BIR complains to EU over cancellations

Nov 07, 2008 | 11:06 AM | Jana Marais

The tension over cancellations of scrap contracts intensified Friday, as the Bureau for International Recycling (BIR) sent a formal letter to European authorities expressing "serious concern" over buyers backing out of deals.

BIR said it had written to two European Union commissioners to complain about contract cancellations by consumers of raw materials, including an unnamed major European steelmaker. BIR intends to discuss the matter at a global level within the World Trade Organization, it said.....

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