• Scrap market hurt by oversaturation Apr 07, 2014

    Scrap industry margins are being hurt by a saturation of scrap companies and shredders across most urban areas of the country, and are becoming one of the biggest concerns in the market.

  • Ferrous scrap export prices continue to climb Apr 07, 2014

    U.S. ferrous scrap export prices continued to rise this past week, with limited buying at stronger price levels.

  • Midwest scrap markets follow Detroit up $10/T Apr 04, 2014

    Midwest ferrous scrap markets appear to have followed in Detroit’s footsteps to settle well below previously anticipated increases.

  • Contract worker dies in accident at USS plant Apr 04, 2014

    A contractor’s employee was fatally injured at U.S. Steel Corp.’s Great Lakes Works while operating a crane early April 4, a company spokeswoman told AMM via e-mail.

  • Smelters’ aluminum scrap prices steady Apr 04, 2014

    Prices for aluminum smelters’ scrap were mostly steady April 3, with market participants noting that an increase in the domestic supply of nonferrous auto shreds twitch and zorba had prevented tags from moving in step with primary aluminum increases on the London Metal Exchange.

  • Waxman in prison after losing court appeal Apr 04, 2014

    Former scrap metal executive Robert Karey Waxman is now in prison after justices of the Court of Appeal for Ontario rejected his appeal.

  • Schnitzer Steel in the black in quarter Apr 03, 2014

    Schnitzer Steel Industries Inc.’s net income plummeted 79.3 percent in its fiscal second quarter vs. the same period a year earlier, but rebounded strongly from a loss in the preceding three-month period with increases in the average selling price and sales volumes for its ferrous scrap.

  • Prices for container scrap into Taiwan up again Apr 03, 2014

    Export prices for containerized ferrous scrap shipped to Taiwan rose for the third week in a row amid supply concerns and higher offers from major exporting countries such as the United States and Japan.

  • Midwest scrap falls short of expected gain Apr 03, 2014

    Midwest ferrous scrap prices are unlikely to increase this month by a previously speculated range of up to $30 per gross ton after early trading in some regions indicated big numbers had found little support.

  • Deox prices climb in March Apr 03, 2014

    Prices for aluminum deoxidant, or deox, continued to climb in March as a relatively tight scrap market, coupled with strong mill demand, led to "appreciable price advances" for the grade, producers said.

  • Aleris deal concerns scrap suppliers Apr 02, 2014

    A series of aluminum scrap suppliers have voiced concerns about the potential for restricted access to credit insurance for loads shipped to Aleris International Inc.’s facilities following the company’s $110-million acquisition of Nichols Aluminum LLC.

  • U.S. Steel outage could boost steel sheet prices Apr 02, 2014

    Steel market participants are growing increasingly nervous about supply-side dynamics as a result of an ongoing outage at U.S. Steel Corp.’s Great Lakes Works in Ecorse, Mich., with some saying the issue could lead to higher prices in the near term.

  • Novelis to fight for scrap, step up investments Apr 02, 2014

    Novelis Inc. is prepared to compete hard for scrap to meet its recycled content goals and increased automotive demand, a company executive said.

  • Albany mulls shredder permit for Upstate division Apr 02, 2014

    A division of Upstate Shredding LLC-Ben Weitsman & Sons Inc. is advancing its plan to install an auto shredder at the Port of Albany, N.Y.

  • More aluminum scrap needed: Scepter’s Scott Apr 02, 2014

    There has been a "drastic" decrease in the apparent supply of scrap in North America as more companies look to boost scrap usage, one industry executive said.

  • Sims Brothers names Casey executive Apr 02, 2014

    Sims Brothers Recycling has promoted Stanley E. Casey to chief financial officer, the company said in a statement April 1.

  • Stainless scrap steady despite LME nickel fall Apr 01, 2014

    Stainless scrap prices held steady this week despite lower nickel prices, with market participants citing continuing tightness in material availability and strong demand from stainless steel and alloy producers.

  • Junk wheel prices slip as supply picks up Apr 01, 2014

    Scrap aluminum wheel prices continued to roll lower March 31 on fluctuations in U.S. Midwest aluminum premiums coupled with a recent uptick in supply generated by inclement weather in February and March, sources said.

  • ISA targets buying as it looks for profitability Apr 01, 2014

    Industrial Services of America Inc. (ISA) says it has improved its scrap buying discipline and reduced expenses as it moves into 2014 after recording a significant deterioration in results last year.

  • BlueOak seeks permits to build Ark. facility Apr 01, 2014

    Steel industry veteran John D. Correnti’s plan to establish an electronic circuit board recycling facility in Osceola, Ark., is moving forward, with two permits in progress.

  • Ala. recycler to pay $1.27M in federal lawsuit Apr 01, 2014

    An Alabama metals recycler has agreed to pay $1.27 million to settle civil and criminal cases for allegedly structuring 16 bank account withdrawals in order to avoid federal reporting requirements.

  • SMS taps Goodwin executive vp of marketing Apr 01, 2014

    Scrap Metal Services LLC (SMS) has hired veteran Midwest mill buyer Todd Goodwin as executive vice president of marketing.

  • Mass. recycler convicted of failing to report toxic waste Mar 31, 2014

    A metal recycler has been convicted of failing to report the presence of contaminants at a Massachusetts scrapyard that were uncovered by a potential buyer.

  • Turkish election results seen as boon for scrap Mar 31, 2014

    Ferrous scrap trading in Turkey is expected to get a boost following the results of bitterly fought elections that brought a temporary halt to protest activity.

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