Scrap RSS

  • Rich Metals back in business following fire Feb 12, 2014

    Rich Metals Co. resumed normal operations Feb. 12 at its Blue Grass, Iowa, scrap processing site after a fire the previous day.

  • Storm could cripple scrap flow in Southeast Feb 12, 2014

    Scrap flow has yet to be seriously impacted by a major winter storm across much of the southeastern United States, but companies in affected areas have prepared for the worst.

  • Presidents Day holiday notice Feb 12, 2014

    AMM’s offices will be closed Monday, Feb. 17, in observance of Presidents Day, and there will be no issue dated Tuesday, Feb. 18. The New York Mercantile Exchange also is closed Monday. London Metal Exchange prices for Feb. 17 will appear in the Feb. 19 issue.

  • Novelis push for scrap may disrupt mart: chief Feb 11, 2014

    With demand for automotive sheet growing exponentially, several aluminum producers have expressed concern that Novelis Inc. has been overpaying for scrap and effectively skewing the entire aluminum scrap market.

  • Stainless steel scrap prices reverse declines Feb 11, 2014

    Stainless steel scrap prices have rebounded after two consecutive weeks of declines, market participants told AMM, spurred by the London Metal Exchange’s nickel rally last week.

  • Ferrous scrap exports jump to four-month high Feb 11, 2014

    U.S. ferrous scrap exports rose to a four-month high in December, led by increased purchasing by Turkey and South Korea.

  • Lawmaker unveils website to fight metal theft Feb 10, 2014

    Arkansas state Rep. Kim Hammer has unveiled a metal theft reporting tool on his website intended to improve information-gathering in support of possible future legislation.

  • Midwest ferrous scrap prices sink in Feb. Feb 10, 2014

    Midwest ferrous scrap prices plummeted this month as mill buyers welcomed a push by exporters to send domestic prices down.

  • Bulk export tags fall, sparking sales to Turkey Feb 10, 2014

    Tumbling U.S. bulk ferrous scrap export prices to Turkey have triggered an increase in sales to the country, with the latest sales bringing to seven the number of cargoes booked over the past week.

  • Minnesota recycler to open 2d facility Feb 10, 2014

    Metal recycler Jacks Salvage has been granted permission to open a second facility in Minnesota.

  • Georgia firm seeks to open scrapyard Feb 10, 2014

    SNE Family Farm Holdings LLC is seeking to have 1.72 acres in Dallas, Ga., rezoned for heavy industrial use in order to open a metal and asphalt recycling facility.

  • Chicago scrap prices sink on cloudy outlook Feb 07, 2014

    Uncertainty on a reasonable floor price for prime scrap in Chicago has resulted in large tonnages being secured on a price-to-be-determined basis as steel mills seek more time to settle final prices.

  • Strong auto demand lifts A380.1 prices Feb 07, 2014

    Prices for secondary aluminum alloy A380.1 continued to climb Feb. 6, bolstered by a number of factors, including higher raw material costs and robust demand from the automotive sector, according to market sources.

  • Clarification: Schupan eyes growth, hires scrap veterans Feb 07, 2014

    An article in the Feb. 7 edition implied that Gary Curtis had most recently been employed at Terrapin Recycling LLC before being hired by Schupan & Sons. Curtis is currently an executive vice president at Clayton, N.C.-based Source Recycling LLC.

  • Umicore’s recycling profits hit by drop in metal prices Feb 07, 2014

    A "sharp drop" in metal prices took a toll on Umicore’s recycling business in 2013, with the segment logging a 23-percent decline in earnings before interest and tax (Ebit).

  • US steel trade deficit tumbles in 2013 Feb 06, 2014

    The U.S. iron and steel mill products trade deficit slid in 2013 from the previous year as metalliferous ores and scrap, copper and other nonferrous metals all fell, analysis of the latest U.S. Bureau of Economic Analysis data show.

  • Scrap prices cede more ground in Chicago Feb 06, 2014

    Ferrous scrap prices appear to be losing more ground as the week progresses, with several Midwest steel mills attempting to secure reductions in excess of the $30-per-ton drops achieved earlier in Detroit.

  • SOS gives PCC access to titanium scrap revert Feb 06, 2014

    The acquisition of SOS Metals Inc. has brought Precision Castparts Corp. access to long-term titanium scrap revert agreements, while also providing an "outlet" for the aircraft aluminum scrap generated by its own operations, Mark Donegan said.

  • Schupan eyes growth, hires scrap veterans Feb 06, 2014

    Schupan & Sons Inc. has hired two scrap industry veterans to help lead its growing industrial recycling division.

  • Discounts on copper scrap dip in February Feb 06, 2014

    Discounts for several grades of copper scrap slipped Feb. 6 as sources said wintry weather conditions across much of the country were beginning to impact supply and material flow.

  • Steel scrap processor still operating under Keywell name Feb 06, 2014

    While the bankrupt specialty steel scrap processor formerly known as Keywell LLC has changed its name to SGK Ventures LLC for legal reasons, Keywell’s assets continue to operate as Keywell Metals LLC under the ownership of investment firm Prophet Equity LP, the firm’s managing director has confirmed.

  • Benlee founder Bill Wolok dies at 84 Feb 06, 2014

    Bill Wolok, a scrap metal recycler and hauler who founded Benlee Inc., died Feb. 5. He was 84.

  • Detroit market plunges on strong scrap supply Feb 05, 2014

    Detroit-area steel mills have quashed early dealer resistance and pushed ferrous scrap prices down significantly.

  • CMC could face class-action lawsuit Feb 05, 2014

    Commercial Metals Co. (CMC) could be facing a class-action lawsuit from a group of residents near its Tulsa, Okla., shredding facility who claim that explosions at the shredder have damaged their property.

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