{"id":10455,"date":"2012-05-03T08:32:08","date_gmt":"2012-05-03T06:32:08","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/sdi-copper-rod-mill-to-compete-with-china-for-scrap\/"},"modified":"2012-05-03T08:32:08","modified_gmt":"2012-05-03T06:32:08","slug":"sdi-copper-rod-mill-to-compete-with-china-for-scrap","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/sdi-copper-rod-mill-to-compete-with-china-for-scrap\/","title":{"rendered":"SDI copper rod mill to compete with China for scrap"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* SDI copper wire rod mill to come on line in Q2<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Predominant feedstock will be No. 2 copper scrap<\/p>\n<p><span><\/span><\/p>\n<p>* Chinese seen as main competition<\/p>\n<p><span><\/span><\/p>\n<p>By Chris Kelly<\/p>\n<p><span><\/span><\/p>\n<p>NEW YORK, May 2 (Reuters) &#8211; Steel Dynamic Inc&#8217;s (SDI) new<br \/>\ncopper wire rod mill in New Haven, Indiana, will use a grade of<br \/>\ncopper scrap popular in China as its raw material, putting it in<br \/>\ndirect competition with the Far East and potentially driving<br \/>\nprices higher, market participants said.<\/p>\n<p><span><\/span><\/p>\n<p>Developed through a partnership with Barcelona, Spain-based<br \/>\nLaFarga Group, the $39 million facility is on track for a<br \/>\nsecond-quarter start-up and should be running at full capacity<br \/>\nby the fourth quarter of the year.<\/p>\n<p><span><\/span><\/p>\n<p>The mill, SDI&#8217;s second non-ferrous operation but its first<br \/>\nforay into copper, is expected to produce roughly 180 million<br \/>\nlbs (82,000 tonnes) of copper rod per year using a similar<br \/>\nquantity of scrap as its raw material.<\/p>\n<p><span><\/span><\/p>\n<p>No. 2 Birch Cliff, a mix of wire and tubing with a<br \/>\n96-percent copper content, will be the predominant feed, Russ<br \/>\nRinn, president and chief operating officer of OmniSource, SDI&#8217;s<br \/>\nscrap unit that will be supplying the mill, said.<\/p>\n<p><span><\/span><\/p>\n<p>The mill&#8217;s monthly feed is small compared with the over<br \/>\n230,000 tonnes of copper scrap exported by the United States to<br \/>\nChina in March.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* SDI copper wire rod mill to come on line in Q2 * Predominant feedstock will be No. 2 copper scrap * Chinese seen as main competition By Chris Kelly NEW YORK, May 2 (Reuters) &#8211; Steel Dynamic Inc&#8217;s (SDI) new copper wire rod mill in New Haven, Indiana, will use a grade of copper [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10455","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10455"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10455\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}