-
Rumors are swirling that Chicago might be getting a new shredded scrap player.
-
U.S. bulk scrap export prices to Turkey dropped to a nearly three-year low Thursday as mill buyers continued to drive prices downward.
-
A document detailing various initiatives set forth in "Operation Green Fence" has been released by the Chinese government, offering the first official explanation of the nation’s increased enforcement and supervision on imports of raw materials.
-
Most copper scrap grades saw discounts slip May 15 as market participants said that downward movement on Comex had caused spreads to tighten slightly.
-
A congressman has introduced a bill that would block a U.S. Department of Energy (DOE) proposal to lift a ban on recycling radioactive metal.
-
PSC Metals Inc. plans to shutter half a dozen scrapyards and idle some shredding assets in the second quarter.
-
Industrial Services of America Inc. (ISA) posted a first-quarter net loss of $115,000 on a 43.6-percent drop in revenue to $34.8 million.
-
The scrap futures market has enjoyed a sudden spike in tonnage, logging its strongest monthly performance since its launch.
-
Sims Metal Management Ltd. expects to write down about Australian $115 million ($113.6 million) in its fiscal second half, the company said late May 14.
-
Schnitzer Steel Industries Inc. subsidiary Pick-n-Pull plans to enter the Rhode Island market in the near future.
-
The owner of North Carolina recycler Raleigh Metal Recycling is facing charges of allegedly violating a state secondary metals recycling law.
-
Brazilian ferrous scrap exports have stabilized in April compared with the same month last year following 12 consecutive monthly rises amid an improvement in the domestic long steel product market.
-
Legislators in Michigan have introduced three bills to the state House of Representatives aimed at combatting metals theft.
-
Six recyclers have been named recipients of North Carolina Recycling Business Assistance Center grants for 2013.
-
Stainless scrap consumer buying prices have dropped amid low demand and reports of oversupply, although broker/processor prices rebounded slightly as terminal nickel markets jumped.
-
The price for twitch, a higher grade of shredded nonferrous automotive scrap, fell about 9 percent May 13 as market participants said China’s "Operation Green Fence" was creating an oversupply of raw material.
-
The London Metal Exchange and the North American Die Casting Association (Nadca) will meet May 22 to discuss Nadca’s concerns about the long-term viability of the Nasaac, Nadca president Daniel L. Twarog told AMM.
-
SMC Recycling Inc. plans to open a new feeder yard to support its Corinth, Miss., auto shredding facility.
-
Jeff Allman, a ferrous raw materials trader at Trafigura AG/NEMS (USA) Inc., is no longer with the company, a spokesman confirmed.
-
Thomas Quirke, president of OneSteel Recycling Inc., has resigned effective May 14.
-
New scrap regulations that will take effect in Oklahoma later this year are being welcomed by metals recyclers in the state.
-
A former office manager and bookkeeper for a New York recycler has been accused of embezzling more than $600,000 from the company.
-
Harsco Corp. returned to profitability in the first quarter but expects to see revenue curbed by continued lower steel production volumes at the mills it serves.
-
Midwest ferrous scrap prices dropped about 5 percent in May as sellers had little room to prop up prices on cues of weak domestic and export demand.