Scrap RSS

  • 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.

  • Indian scrap buyers return to US shores Mar 14, 2014

    A stronger Indian rupee has sparked the return of Indian mill buyers to U.S. and European shores as currency rates have allowed exporters to raise scrap prices to acceptable levels.

  • Scrap’s fall halted by Taiwan rebar sale Mar 14, 2014

    A late surge in sales for reinforcing bar in Taiwan has stopped a nearly weeklong decline in scrap prices to Taiwanese mills, AMM has been told.

  • Metalico sees challenges in 2014 Mar 14, 2014

    Higher buying prices for feedstock coupled with lower selling prices kept Metalico Inc. in the red at year-end, with challenges still ahead for this year, it said.

  • US bulk scrap export prices to Turkey rally Mar 13, 2014

    Export prices for U.S. bulk ferrous scrap shipped to Turkey have rebounded as demand trickled in amid a recovery in iron ore prices.

  • SC auto salvage yard reopens under new owner Mar 13, 2014

    A Conway, S.C., auto salvage yard has reopened under new ownership.

  • Copper scrap in flux after Comex fall Mar 12, 2014

    Discounts for most grades of copper scrap narrowed March 12 as buyers and sellers struggled to grasp the impact of steep declines in Comex copper prices, which have fallen nearly 8 percent since March 5.

  • Signals mixed as Turks eye export price rise Mar 12, 2014

    Turkish steel mills stayed away from ferrous scrap markets March 12 as contradictory data stemming from weaker iron ore prices and stronger foreign currency markets left many perplexed on the direction of prices.

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