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    Nucor’s DRI facility pressures scrap tags

    Apr 24, 2015

    Nucor Corp.’s direct-reduced iron (DRI) plant in St. James Parish, La., has put significant pressure on U.S. scrap markets, helping to drag down ferrous scrap prices by around $100 per ton in February, according to the company’s top executive. More »

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    Hot-roll coil prices might be near floor

    Apr 24, 2015

    Hot-rolled coil prices held steady this past week for the first time this year, with industry participants saying that domestic tags were at or close to a bottom. More »

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    Imported sheet tags slide

    Apr 24, 2015

    Prices for offshore flat-rolled steel dropped again this past week, with some traders doubtful that the U.S. market had bottomed as a result. More »

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    Rebar tags flat, import flood expected

    Apr 24, 2015

    NEW YORK — U.S. rebar prices have held steady over the past two weeks, even as import markets anticipate slightly higher pricing in the near term, market participants told AMM. More »

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    Aluminum assesses China tax cut

    Apr 24, 2015

    North American aluminum suppliers are cautiously eyeing China’s decision to remove export taxes on certain aluminum products, although it’s questionable whether the material will appear in the P1020 market. More »

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    Fast-track bill clears hurdles

    Apr 24, 2015

    A measure to fast-track trade agreements has passed with some amendments, but not those that had been hoped for by the metals industry. More »

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    Wire rod prices steady as market eyes scrap

    Apr 24, 2015

    U.S. wire rod prices are flat as the market awaits scrap settlements in early May, with several market participants set to negotiate pricing and book orders for next month at the upcoming Interwire conference. More »

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    Now is time for steel hike, Reliance says

    Apr 24, 2015

    Now is the perfect time for price increases in steel even as imported products are flooding the market, a top Reliance Steel & Aluminum Co. executive said. More »

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    Construction startups slump in March

    Apr 24, 2015

    Steep pullbacks in nonresidential and nonbuilding construction pushed new construction starts down 13.3 percent in March from the previous month, according to a benchmark index. More »

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    Ferroalloy suppliers hopeful of stronger demand

    Apr 24, 2015

    Ferroalloy suppliers have been buoyed by a marginal bounce in the steel capacity utilization rate and optimism over improving demand, although spot prices have yet to show signs of recovery. More »

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    UBC prices ease, deliveries at mid-June

    Apr 24, 2015

    The used beverage can (UBC) market is under pressure as high inventories and strong flows push prices down, aluminum scrap market participants said. More »

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    JCI’s earnings boosted by battery shipments

    Apr 24, 2015

    Johnson Controls Inc.’s (JCI’s) earnings soared in its fiscal second quarter on strong shipments of lead-acid batteries and higher levels of global automotive production. More »

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    Aluminum’s adaptability seen key to auto growth

    Apr 24, 2015

    The aluminum industry’s ability to meet strong demand as a result of growth in the automotive sector while maintaining its credentials as a sustainable industry was a key focal point at the Aluminum Association’s spring meeting in Dana Point, Calif., this past week. More »

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  • Scrap downturn is a major change

    As the annual convention of the Institute of Scrap Recycling Industries approaches, to say that everything is not ideal in the ferrous scrap world would be a bit of an understatement. The first quarter of 2015 has presented scrap companies with their greatest challenges since the Great Recession helped to lower prices near the end of 2008. It hasn’t been a bed of roses on the nonferrous side, either.

  • Something old, something new

    Although the price differential between used and new equipment is as much as 50 percent or more, some scrap companies still prefer to buy new, even with current market conditions, while others are happy to grab the savings.

  • The well-dressed scrapyard

    What equipment should a yard operator be looking at to remain competitive and efficient? The emphasis often is on operational efficiency and value-added sorting, and one comprehensive, flexible approach could be to outline what the yard would look like if it were started from scratch.

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