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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.
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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.
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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.
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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.
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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.
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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.
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PSC Metals Inc. is moving ahead with plans to open a new scrapyard in northwestern Pennsylvania after being granted the necessary approval.
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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.
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Domestic prices for shredded aluminum scrap, known as zorba, have weakened slightly since the start of March, but sources told AMM that higher demand and tighter supply kept tags from falling further in step with exchange prices.
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Mike’s Scrap Metal has requested a conditional-use permit to operate a metals recycling facility in Wisconsin.
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Chicago police located eight stolen school buses at a city metals recycling facility, with the owner arrested on unrelated charges.
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TKO Recycling expects to open its fourth California facility April 1 following the approval of a conditional-use permit by the Placer County Planning Commission.
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Minimal interest from Mexico and other export markets, coupled with little change in demand from Texas steel mills, has left scrap dealers disappointed as prices failed to gain the traction they had hoped for.
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The gap between iron and steel mill product imports and exports fell 12 percent in January vs. December as imports exceeded exports by just $574 million, according to U.S. Bureau of Economic Analysis data.
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Prices for most aluminum scrap grades remained steady March 7 as sellers headed for the sidelines in hope of seeing terminal markets recover from recent losses, sources told AMM.
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Metalico Inc. fell into the red last year due to higher raw material costs, lower volumes and lethargic pricing, but the company resolved the covenant issues it had been facing.
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A Northern Metal Recycling LLC employee is hospitalized with burns after being electrocuted.
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A snowstorm was all the Midwest ferrous scrap market needed to end a trading stalemate as most major markets settled March 7 after an earlier inability to reach a consensus.
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Upstate Shredding LLC-Ben Weitsman & Son Inc. has been denied a bid to purchase a scrapyard in Buffalo, N.Y.
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Copper scrap discounts remained largely unchanged at midweek as an ongoing supply shortage created increasingly difficult market conditions, market sources told AMM.
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Three men have been arrested in connection with a copper heist at a railyard in Pine Bluff, Ark., that caused $5.5 million in damage to 22 Union Pacific Railroad Co. engine cars, a local law enforcement official told AMM.
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Steel mills in the Detroit region broke the deadlock with scrap sellers March 6 after conceding to supplier demands, settling prices and tons within hours of putting out firm bids at higher prices than they originally targeted.
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Chinese steel mills remain on the sidelines of the international scrap market, unable or unwilling to pay higher prices.
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Prices for deoxidized aluminum were relatively flat in February, with market participants telling AMM that tightness in scrap coupled with lower quotes from steel mills continued to present significant headwinds for maintaining profitability.