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Corus re-establishing itself in market

Corus is keen to re-establish itself as a domestic end market for used steel cans and will start contacting previous contracting customers, its commercial manager Garvin Freeman told MRW. He added that the steel giants demand for scrap was not related to Packaging Recovery Notes (PRNs) but directly to its order books.

Last week Corus Steel Packaging Recycling announced the launch of two new Corus Approved Steel Packaging Recycling (CASPR) plants. The facilities, in Pontypool, South Wales and near Workington, Cumbria, will buy steel packaging from local authorities, waste collectors and community collection schemes throughout the UK. This will be prepared and baled before sending on to Corus UK plants for recycling.

PRNs will be raised against all steel packaging processed at the plants and collectors will be offered a competitive market price for delivered scrap. Freeman said the steel manufacturer did not want to publish a price for this material as yet, but may do so next year.

He added that with only months left before the end of the current packaging waste compliance year, Corus wanted to be in a position to offer an end market. Most local authorities like their steel cans to remain in this country, Freeman said, referring to the fact that many have had to export their steel cans over the past few months. 

While Corus maintains its position of being cautiously optimistic about a market recovery, the re-lighting of its number 4 blast furnace at Port Talbot, South Wales, can be seen as a positive sign that the global market is picking up.

 


 

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