Scrap

• Slow offshore demand bites W. Coast prices Mar 15, 2013

  Prices for containerized ferrous scrap exported from the West Coast fell this past week due to a drop in demand from buyers in key consumer markets like Taiwan, South Korea and China.

• Container shipments to India remain scarce Mar 15, 2013

  A stronger U.S. scrap market and higher freight costs off the East Coast have combined with dismal demand from India to continue a stalemate in containerized ferrous scrap exports.

• Some mill-grade aluminum scrap prices up Mar 15, 2013

  Prices for some grades of mill-grade aluminum scrap rose March 14 as market participants noted that a recent recovery in terminal markets had helped support secondary tags.

• Idaho may step up scrap record-keeping Mar 15, 2013

  Idaho legislators are considering changing an existing law to increase record-keeping for nonferrous scrap purchases.

• Nevada mulls bill requiring online report of scrap buys Mar 15, 2013

  Nevada metal recyclers could be required to report transactions electronically if a recently introduced bill is approved.

• Tokyo Steel scrap buying price at 1-year high Mar 15, 2013

  Tokyo Steel Co. Ltd. has raised its scrap purchase prices for a second time within a week to the highest level since March 2012 in response to a large jump in the latest export auction prices.

• April ferrous scrap prices could trend lower Mar 14, 2013

  It has been only a week since ferrous scrap prices in the benchmark Chicago area settled for March, but some market participants are already making forecasts for April: a sideways to slightly down pricing environment, depending on the region, following this month’s double-digit bounce.

• Ferrous scrap exports reach all-time Jan. high Mar 14, 2013

  The U.S. ferrous scrap export market kicked off the new year with record January shipments after the appetite of its biggest offshore consumer improved significantly.

• US copper scrap discounts narrow Mar 14, 2013

  Discounts for some grades of copper scrap narrowed March 13 as sources on both sides of the market continued to express concern about weak scrap inflows.

• Scrap rise piques CME futures interest Mar 14, 2013

  A sharp spike in physical ferrous scrap prices this month has sparked renewed interest in the ferrous scrap futures market as investors came off the sidelines in the nick of time to capitalize on the pricing jump.

• Texas legislation advocates use of EF slag on roads Mar 14, 2013

  A Texas congressman is pushing state legislation that would promote the use of electric-arc furnace (EF) slag and recognize it as being as beneficial as blast furnace slag on roads.

• Rumors ‘not helpful’ for scrap mart: Severstal NA’s Shivaram Mar 14, 2013

  The U.S. scrap market "is the most opaque in the world, and rumors influence the price more than supply and demand because the industry loves to gossip," according to Severstal North America Inc.'s general manager of metallics purchasing Sachin Shivaram.

• Ferrous scrap export prices get small lift Mar 13, 2013

  Prices for bulk ferrous scrap exports to Turkey gained a few dollars this week as Turkish mills returned to the market to fill inventories.

• Two workers arrested at SC scrapyard in scale ticket scheme Mar 13, 2013

  Three employees and two customers at Don’s Car Crushing in South Carolina have been arrested and face charges of falsifying scale tickets and overpaying for material.

• China cracking down on waste imports Mar 13, 2013

  China is taking a harder line on imports of solid waste, with shipments facing increased scrutiny and supervision from Chinese customs officials, sources have told AMM.

• Indiana recyclers offered $500,000 in matching grants Mar 13, 2013

  Metal recyclers in Indiana planning to make capital expenditures have until June to apply for $500,000 in grants being awarded by the state.

• Alpert & Alpert hires Alan Dick as president Mar 13, 2013

  Alpert & Alpert Iron & Metal Inc. has hired Alan Dick as president, effective April 1. He replaces Alan Alpert, who will assume a new role as president of Alpert Group LLC.

• Shipping scrap by rail poses a growing set of challenges Mar 13, 2013

  Shipping scrap by rail poses a variety of challenges, and some new stumbling blocks could emerge in the near future, an executive at one of North America’s largest providers of rail products and services said.

• Behr Iron & Metal closer to buying Ill. recycler Mar 12, 2013

  Behr Iron & Metal Co. has gained some traction in its quest to purchase a metals recycling operation in Illinois that could provide feedstock for one of its three auto shredders.

• US aluminum alloy prices shrug off Nasaac drop Mar 12, 2013

  Domestic prices for secondary aluminum alloys remain unchanged even as the London Metal Exchange’s cash North American special aluminum alloy contract (Nasaac) plummeted March 11 to its lowest level since June 2010.

• High scrap exports, low stocks breed volatility Mar 12, 2013

  U.S. ferrous scrap exports and low scrap inventories at domestic mills are contributing to volatility in both supply and prices, according to speakers at a Chicago conference.

• Stainless scrap prices hold on tight supply Mar 12, 2013

  Stainless scrap processor buying prices have held steady amid waning demand and tight supply, and market sources say some dealers are holding material until prices improve.

• PSC Metals eyeing new Pa. scrapyard Mar 12, 2013

  PSC Metals Inc. is moving ahead with plans to open a new scrapyard in northwestern Pennsylvania after being granted the necessary approval.

• Midwest Ferrous Scrap Index springs upward Mar 11, 2013

  Steady demand from steel mills and some supply-side concerns heightened by a snowstorm sent ferrous scrap prices in the Midwest nearly 10 percent higher on obsolete grades in March.