Scrap RSS

  • W. Coast bulk scrap export tags poised to fall May 19, 2014

    West Coast bulk ferrous scrap export prices are under pressure after bid and offer price ranges dropped in line with fading demand.

  • Metals theft claims fall for third year in row May 19, 2014

    Metals thefts might be on the decline in the United States, aided by recent state legislation aimed at cracking down on such thefts, according to a report from the National Insurance Crime Bureau (NICB).

  • AIM idles Montreal auto shredder May 19, 2014

    American Iron & Metal Co. Inc. (AIM) has temporarily idled one of its four Canadian auto shredders and laid off some workers due to production consolidation amid currently poor market conditions.

  • Harsh winter sends Aleris into red in qtr. May 16, 2014

    Aleris International Inc. fell into the red in the first quarter due to severe winter weather conditions, a volatile Midwest premium and a weaker U.S. dollar.

  • Aluminum scrap tags mixed on weak exports May 16, 2014

    Secondary aluminum scrap prices were mixed this past week as export demand in particular was said to be tepid.

  • Vermont recycler seeking to relocate May 16, 2014

    A Vermont recycler is planning to relocate one of its yards within the same town to help improve its operations.

  • Grimmel forced to leave scrap facility at NH port May 16, 2014

    Grimmel Industries LLC must vacate its Portsmouth, N.H., port facility by the end of this year after port officials voted unanimously not to renew the recycler’s lease and operating agreement.

  • Nonferrous scrap exports disappoint again May 16, 2014

    Nonferrous scrap exports in March continued their disappointing start to the year, according to the latest U.S. Commerce Department data.

  • Cronimet files suit vs. Keywell Metals May 15, 2014

    Cronimet Corp. and two former employees of bankrupt specialty steel scrap processor Keywell LLC are suing Keywell Metals LLC—the new company formed in the wake of the company’s bankruptcy—to halt enforcement of noncompete agreements that prevent the two men from working for Cronimet.

  • Some copper scrap spreads tick up May 15, 2014

    Spreads on some grades of copper scrap widened slightly this week as the terminal market experienced an upswing, market participants said.

  • Turkey, India scrap tags steady, Far East weak May 15, 2014

    U.S. ferrous scrap export markets recorded a mixed week as bulk shipment tags to Turkey and containerized scrap prices to India held steady while demand from Far East Asia dropped to send West Coast export prices lower.

  • Weather, soft margins add to Metalico loss May 15, 2014

    Metalico Inc. fell deeper into the red in the first quarter due in part to harsh weather and disappointing margins.

  • Ohio recycler ordered to close May 15, 2014

    A Salem, Ohio, metal recycler has been ordered to shut down for operating in an area where recycling is prohibited.

  • Azcon sues Metal Recycling Systems for scrap payments May 14, 2014

    Azcon Inc. has filed a $1.2-million lawsuit against Metal Recycling Systems Inc. for allegedly failing to pay for scrap metal.

  • ISA’s loss widens in 1st qtr. on weak revenue May 14, 2014

    Industrial Services of America Inc.’s (ISA’s) net loss widened in the first quarter due in part to weaker revenue and lower pricing.

  • Harold Stamps retires from Progress Rail May 14, 2014

    Harold Stamps, managing director of Progress Rail Services Corp., has retired after nearly 40 years in the scrap metals realm.

  • Zorba buyer exit could push prices downward May 14, 2014

    The availability of zorba, a nonferrous auto shred, could increase in the Midwest market following Metal Recycling Systems Inc.’s exit from the region.

  • US ferrous scrap prices to Turkey hold May 13, 2014

    Prices for U.S. bulk ferrous scrap exports to Turkey showed some weakness in deals concluded this week, although at least two sales reportedly held on to earlier May values.

  • Sims closing Dallas e-cycling facility May 13, 2014

    Sims Recycling Solutions (SRS) will close it Dallas facility by the end of July, when its lease there expires, and consolidate the operations into other SRS facilities in Nashville, Tenn., and Tucson, Ariz., a company spokesman confirmed.

  • Kuwait, Peru leading destinations for US shredded May 13, 2014

    Kuwait and Peru were among the top five trade routes for U.S. shredded steel scrap in the first quarter as exporters pushed to secure sales to nontraditional consumers in a depressed market, U.S. Commerce Department data show.

  • Mill-grade aluminum scrap tags move higher with LME May 13, 2014

    Secondary aluminum scrap prices recorded a mixed start to the week of May 12, as some grades increased while others remained flat.

  • Stainless scrap up; nickel volatility stirs fears May 13, 2014

    Stainless scrap prices have rebounded this week as London Metal Exchange nickel prices rallied to their highest level in more than two years, leaving scrap market participants nervous about continuing price volatility.

  • NH auto recycler facing closure May 13, 2014

    A Salem, N.H., auto salvage yard and metals recycler is facing the possibility of being shut down because residents are complaining that the business is a nuisance.

  • PSC Metals hires senior buyer for Columbus region May 13, 2014

    PSC Metals Inc. has hired Nikhil Karnavat to serve as senior buyer of its Columbus region.

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