Scrap RSS

  • April scrap sentiment turns positive Mar 21, 2014

    Midwest market sentiment on ferrous scrap prices for April has turned positive after logistical issues, coupled with weaker scrap flows due to delayed spring weather, resulted in delicate scrap inventory positions at several steel mills.

  • Former Sims exec launches new scrap trading business Mar 21, 2014

    A former Sims Metal Management Ltd. executive has teamed up with other Chicago veterans to form a company that will serve the steel foundry and scrap metal industries.

  • Secondary alloy prices mostly steady Mar 21, 2014

    Secondary aluminum alloy prices were mostly steady March 20, but sources said a downward trend might be developing due to sellers looking to move excess material by undercutting the market.

  • UBC prices rise as competition intensifies: mart Mar 21, 2014

    Prices for used beverage cans (UBCs) moved higher March 20, with market players noting that intense competition for material coupled with the emergence of buyers willing to “overpay the market” had made things challenging.

  • Harsco names Lundgren to head metals, minerals unit Mar 21, 2014

    Harsco Corp. has named Richard E. Lundgren Jr. as group president of its Harsco Metals & Minerals business effective April 7, the company said in a statement March 21.

  • Newell adds nonferrous capabilities at Ga. site Mar 21, 2014

    Newell Recycling LLC has expanded the scope of its services to meet local demand at one of its 12 sites in Georgia.

  • Brass scrap prices hit by weak demand Mar 20, 2014

    Prices for all grades of brass scrap moved lower March 19, with market participants saying weak export demand—namely from China—caused domestic supply to increase dramatically over the past two weeks.

  • W. Coast scrap export market seeks direction Mar 20, 2014

    West Coast containerized ferrous scrap exporters are divided on price direction following mixed cues from major offshore consumers.

  • Fla. recycler seeks approval for move to larger location Mar 20, 2014

    The owner of a Florida metals recycler plans to move and triple the size of his operation, having outgrown the existing facility.

  • Mich. bill advances, but sponsor notes flaws Mar 20, 2014

    The Michigan House of Representatives has passed a bill regulating ferrous and nonferrous scrap metal purchases, although one of the bill’s original sponsors has warned that it contains “loopholes” regarding cash payments.

  • Ohio scrap metal recycler sues IRS Mar 20, 2014

    An Ohio metal recycler is suing the Internal Revenue Service (IRS) for allegedly understating the total amount of money it seized and not returning the balance.

  • Crimea likely won’t hurt world economy Mar 20, 2014

    “Despite the uncertainty, we think it’s unlikely that this situation will lead to any significant economic events,” Kounis told attendees at Capital Link Inc.’s eighth annual Shipping Forum in New York.

  • AIM appoints two managers Mar 20, 2014

    American Iron & Metal Co. Inc. (AIM) has appointed a company executive to oversee one of its facilities and hired a scrap veteran to manage part of its business into the United States.

  • Bulk export prices to Turkey continue climb Mar 19, 2014

    U.S. bulk ferrous scrap shipments to Turkey gained a few more dollars this week as buyers pushed to elicit interest from exporters who were otherwise absent.

  • Ontario recycler in full receivership Mar 19, 2014

    A Hamilton, Ontario, metal recycler placed into temporary receivership under the Canadian Bankruptcy and Insolvency Act is now in full receivership, and the assets of the business will be distributed to creditors.

  • Scrap aluminum wheel prices dip, demand gains Mar 18, 2014

    Scrap aluminum wheel prices have fallen slightly since the start of March, with buyers beginning to see an influx of material from states impacted by weather-related issues in January and February, market participants told AMM.

  • Stainless scrap driven higher by LME nickel Mar 18, 2014

    Stainless steel scrap prices continued to rise across the austenitic grades this week thanks to steady demand and London Metal Exchange nickel prices that surpassed $16,000 per tonne, market sources said.

  • Aluminum alloy producers flummoxed by market Mar 18, 2014

    Secondary aluminum alloy prices held steady March 17, with buyers and sellers on the fence about the overall direction of the market.

  • Demolition company in Va. seeks Chapter 7 liquidation Mar 18, 2014

    A Virginia demolition company that recycled metal from dismantled bridges, barges and other large structures has filed for Chapter 7 liquidation in U.S. Bankruptcy Court in Virginia.

  • Conn. mulls metals theft law aimed at municipal property Mar 18, 2014

    Connecticut state legislators are considering a bill that would tighten existing metals theft legislation to try to prevent the unauthorized sale of municipal property to recyclers.

  • Zorba exporters turn to India as prices decline Mar 17, 2014

    U.S. export prices for nonferrous auto shred, or zorba, have continued to fall over the past two weeks, but sources noted that recent demand from Indian buyers could point to a stronger market in April.

  • Md. bill would ban recyclers from buying stripped copper Mar 17, 2014

    In an effort to discourage metal thefts, a Maryland state legislator has introduced emergency legislation that would ban scrap metal recyclers from purchasing copper wire that has had its insulation burned or stripped away.

  • Wis. county mulls new scrap law Mar 17, 2014

    Local Wisconsin officials are targeting metals theft, and will consider a new rule requiring metals recyclers to electronically report details of each transaction within a day.

  • Knowles named chief exec at Sims Brothers Recycling Mar 17, 2014

    Sims Brothers Recycling has promoted Scott Knowles to chief executive officer, succeeding Gary Sims.

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