Scrap RSS

  • Chicago scrap prices sink on cloudy outlook Feb 07, 2014

    Uncertainty on a reasonable floor price for prime scrap in Chicago has resulted in large tonnages being secured on a price-to-be-determined basis as steel mills seek more time to settle final prices.

  • Strong auto demand lifts A380.1 prices Feb 07, 2014

    Prices for secondary aluminum alloy A380.1 continued to climb Feb. 6, bolstered by a number of factors, including higher raw material costs and robust demand from the automotive sector, according to market sources.

  • Clarification: Schupan eyes growth, hires scrap veterans Feb 07, 2014

    An article in the Feb. 7 edition implied that Gary Curtis had most recently been employed at Terrapin Recycling LLC before being hired by Schupan & Sons. Curtis is currently an executive vice president at Clayton, N.C.-based Source Recycling LLC.

  • Umicore’s recycling profits hit by drop in metal prices Feb 07, 2014

    A "sharp drop" in metal prices took a toll on Umicore’s recycling business in 2013, with the segment logging a 23-percent decline in earnings before interest and tax (Ebit).

  • US steel trade deficit tumbles in 2013 Feb 06, 2014

    The U.S. iron and steel mill products trade deficit slid in 2013 from the previous year as metalliferous ores and scrap, copper and other nonferrous metals all fell, analysis of the latest U.S. Bureau of Economic Analysis data show.

  • Scrap prices cede more ground in Chicago Feb 06, 2014

    Ferrous scrap prices appear to be losing more ground as the week progresses, with several Midwest steel mills attempting to secure reductions in excess of the $30-per-ton drops achieved earlier in Detroit.

  • SOS gives PCC access to titanium scrap revert Feb 06, 2014

    The acquisition of SOS Metals Inc. has brought Precision Castparts Corp. access to long-term titanium scrap revert agreements, while also providing an "outlet" for the aircraft aluminum scrap generated by its own operations, Mark Donegan said.

  • Schupan eyes growth, hires scrap veterans Feb 06, 2014

    Schupan & Sons Inc. has hired two scrap industry veterans to help lead its growing industrial recycling division.

  • Discounts on copper scrap dip in February Feb 06, 2014

    Discounts for several grades of copper scrap slipped Feb. 6 as sources said wintry weather conditions across much of the country were beginning to impact supply and material flow.

  • Steel scrap processor still operating under Keywell name Feb 06, 2014

    While the bankrupt specialty steel scrap processor formerly known as Keywell LLC has changed its name to SGK Ventures LLC for legal reasons, Keywell’s assets continue to operate as Keywell Metals LLC under the ownership of investment firm Prophet Equity LP, the firm’s managing director has confirmed.

  • Benlee founder Bill Wolok dies at 84 Feb 06, 2014

    Bill Wolok, a scrap metal recycler and hauler who founded Benlee Inc., died Feb. 5. He was 84.

  • Detroit market plunges on strong scrap supply Feb 05, 2014

    Detroit-area steel mills have quashed early dealer resistance and pushed ferrous scrap prices down significantly.

  • CMC could face class-action lawsuit Feb 05, 2014

    Commercial Metals Co. (CMC) could be facing a class-action lawsuit from a group of residents near its Tulsa, Okla., shredding facility who claim that explosions at the shredder have damaged their property.

  • Japan's scrap prices to rise after Feb.; exports up: BIR Feb 05, 2014

    Japan’s ferrous scrap demand is holding steady as its economy recovers, with market prices seen resuming an upward trend after February, according to a quarterly Bureau of International Recycling (BIR) report.

  • Ferrous scrap market prepares for battle Feb 04, 2014

    Persistent winter storms across much of the United States and a slight uptick in bulk export activity have tempered speculation on February ferrous scrap prices as the Midwest market prepares to trade.

  • Bankrupt Keywell to operate as SGK Ventures Feb 04, 2014

    Bankrupt specialty steel scrap processor Keywell Metals LLC has changed its name to SGK Ventures LLC, according to documents filed Feb. 3 in U.S. Bankruptcy Court in Illinois.

  • Scrap export prices fall on weak demand, lira Feb 04, 2014

    Prices for U.S. bulk ferrous scrap shipments to Turkey dropped for the second time in a week as poor demand and a weak Turkish currency continued to affect exporters.

  • Idaho recyclers look to alter scrap metal law Feb 04, 2014

    A coalition of Idaho recyclers has proposed amendments to a state scrap metal purchasing law that would ease transaction record requirements and exempt scrap metal businesses from being charged with a felony for violating provisions of the law.

  • Supply crimp buoys aluminum scrap Feb 04, 2014

    Secondary aluminum smelters’ scrap prices were mostly steady Feb. 3 despite aluminum’s drop to a more than four-and-a-half-year low on the London Metal Exchange.

  • PSC’s lockout in Cleveland ends, Canton union still out Feb 04, 2014

    Unionized workers who were locked out of one of PSC Metals Inc.’s Ohio facilities returned to the job Feb. 4 after agreeing to company demands in contract talks.

  • Stainless scrap prices continue to drop Feb 04, 2014

    Stainless steel scrap prices continued to drop this week, responding to softening London Metal Exchange nickel prices that have further cooled from January’s rally, market participants told AMM.

  • Fla. recycler files for Chapter 11 bankruptcy Feb 04, 2014

    A Florida metal recycler has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Florida.

  • Tokyo Steel further reduces its scrap purchasing prices Feb 04, 2014

    Tokyo Steel Manufacturing Co. Ltd. has again reduced its ferrous scrap buying prices effective with deliveries to its facilities beginning Feb. 5.

  • Tampa Port rebrands, but steel still core Feb 03, 2014

    The Port of Tampa has a new name, a new logo and a newly launched rebranding effort—one keyed to capitalize on the "sweet spot" location of what now goes by the name Port Tampa Bay, only a short trip by ship to Mexico and the closest U.S. port to the Panama Canal.

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