Scrap

• CME scrap futures hit after sideways move Jan 11, 2013

  An unusual turn in the domestic ferrous scrap market in January might have contributed to a dampening in recent settlement prices for the first U.S. ferrous scrap futures contract.

• ArcelorMittal sells two Canadian yards Jan 11, 2013

  ArcelorMittal SA has sold two scrap facilities in Canada to a large metals recycling company, sources have told AMM.

• Mill-grade aluminum scrap prices up Jan 11, 2013

  Free-market mill-grade aluminum scrap prices increased Thursday as the London Metal Exchange recovered from its Monday plunge, although some scrap buyers reported difficulty in obtaining material due to tight flows.

• Ferrous Scrap Index sideways in unusual Jan. Jan 10, 2013

  AMM’s Midwest Ferrous Scrap Index settled sideways for the second consecutive month in January as supply and demand realities forced a diversion from the traditional seasonal trend.

• Sanders, Stannum settle suit over ‘Razor’ patent technique Jan 10, 2013

  Lead recycler Sanders Lead Co. Inc. and Stannum Group LLC, Stannum International LLC, and S.P. Metals Inc. have reached a settlement over a lawsuit concerning the enforcement of a patent for a lead-refining technique.

• Maryland salvage yard under review Jan 10, 2013

  W&C Property Management LLC is seeking approval to open a salvage yard in Hyattsville, Md.

• Stainless steel scrap buying prices rise Jan 10, 2013

  Stainless scrap consumer buying prices have risen on the back of stronger nickel prices in December and restocking by stainless mills, although some processors say demand in the new year has nonetheless been below expectations.

• Tenn. recycler may be forced to close its doors Jan 10, 2013

  A local planning agency has recommended denial of Kan Metal Recycling’s requests for rezoning and an operating permit, which could force the Chattanooga, Tenn., scrap metal feeder and processing yard to close its doors.

• Chinese alumina imports surge Jan 10, 2013

  China’s imports of alumina and copper scrap rose last year, with alumina more than doubling to 5.02 million tonnes while copper scrap gained 3.7 percent from 2011 to 4.86 million tonnes, customs data show.

• Tokyo Steel hikes scrap purchasing prices Jan 10, 2013

  Tokyo Steel Manufacturing Co. Ltd. has raised its scrap purchasing prices by 500 to 1,000 yen ($6 to $11) per tonne for deliveries to its five works effective Thursday.

• Sims customer killed in scrapyard accident Jan 09, 2013

  An unidentified man was killed in an accident at a Sims Metal Management Ltd. facility Wednesday.

• Europe, Asia key to scrap export market's rise Jan 09, 2013

  The U.S. ferrous scrap export market is likely to perform better this year as confidence in the economies of China, Europe and the United States improves, according to Schnitzer Steel Industries Inc.’s top executive.

• Turkish buys lift US ferrous export tags further Jan 09, 2013

  U.S. ferrous scrap export prices inched higher this week as Turkish mills continued to fill inventories.

• Battery Solutions taps Profit chief exec after investment Jan 09, 2013

  Battery Solutions Inc. has appointed Michael Profit as chief executive officer following an investment from Alston Capital Partners LLC.

• RI city steps back on 10-day tag and hold Jan 09, 2013

  City council members in Providence, R.I., have softened their stance on proposed metals recycling restrictions but are still expected to finalize new, stiffer rules for recyclers by the end of the month.

• Maine agency, recyclers in accord on waste problems Jan 09, 2013

  The Maine Department of Environmental Protection (DEP) has reached consent agreements with two metals recyclers for alleged hazardous waste violations.

• Brazil’s ferrous scrap exports up 71.7% in 2012 Jan 09, 2013

  Brazil’s exports of ferrous scrap increased significantly last year, driven by growing demand from countries in Asia.

• Weaker scrap prices hit Schnitzer in fiscal qtr. Jan 08, 2013

  Schnitzer Steel Industries Inc.’s operating earnings fell 91.9 percent year on year to $1.2 million during its fiscal first quarter, with the company citing lower scrap prices and compressed margins, among other factors.

• K. Alan Dick leaving role as Aleris head of global recycling Jan 08, 2013

  K. Alan Dick, executive vice president and chief executive officer of global recycling at Aleris International Inc., is leaving the company.

• Schnitzer invests in auto parts business growth Jan 08, 2013

  Schnitzer Steel Industries Inc. has invested about $28 million to expand its auto parts business over the past two months.

• W. Coast ferrous scrap export prices soar Jan 08, 2013

  Strong demand for ferrous scrap from Taiwan and China and a big rebound in iron ore prices have sent West Coast export tags for containerized scrap shipments soaring more than $25 per tonne in the past two weeks.

• TMS enters into pacts in Europe, JV in Malaysia Jan 08, 2013

  TMS International Corp. has secured new overseas contracts with steel mills in Poland, Belgium and the United States as well as entered into a joint venture in Malaysia.

• Mill demand pickup lifts stainless scrap Jan 08, 2013

  Stainless scrap prices have risen due to improved mill demand, although some sources assert that they have failed to see a pickup.

• CRC takes lawsuit to US Appeals Court Jan 08, 2013

  CRC Scrap Metal Recycling LLC has taken to the U.S. Court of Appeals a lawsuit against its insurers over an indemnity claim arising from a scrap metals theft lawsuit brought against the company.