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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.
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An unidentified man was killed in an accident at a Sims Metal Management Ltd. facility Wednesday.
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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.
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U.S. ferrous scrap export prices inched higher this week as Turkish mills continued to fill inventories.
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Battery Solutions Inc. has appointed Michael Profit as chief executive officer following an investment from Alston Capital Partners LLC.
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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.
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The Maine Department of Environmental Protection (DEP) has reached consent agreements with two metals recyclers for alleged hazardous waste violations.
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Brazil’s exports of ferrous scrap increased significantly last year, driven by growing demand from countries in Asia.
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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.
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K. Alan Dick, executive vice president and chief executive officer of global recycling at Aleris International Inc., is leaving the company.
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Schnitzer Steel Industries Inc. has invested about $28 million to expand its auto parts business over the past two months.
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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.
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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.
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Stainless scrap prices have risen due to improved mill demand, although some sources assert that they have failed to see a pickup.
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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.
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Mill-grade aluminum scrap prices have logged some hefty declines while secondary aluminum scrap and alloy prices remain largely unchanged as strong demand and reports of tightening scrap flows lend support.
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A scrap industry veteran who made his mark on the New York area has passed away at the age of 101.
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Due to a reporting error, a story in the Jan. 8 edition incorrectly stated the production capacity of Owl’s Head Alloys Inc.’s new secondary aluminum ingot line. The line will have a capacity of 3 million pounds per month, with potential to expand.
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Midwest ferrous scrap prices have settled sideways for January as dealers gave in to mills’ demands for unchanged prices to kick off the year, bucking historical trends.
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Three new bulk ferrous scrap sales to Turkey off the East Coast were concluded late last week, sending prices upward after a two-week lull.
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Owl’s Head Alloys Inc. is adding a secondary aluminum ingot casting line at its Bowling Green, Ky., facility as it seeks to boost its A380.1 output.
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A secondary lead refining company has confirmed that it signed a series of 2013 contracts using a “cost-plus” pricing model, saying that it wouldn’t be able to “stand the losses that (it) had last time.”
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U.S. scrap prices are expected to gain some strength during the current quarter despite a sluggish start to the market in 2013, according to Commercial Metals Co. (CMC) chairman, president and chief executive officer Joseph Alvarado.
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Ferrous scrap buying in the Midwest began in earnest Friday as several steel mills in the region entered the market at prices mostly sideways from December.