New orientation. (Nonferrous).A major consumer of copper scrap expressed concern for the future of free trade at the Nonferrous non·fer·rous adj. 1. Not composed of or containing iron. 2. Of or relating to metals other than iron. nonferrous Adjective 1. Division meeting of the Bureau of International Recycling (BIR BIR British Institute of Radiology BIR Bureau of Internal Revenue BIR Bureau of International Recycling BIR Baculovirus IAP Repeat BIR Biomedical Imaging Resource BIR Bureau of Intelligence and Research (US State Department) ) Spring Convention, held in Oslo in late May. "State subsidies give a major price advantage to Chinese copper producers," declared Hans-Gerhard Hoffmann, executive board spokesperson for Germany's Huttenwerke Kayser AG. He said the subsidies represented a form of "protectionism protectionism Policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other handicaps placed on imports. " that was damaging to copper recycling. Noting China's recent entry into the World Trade Organization (WTO See World Trade Organization. ), Hoffmann remarked, "Free trade cannot be a one way street: Us offering it and others abusing it." He added that China was "overdue in acquiring mining capacity" because the country "cannot fill its long-term growth just with scrap." Hoffmann also suggested that scrap buyers in some parts of the world are procuring Procuring, in general, is the act of acquiring goods or services, usually by contract. It may refer to:
named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. processors have the chance to handle it and upgrade it. "European refiners in a fair and open market require the full service of traders and merchants: Mechanical pre-treatment, dismantling dis·man·tle tr.v. dis·man·tled, dis·man·tling, dis·man·tles 1. a. To take apart; disassemble; tear down. b. , cutting and sorting," Hoffman commented. Relationships between dealers and refiners are "at risk due to unfair competition," he contended. Bob Stein of Alter Trading Co., St. Louis, referred differently to criticism from domestic scrap consumers concerning exports of highly prized raw materials to countries such as China. "I don't accept this," he declared. "The North American scrap processing industry is not to be blamed for the fact that economics ... dictate that we face significant challenges in processing our own scrap. In some cases, we can't afford to extend labor that costs as much in a day as it does in a month in China to prepare many of the products to the demanding specifications of the North American consumer." Stein noted that Chinese buyers had effectively penetrated the traditional market all the way down to the smallest U.S. scrap dealers scrap dealer n → chatarrero/a scrap dealer n → marchand m de ferraille scrap dealer scrap n → . Average U.S. Refiners Buying Prices for No. 2 Copper Scrap (per pound, monthly average) May02 60.39 cents June 63.95 cents July 60.59 cents Aug 55.48 cents Sept 55.68 cents Oct 56.70 cents Nov 60.50 cents Dec 61.33 cents Jan03 62.38 cents Feb 64.11 cents Mar 64.26 cents Apr 61.80 cents May 65.43 cents Source: American Metal Market Note: Table made from bar graph. |
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