Scrap

• Bulk scrap export prices slide on weak demand Feb 04, 2013

  U.S. bulk ferrous scrap export prices slipped on the East and West coasts last week as weak demand from key countries deflated support for previous levels.

• Prison sentences handed down in theft ring in Ohio Feb 04, 2013

  Five Ohio men have been sentenced for their roles in a scrap theft ring in the northeastern part of the state.

• Scrap futures interest rises in January Feb 04, 2013

  The scrap futures market last month showed its strongest performance since its launch as bearish sentiment and increased interest from new speculators brought new contracts.

• Radioactive scrap plan sounds alarms Feb 04, 2013

  A number of metal industry trade groups are rallying against a Department of Energy (DOE) proposal that some say could release up to 1 million tons of scrap from radiological areas.

• Turkish scrap imports rise as EF output increases in 2012 Feb 04, 2013

  Turkish scrap import volumes continued to grow in 2012 on increasing production from electric-arc furnaces (EFs), according to data released by the Turkish Statistical Institute.

• H. Kramer settles with EPA on alleged emissions violations Feb 01, 2013

  H. Kramer & Co. has signed a consent decree with the federal Environmental Protection Agency and the state of Illinois to resolve alleged violations of the Clean Air Act and state environmental regulations at the company’s copper smelting foundry in southwest Chicago.

• Ball net income falls despite sales increase Feb 01, 2013

  Ball Corp. logged a slight uptick in revenue in the fourth quarter, and the company expects continued growth despite "pricing headwinds in Asia" and the loss of 12-ounce-can production in North America.

• Mill-grade aluminum scrap prices inch up Feb 01, 2013

  Secondary mill-grade aluminum prices have risen in step with the London Metal Exchange, with market participants noting "high volumes and strong demand."

• Gerdau buys Virginia scrapyard chain Feb 01, 2013

  Gerdau Long Steel North America has completed its acquisition of a Virginia scrapyard chain as part of its strategy of owning assets near its melting facilities.

• Greer Recycling fires up new auto shredder Feb 01, 2013

  Greer Recycling Inc. has commissioned a new auto shredder in North Carolina, with the goal of providing a broader range of material to the 11 mills it can serve in the Carolinas and Virginia.

• LIRR workers face charges of stealing copper scrap Feb 01, 2013

  Fifteen Long Island Rail Road (LIRR) employees have been charged with stealing more than $250,000 worth of copper scrap from the railroad and selling it to a local scrap company, according to local media reports.

• CMR suspends shares, plans to dispute report Jan 31, 2013

  Shares in China Metal Recycling (Holdings) Ltd. (CMR), which claims to be the biggest scrap company in China, remained suspended for a fourth day Jan. 31 as the company prepared a response to allegations from a U.S.-based research company.

• Mexican scrap imports set to surge Jan 31, 2013

  Mexico will more than quadruple its ferrous scrap imports in the coming years as domestic collections fail to keep pace with the country’s rapid growth in steel production, according to one scrap company.

• SC scrapyard busted for copper buys: police Jan 31, 2013

  South Carolina recycler Highway 34 Recycling has had its license to purchase nonferrous materials suspended, according to Sgt. John Long of the Greenwood County Sheriff’s Office.

• US brass scrap prices rise as export demand picks up Jan 31, 2013

  Brass scrap prices have moved up as higher export tags are forcing domestic consumers to pay more to secure material, while prices for copper scrap remained unchanged.

• Bulk scrap export prices fall after two sales Jan 31, 2013

  U.S. ferrous scrap export prices for bulk cargoes are under pressure this week after a sale from the Gulf Coast and a second out of Canada were booked at values well below previous levels.

• Missouri mulls expansion of regulated scrap list Jan 30, 2013

  A bill working its way through the Missouri Senate would add catalytic converters to the state’s list of regulated materials.

• A123 Systems deal gains approval from CFIUS Jan 30, 2013

  The Committee on Foreign Investment in the United States (CFIUS) has given the go-ahead for Wanxiang America Corp. to acquire A123 Systems Inc.

• Scrap lead battery prices nudge upwards Jan 30, 2013

  Free-market scrap lead battery prices have increased slightly as moderately higher demand weakens supply.

• Maryland proposal requires hold on all scrap Jan 30, 2013

  Recyclers in Maryland plan to fight proposed legislation that would require buyers to hold purchases of all ferrous and nonferrous metals for three days.

• New Mexico bill targets sales of salvage vehicles Jan 30, 2013

  New Mexico auto recyclers will have to be licensed as sellers of salvage vehicles if a proposed bill aimed at preventing salvage cars from returning to the highways successfully makes its way through the legislature.

• Secondary aluminum facing tougher output requirements in China Jan 30, 2013

  China might soon double the minimum capacity required for companies to start secondary aluminum production.

• Oil spill lands Wash. recycler $405,000 fine Jan 29, 2013

  The owner of a recycling operation in central Washington state has been fined $405,000 for allegedly allowing thousands of gallons of oil to leak into the Columbia River while illegally scrapping a derelict barge, resulting in a massive cleanup effort.

• Scrap prices look sideways: OmniSource Jan 29, 2013

  Scrap prices are expected to mimic changes in order books at steel mills going forward as the February market appears willing to just roll over, according president and chief operating officer of Steel Dynamics Inc subsidiary OmniSource Corp. Russ Rinn.