Scrap

  • Correction: Ferrous bulk export prices lose more ground Sep 18, 2014

    A story posted to AMM’s website Sept. 17 on bulk ferrous scrap export prices should have said that at $370 per tonne c.i.f. Turkey, prices for an 80/20 mix of No. 1 and No. 2 heavy melting scrap shipped from the East Coast are now down around $15 per tonne from a month ago on a delivered basis and are even weaker than that on an f.o.b. basis due to higher freight costs. The story incorrectly implied that the f.o.b. price had declined by a lesser amount.

  • Multi-material vehicles complicate scrap sorting Sep 18, 2014

    Multi-material vehicles present new challenges when it comes to sorting scrap left over from stamping, according to Honda Motor Co. Ltd. executives.

  • China slowdown weighs on copper outlook Sep 17, 2014

    A drop in copper demand from China will weigh on primary and secondary copper prices, but a brighter economic outlook in the U.S. will allay some fears, economists said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

  • Water rules, freight concerns for copper Sep 17, 2014

    Regulations put in place to control lead in drinking water continue to pose challenges for copper scrap consumers, market participants said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

  • Ferrous bulk export prices lose more ground Sep 17, 2014

    U.S. ferrous scrap bulk export prices have lost more ground with the conclusion of sales to South Korea and Turkey.

  • ISRI mulls updating, adding scrap metal specs Sep 17, 2014

    The Institute of Scrap Recycling Industries is considering updating an existing scrap metal specification and possibly making two additions, according to an industry player who participated in ISRI’s Commodities Roundtable in Chicago this week.

  • PSC Metals taps regional director Sep 17, 2014

    PSC Metals Inc. has promoted Jarod Hamilton to director of ferrous sales for the company’s northern region.

  • Stainless scrap prices fall, outlook bearish Sep 16, 2014

    Stainless scrap prices have resumed their downward trek as nickel prices tumbled and market players held a bearish outlook due to lingering weakness in end-user demand.

  • Ferrous scrap export prices feeling pressure Sep 15, 2014

    East Coast ferrous scrap prices are likely to come under pressure following two bulk cargo sales in a rising freight market that sent prices lower over the past week.

  • Sims executive Blake Kelley dies Sep 15, 2014

    Ralph Blake Kelley, an industry veteran and vice president of Sims Metal Management Ltd., has died after a 10-year-long battle with cancer. He was 60 years old.

  • Three companies to handle Roth Steel sale Sep 15, 2014

    Roth Steel Corp.’s assets and real estate are on the market, with three companies appointed to handle the sale.

  • Steel projects in South seen raising scrap costs Sep 15, 2014

    The construction of two steel mills in the southeastern United States could mean higher raw material prices and steeper freight costs for other producers in the area.

  • Mittal exec shares ABCs governing scrap buys Sep 12, 2014

    A handful of indicators influence how ArcelorMittal SA’s North American mills make raw material purchases each month, a company executive said, noting that the obsolete grades of scrap are more vulnerable to the uptick or exodus of the export market.

  • Scrap exports drive Ohio Valley mart: Metalico Sep 12, 2014

    Scrap prices in the Ohio Valley have been shaped by the East Coast export arena and formula-based pricing, one metals recycling executive said.

  • EMR sues shipper for botched scrap delivery Sep 12, 2014

    British scrap processor European Metal Recycling Ltd. (EMR) is suing a German shipping company after a scrap metal shipment, intended for delivery to Severstal North America LLC’s mill in Columbus, Miss., allegedly failed to reach its destination on time.

  • Schnitzer exec drafts a ‘to-do’ list for D.C. Sep 12, 2014

    Lawmakers in the United States need to embrace three areas to foster a healthier economic climate, according Schnitzer Steel Industries Inc.’s top executive.

  • Copper scrap dips, buyers wait for clarity Sep 11, 2014

    Copper scrap prices eased slightly this week, due in part to geopolitical uncertainty, a stronger dollar and slow manufacturing activity in the United States, according to market participants.

  • Bermco upgrade of Ala. smelting facility completed Sep 11, 2014

    Secondary aluminum alloy producer Bermco Aluminum has added capacity and completed a significant upgrade to its smelting facility in Birmingham, Ala.

  • Cost optimization key for melters Sep 11, 2014

    Optimizing scrap substitutes and controlling raw material costs continue to be chief concerns for steelmakers, according to industry executives.

  • Battery tags steady, but fall seen near Sep 10, 2014

    Prices for used automotive batteries are holding steady despite lower tags for primary and scrap lead as the "battery build" season prepares to go into full swing.

  • ASR appeals ruling in patent infringement suit Sep 10, 2014

    Advanced Steel Recovery LLC (ASR) has filed an appeal against a summary judgment in its lawsuit against X-Body Equipment Inc. and Jewell Attachments LLC regarding a patent for a scrap metal container loading system.

  • ISRI adds two board members Sep 10, 2014

    The Institute of Scrap Recycling Industries (ISRI) has added two industry veterans to its board of directors.

  • Toyota Tsusho to build N. American smelter Sep 09, 2014

    Toyota Tsusho Corp. has begun work on a large secondary aluminum smelting facility in North America, further boosting its play in the region’s automotive sector.

  • Atlas Metal & Iron employee dies in scrapyard accident Sep 09, 2014

    A worker at Atlas Metal & Iron Corp. died in an accident at the company’s scrap processing facility in Denver.

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