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    Senator aims to clarify injury standard

    Apr 20, 2015

    Legislation clarifying the so-called "injury standard" used in U.S. trade cases could be introduced in the Senate as soon as this week, according to Sen. Rob Portman (R., Ohio). More »

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    Martens exits, Fisher takes over Novelis helm

    Apr 20, 2015

    Novelis Inc. has announced the departure of president and chief executive officer Philip Martens, with senior vice president and chief financial officer Steve Fisher taking over his duties as president on an interim basis. More »

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    China 'must do more' to cut steel overcapacity

    Apr 20, 2015

    The Chinese government is not doing enough to slash excess steelmaking capacity in the country, according to trade associations in North America, Latin America and Europe. More »

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    TimkenSteel officially unveils jumbo caster

    Apr 20, 2015

    TimkenSteel Corp. has officially commissioned its $200-million, 175,000-ton-per-year jumbo bloom caster, with the firm’s top executive invoking the opening of the Faircrest plant in 1985 as a similarly forward-looking investment during challenging times. More »

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    Lone sale to Turkey lifts export price

    Apr 20, 2015

    Turkish steelmakers remain active in the global ferrous scrap market but purchased only one cargo from the United States in the past week despite more favorable shipping rates. More »

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    TimkenSteel takes aim at clean steel

    Apr 20, 2015

    TimkenSteel Corp.’s new technology center in Canton, Ohio, packs equipment to improve and monitor the cleanness of the company’s special bar quality (SBQ) steel, John Murza, project manager for steel technology integration, told AMM during a tour of the facility. More »

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    Tax code changes could harm steel

    Apr 20, 2015

    Proposed changes to the tax code could increase costs for the steel industry and lower interest in new investments, according to the American Iron and Steel Institute. More »

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    Ford investing $2.5B in Mexico facilities

    Apr 20, 2015

    Ford Motor Co. plans to invest $2.5 billion to build new engine and transmission plants in Mexico. More »

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    IBC copper alloys unit lands $1.3M Asia order

    Apr 20, 2015

    IBC Advanced Alloys Corp.’s copper alloys division has received a $1.3-million order from a new multinational manufacturing customer based in Asia, strengthening the company’s strategy to expand its presence in the region. More »

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    Copper M&A values seen continuing to fall

    Apr 20, 2015

    The value of mergers and acquisitions in the copper mining industry will continue to decline amid weak pricing for copper and other commodities, giving rise to more distressed sellers and leaving small idled copper mines unsellable, one industry analyst said. More »

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    JCI faces OSHA fines at Ohio plant

    Apr 20, 2015

    Johnson Controls Inc. (JCI) is facing $61,600 in proposed fines from the U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) for alleged repeat violations related to lead exposure at its facility in Holland, Ohio. More »

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    IAA adds Chicago-area location

    Apr 20, 2015

    Insurance Auto Auctions Inc. (IAA) has expanded its footprint in the greater Chicago area with the addition of a new facility in East Dundee, Ill. More »

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    Worker killed at USS' Great Lakes plant

    Apr 20, 2015

    A U.S. Steel Corp. worker was run over and killed by a tractor trailer at the steelmaker’s Great Lakes Works in Ecorse, Mich., over the weekend. 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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