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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.
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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.
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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.
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A bill working its way through the Missouri Senate would add catalytic converters to the state’s list of regulated materials.
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The Committee on Foreign Investment in the United States (CFIUS) has given the go-ahead for Wanxiang America Corp. to acquire A123 Systems Inc.
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Free-market scrap lead battery prices have increased slightly as moderately higher demand weakens supply.
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Recyclers in Maryland plan to fight proposed legislation that would require buyers to hold purchases of all ferrous and nonferrous metals for three days.
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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.
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China might soon double the minimum capacity required for companies to start secondary aluminum production.
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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.
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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.
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Rhode Island recyclers would face tighter restrictions on cash transactions if legislators pass a new bill aimed at curbing the theft of copper.
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Stainless scrap processor buying prices have declined as a lack of orders from consumers has impacted industry demand, according to traders.
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Mill-grade aluminum scrap prices slipped Jan. 28 in step with the London Metal Exchange, with market participants noting limited activity on worsening margins.
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Steel Dynamics Inc.’s fourth-quarter net income more than doubled to nearly $60.6 million from $30.2 million a year earlier, primarily due to a strong performance by its metals recycling division and improved demand for steel sheet from automotive and manufacturing.
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Early speculation about domestic ferrous scrap pricing points to a sideways-to-marginally-down market in February as participants wait for better cues on mill demand and scrap flows.
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Thin demand from Turkey for East Coast ferrous scrap and sustained demand from Asia for West Coast scrap sent export prices on the two coasts in opposite directions.
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The scrap futures market continues its sluggish growth pace, but volumes traded so far in January have already outpaced those in December.
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A former supervisor at a New Jersey Treasury Department warehouse has been found guilty of stealing surplus equipment and selling it as scrap.
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West Coast export prices for containerized ferrous scrap shed $5 per tonne this past week ahead of February’s Chinese New Year holiday.
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Mill-grade aluminum scrap prices have risen in step with tags on the London Metal Exchange, with market participants noting renewed bullish sentiment.
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Boosting U.S. steel production while consuming raw materials, such as ferrous scrap, domestically rather than shipping them overseas will shrink the U.S. trade deficit while generating more tax revenue, according to a joint analysis by two trade groups.
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The European Commission’s proposal to categorize copper scrap as waste unless it is at least 98-percent pure copper represents a missed opportunity to reduce the administrative burden of treating and trading scrap in the European Union, according to scrap processors and traders.
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The Binational Panel of the North American Free Trade Agreement (Nafta) has completed its review of the U.S. Commerce Department’s final determination concerning stainless steel sheet and strip in coils imported from Mexico.