Scrap RSS

  • Supply crimp buoys aluminum scrap Feb 04, 2014

    Secondary aluminum smelters’ scrap prices were mostly steady Feb. 3 despite aluminum’s drop to a more than four-and-a-half-year low on the London Metal Exchange.

  • PSC’s lockout in Cleveland ends, Canton union still out Feb 04, 2014

    Unionized workers who were locked out of one of PSC Metals Inc.’s Ohio facilities returned to the job Feb. 4 after agreeing to company demands in contract talks.

  • Stainless scrap prices continue to drop Feb 04, 2014

    Stainless steel scrap prices continued to drop this week, responding to softening London Metal Exchange nickel prices that have further cooled from January’s rally, market participants told AMM.

  • Fla. recycler files for Chapter 11 bankruptcy Feb 04, 2014

    A Florida metal recycler has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Florida.

  • Tokyo Steel further reduces its scrap purchasing prices Feb 04, 2014

    Tokyo Steel Manufacturing Co. Ltd. has again reduced its ferrous scrap buying prices effective with deliveries to its facilities beginning Feb. 5.

  • Tampa Port rebrands, but steel still core Feb 03, 2014

    The Port of Tampa has a new name, a new logo and a newly launched rebranding effort—one keyed to capitalize on the "sweet spot" location of what now goes by the name Port Tampa Bay, only a short trip by ship to Mexico and the closest U.S. port to the Panama Canal.

  • Global demand, prices seen inching up: BIR Feb 03, 2014

    Ferrous scrap recyclers across the world expect demand and prices to recover gradually over the next few months, with elections in critical import countries expected to have a lasting impact on trade in 2014.

  • US zorba export prices steady Feb 03, 2014

    U.S. export prices for zorba, a nonferrous auto shred, have remained relatively stable over the past week, although exporters cautioned that weakening terminal markets coupled with the onset of the Chinese New Year Jan. 31 could lower prices over the next week.

  • Aluminum deox prices jump on scrap tightness Feb 03, 2014

    Producers of aluminum deoxidant, or deox, saw prices rise in January as elevated Midwest premiums coupled with a prolonged spat of winter weather across much of the Midwest and Northeast led to "a very real shortage of scrap," sources told AMM.

  • Former Annaco head Morris Berzon dies Feb 03, 2014

    Morris M. Berzon, former owner of Annaco Inc., died Jan. 30 after a long battle with Parkinson’s disease. He was 79.

  • PSC locks out union at two Ohio sites Feb 03, 2014

    PSC Metals Inc. has locked out unionized workers at two Ohio facilities after failing to reach labor agreements due to a dispute over health care.

  • Alpha sold to private equity firm Jan 31, 2014

    Powdered metal components maker Alpha Sintered Metals Inc. (ASM) has been acquired by private equity firm O2 Investment Partners LLC.

  • SMS acquires scrapyards in Indiana, Michigan Jan 31, 2014

    Scrap Metal Services LLC (SMS) has acquired Gary, Ind.-based Paul’s Auto Yard Inc. and its Coloma, Mich., subsidiary Shafer’s Auto Yard Inc., the company announced Jan. 31.

  • Texas scrap market seen bearish in February Jan 31, 2014

    An oversupply of scrap relative to anticipated demand will likely send Texas ferrous scrap prices down in February, according to early speculation.

  • Aluminum alloy A380.1 prices strengthen Jan 31, 2014

    Secondary aluminum alloy A380.1 prices edged higher in the past week as strong growth in the automotive sector continued to support the market.

  • Steel production, scrap demand to rise: MBR Jan 31, 2014

    U.S. crude steel production will increase 4 percent this year to about 90.5 million tonnes from 87 million tonnes in 2013, boosted by increased demand for industrial production and housing starts, according to Metal Bulletin Research (MBR).

  • USS furnace switch seen boon for Ala. scrap Jan 31, 2014

    Metal recyclers selling into the Alabama market will enjoy increased demand and a shift in the type of scrap consumed when U.S. Steel Corp. converts to electric-arc furnace (EF) steelmaking.

  • NY recycler facing $40,500 penalty after worker death Jan 31, 2014

    A Brooklyn, N.Y., recycler faces $40,500 in penalties following the death of a worker at its facility in July.

  • Former Cycle Systems exec looks to open Va. scrapyard Jan 31, 2014

    The former president of a Virginia scrapyard chain now owned by Gerdau Long Steel North America is making plans to open a new scrap and salvage yard.

  • Metal shipments delayed by severe weather Jan 30, 2014

    Snowstorms and sub-zero temperatures have delayed metal product shipments by up to five days in some regions, especially around the Great Lakes, and transportation and logistics companies expect they won’t be able to make up for lost business due to customer facility closures.

  • Police suspect arson at Sims facility Jan 30, 2014

    A fire at Sims Metal Management Ltd.’s shredding facility in Redwood City, Calif., in December might have been started deliberately, according to police and fire investigators.

  • Comex drop narrows some copper discounts Jan 30, 2014

    Discounts for some copper scrap grades narrowed slightly Jan. 29 as a combination of recent drops on Comex and a cold front across much of the country reduced overall supply, market participants told AMM.

  • US ferrous scrap export prices to Turkey decline Jan 30, 2014

    U.S. bulk ferrous scrap export prices fell more than $10 per tonne after an exporter bowed to pressure from a Turkish mill to lower prices.

  • US sues Wash. recycler for oil spill removal costs Jan 30, 2014

    A barge scrapper is being sued by the United States to recover removal costs and other expenses related to an oil spill into the Columbia River in Washington.

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