Scrap RSS

  • Metal Recycling Systems' assets for sale May 28, 2014

    A Chicago-area metals recycler that closed its doors last month is auctioning off its assets and exiting the business.

  • Sims Metal’s Kelman taking position at UK unit May 28, 2014

    Robert A. Kelman, president of Sims Metal Management Ltd.’s North America Metals division, has accepted a position at the recycler’s operations in the United Kingdom.

  • Auto recycler facing water pollution lawsuit May 27, 2014

    A New Hampshire automobile salvage yard is being sued by an environmental group for alleged violations of the federal Clean Water Act.

  • Tight supply keeps bulk scrap export prices firm May 27, 2014

    Bulk export prices for ferrous scrap remained unchanged this past week as Asian buyers were still absent from the market and Turkish mills booked three cargoes from the Baltic states and Russia.

  • R2 Solutions unveils reforms to program May 23, 2014

    Electronics recycling certification body R2 Solutions has introduced a series of proposed actions that are meant to "raise the integrity" of the R2 standards.

  • Schnitzer warns scrap prices will hit results May 23, 2014

    Schnitzer Steel Industries Inc. is warning investors that its upcoming quarterly financial results will feel the sting of downward pressure on scrap metal selling prices.

  • PSC Metals taps nonferrous exec May 23, 2014

    Metals recycler PSC Metals Inc. has named LeAnne Johnson as director of nonferrous sales.

  • Aluminum alloys swing higher on Nasaac spike May 22, 2014

    Secondary aluminum alloy prices jumped May 22 following an unexpected rise in London Metal Exchange contract prices for North American secondary alloy.

  • PSC Metals taps interim manager May 22, 2014

    PSC Metals Inc. has named Jarod Hamilton interim general manager of the recycler’s Beaver Falls, Pa., auto shredder facility.

  • India elections boost ferrous scrap prices May 22, 2014

    U.S. ferrous scrap export prices to India rose this week as markets welcomed the country’s election of a pro-business prime minister, which led to a strengthening of the Indian rupee.

  • Copper scrap discounts slip as purchases rise May 22, 2014

    The spread on No. 1 copper scrap narrowed this week due to more aggressive buying from mills, with end market demand improving heading into summer.

  • Hayes selling scrapyards under Ch. 11 May 22, 2014

    Hayes Iron & Metal Inc. has found buyers for two scrapyards and is preparing to sell a third facility as part of its bankruptcy proceedings.

  • Memorial Day holiday notice May 22, 2014

    AMM’s offices will be closed Monday, May 26, in observance of Memorial Day, and there will be no issue dated Tuesday, May 27. The New York Mercantile Exchange and the London Metal Exchange are also closed.

  • China’s ferrous scrap imports dip May 22, 2014

    China’s ferrous scrap imports declined 8.4 percent to 227,101 tonnes in April from 248,018 tonnes the previous month and were down 59.4 percent from a year earlier, according to Chinese customs data released May 22.

  • Scrap battery demand boosts prices May 22, 2014

    Battery manufacturers restocking inventories for the summer have provided strong demand for recycled batteries, pushing prices higher over the past month.

  • Texas recycler plans to relocate May 21, 2014

    A Garland, Texas, metal recycler is preparing to move to a larger location to accommodate its growth.

  • S. Africa’s clampdown on exports sparks anger May 20, 2014

    South Africa’s latest effort to control scrap exports could trigger a spike in demand for U.S. ferrous scrap, send U.S. prices higher and impact American steel producers, while South African mills benefit from a protectionist measure, according to containerized scrap traders.

  • Secondary aluminum prices tick up in step with demand May 20, 2014

    Some secondary aluminum scrap prices rose slightly May 20 amid improved demand.

  • Lawsuit emerges from Roth Steel bankruptcy May 20, 2014

    Roth Steel Corp.’s bankruptcy filing has spawned a lawsuit by a family member who claims she is owed $5.5 million.

  • Stainless scrap fluctuates as market eyes LME May 20, 2014

    Stainless scrap prices continue to fluctuate due to volatile London Metal Exchange nickel tags, with scrap market participants noting a lull in activity at the start of the week as suppliers waited for nickel to return to the 27-month highs seen last week.

  • Two accused of scrapping post office carts May 20, 2014

    A Maryland grand jury has indicted two men on theft and conspiracy charges for allegedly stealing $2.2 million worth of aluminum carts from the U.S. Postal Service and selling them for scrap.

  • WMR buys Sims’ Utah facilities May 19, 2014

    Sims Metal Management Ltd. is exiting the Utah market, selling its two facilities to a David J. Joseph Co. (DJJ) subsidiary.

  • W. Coast bulk scrap export tags poised to fall May 19, 2014

    West Coast bulk ferrous scrap export prices are under pressure after bid and offer price ranges dropped in line with fading demand.

  • Metals theft claims fall for third year in row May 19, 2014

    Metals thefts might be on the decline in the United States, aided by recent state legislation aimed at cracking down on such thefts, according to a report from the National Insurance Crime Bureau (NICB).

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