Europe aluminum scrap defaults to rise: Liptak

Nov 21, 2012 | 12:35 PM | Claire Hack

Tags  scrap, aluminum, Karol Liptak, Steelinvest, Eastern Europe, Commonwealth of Independent States, Ukraine, Thailand Metal Bulletin's 20th International Recycled Aluminum Conference

SALZBURG, Austria — Defaults among European consumers of secondary aluminum scrap are expected to rise in 2013 as liquidity decreases and demand for end-user products falls.

The issue is not limited to countries hit hardest by the debt crisis—such as Italy and Spain—as it has already begun to affect countries in Eastern Europe and the Commonwealth of Independent States, sources said.

In Ukraine, for example, the scrap and secondary metal industry has been saddled with a temporary export ban following a change of administration. ....

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