, including breaking news and consuming industry reports, is available online at www.RecyclingToday.com.) [GRAPHICS OMITTED] |
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