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Supply-side fundamentals prevented ferrous scrap prices from falling drastically for a third consecutive month after mills in Detroit traded at unexpected price levels June 4.
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Maine has loosened its scrap regulations to allow metal recyclers to use more methods of payment.
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Stainless scrap broker, processor and dealer buying prices have fallen, with weak June orders from consumers offsetting any gains in nickel prices on the London Metal Exchange.
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David Rosenberg, former president of City Iron & Metal Co. in Hastings, Neb., died June 1 at the age of 90—just one year short of the company’s centennial anniversary.
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Copart Inc. has picked up more than three dozen new salvage yards with its acquisition of Salvage Parent Inc., which operates at 39 locations in 14 states.
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Two men have been arrested in connection with a string of copper thefts at a drilling equipment manufacturing facility in Frierson, La.
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U.S. bulk ferrous scrap export tags fell at the start of June after logging declines during every week of May, as weak demand and a stronger dollar dictated market levels.
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Upstate Shredding LLC-Ben Weitsman & Son Inc. is seeking approval to install an auto shredder at its recent acquisition in New Castle, Pa.
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Prices for deoxidized aluminum weakened in May as slowing demand from steel mills caused heavy price competition among producers, sources said.
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A fresh analysis of a proposed ban on electronic scrap exports has reignited a bitter dispute between two e-cycling industry groups.
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Global trading house Trafigura AG/Nems (USA) Inc. is considering an entry into the U.S. secondary aluminum market, market sources said.
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Premier Recycle Co. has been sued by an environmental group over alleged violations of the federal Clean Water Act at its facility in San Jose, Calif.
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Mill-grade aluminum scrap prices strengthened May 30, in step with an increase in primary metal on the London Metal Exchange.
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Japan’s domestic scrap prices drifted lower for the seventh consecutive week, but there are few incentives for prices to fall or rise sharply.
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Discounts for most copper scrap grades remain on par with previous levels, with sources noting that demand from overseas consumers, coupled with domestic supply shortages, continues to buoy the market.
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U.S. ferrous scrap export prices continued to trend lower this week as market conditions for finished steel products remained bleak across the world.
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Andre Pujadas has been named president of PSC Metals Inc.’s northern operations, replacing Randy Ehret, who is no longer with the scrap processor and broker.
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A California environmental group has settled its Clean Water Act lawsuit against Los Angeles-based Glory Recycling Inc. and its wholly owned subsidiary, C&M Metals Inc.
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A new metals recycler plans to open an operation in Chaparral, N.M.
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Trademark Metals Recycling LLC (TMR) has tapped Mark Schaefer to serve as interim president, the company said May 29, also announcing various other appointments to replace departing executives.
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Schnitzer Steel Industries Inc. is warning investors that it will realize lower earnings in its fiscal third quarter due to declining selling prices, constrained supply trends and lower tax benefits.
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Triple M Metal LP is receiving Canadian $1 million ($965,082) in government support toward its new automobile shredder in Sault Ste. Marie, Ontario.
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The owners of a now-defunct recycling facility in San Francisco are facing a $10-million lawsuit that claims they willfully destroyed sales records in an effort to avoid inspection.
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Stainless steel scrap broker/processor buying prices were unchanged this week, with sources saying that scrap dealers are increasingly likely to hold onto material until profit margins improve.