Market should control scrap trade: BIR

Jun 03, 2014 | 05:21 PM | Sean Davidson

Tags  scrap, Bureau of International Recycling, BIR, nonferrous scrap, Robert Stein, World Recycling Convention, scrap exports, Sean Davidson

MIAMI — National governments have no right to control scrap material generated within their borders and should allow markets to determine how and where scrap is utilized instead of hurting free trade with export and import barriers, according to the Bureau of International Recycling (BIR).

Despite various societal benefits to recycling, several countries continue to obstruct free trade, thereby distorting real market values of scrap, Robert Stein, president of Brussels-based BIR’s nonferrous commodities division, told delegates at the organization’s World Recycling Convention in Miami June 2.

"Our industry is not well understood. Legislation is often biased against it in many ways," he said, highlighting restrictions on the international nonferrous scrap trade "for economic or perceived environmental reasons."....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results