NJ scrap legislation seen hurting peddler scrap flow
Jun 05, 2013 | 02:28 PM
| Nathan Laliberte
NEW YORK A New Jersey bill imposing stepped-up restrictions on the purchase of scrap metals could present significant headwinds for the intake of peddler scrap, sources said.
The legislation updates a 2009 scrap law requiring metal recyclers to verify the identity of sellers and maintain detailed records of all transactions. Included in the update is a provision that would prohibit dealers from purchasing metals from sellers arriving without a motor vehicle. ....
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