GLG News by Aluminum Experts

Paul GlantzPresidentMetal Recycling Consultants

Wheeling-Pittsburg Corp. – In the STEAL Business?

June 15, 2007

Analysis of:Metal Management Sues Wheeling-Pitt | www.forbes.com

Wheeling-Pittsburg Corp. has been sued for not paying for scrap steel. They claimed the scrap was out of specifcation. Assuming their claim is accurate, under what rule of law do they get to keep the scrap without paying for it?

Paul GlantzPresidentMetal Recycling Consultants

Stainless Steel Prices Due for a Fall

May 29, 2007

Analysis of:Stainless steel production to grow further – but at a slower rate | www.worldsteel.org

The article was right on target. Expect further cuts. India may become more active.

Neil BuxtonManaging DirectorGFMS Metals Consulting

Will record high nickel prices kill the golden goose

May 28, 2007

Analysis of:Stainless steel production to grow further – but at a slower rate | www.worldsteel.org

Nickel demand has benefited from the sharp gains in stainless steel output. However nickel is now the single most important cost in the production os stainless steel.  As such stainless steel prices have increased and demand for stainless is beginning to be affected. Nickel demand is likely to be adversely affected by lower stainless output and substitution.  As a result nickel prices could come under downward pressure.  

Neil BuxtonManaging DirectorGFMS Metals Consulting

Consolidation rather than exploration

April 2, 2007

Analysis of:Analysts clamour for higher LionOre bid | www.theglobeandmail.com

Xstrata's move for LionOre reinforces the latest trend that it is easier to buy existing production rather than develop new projects

There remain major financial and technological risks concerning the next generation of nickel "mega" projects

Paul GlantzPresidentMetal Recycling Consultants

Copper - Can It Save Your Life? Part II

March 16, 2007

Analysis of:Hospital in soldiers furore uses copper to beat MRSA bug | www.thisislondon.co.uk

To review, in a little publicized study published on Copper.org, confirmation of certain desirable medicinal properties of copper and copper alloys were presented. This report was distributed to the association’s membership, but still has not received widespread publication by the media.

However, this week in “This Is London” from the the U.K.’s Evening Standard reports that copper will be put to the test in a real hospital environment. It goes on to state that “If the trial is successful, a wholesale switch to copper surfaces and fittings of hospitals across Europe is in the cards to help cut the death rate from MSRA bacteria infection.

Paul GlantzPresidentMetal Recycling Consultants

India’s Tariff on Iron Ore May be Political

March 12, 2007

Analysis of:China steelmakers to see little impact from Indian iron ore price hike- Shougang | www.forbes.com

India announced on February 28 that it was initiating a tariff on iron ore of nearly $7 per metric ton.
China’s purchases of 75 million ton of iron ore from India, comprise 23% of its total imports.
Yet, one of the major Chinese importers, Sino Steel, has refused to purchase any new material. Last year they purchased 8.5 million tons.

Paul GlantzPresidentMetal Recycling Consultants

Copper - Can It Save Your Life?

February 15, 2007

Analysis of:Studies Show Copper Surfaces May Help Thwart "Superbug" Hospital Infections, Says Copper Development Association | www.copper.org

Copper has desirable medicinal properties, some of which may kill undesirable microorganisms such as E Coli bacteria and Influenza viruses.

It has been documented that copper has been used since Ancient Egypt to cure numerous diseases and afflictions.

It may be time to bring copper into the environment of certain facilities to diminish and eradicate these diseases.

Brian ShellOwnerGO Auto Recycling

Prices are heading North despite weakness in domesitc steel

December 15, 2006

Analysis of:Ferrous Scrap up $13/T;export demand strong | amm.com

Solid steel markets in the US have been catching the attention of overseas producers for some time.  Now that imports are definitely hurting the bottom line of the US makers they are faced with a rebounding raw material market that will further pinch margins.      

Brian ShellOwnerGO Auto Recycling

US Steel Makers See More Foreign Ownership

November 29, 2006

Analysis of:Russian Group Offers $2.3 Billion for Oregon Steel Mills | www.nytimes.com

Foreign ownerships continues to be part of the US consolidation as companies seek to expand and create strategic alliances.  Some are merely a play to grab market share while others create synergies with existing operations.  This one is a little of both.

Paul GlantzPresidentMetal Recycling Consultants

What’s going on with the copper market?

November 20, 2006

Analysis of:Chilean October Copper Exports Slide was Prices Slip | www.bloomberg.com

What’s going on with the copper market?

On a regular basis, I am asked for my opinion on what is happening in the copper industry and/or the copper market. While copper has been all over the news for the last year or so, it is newsworthy mainly because speculators drive the price.

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