Scrap RSS

  • California looks at shredder, scrap bills Feb 25, 2014

    California legislators are considering a bill that would require waste from shredded automobiles to be regulated by the Department of Toxic Substances Control (DTSC), with the bill’s sponsor taking aim at Sims Metal Management Ltd.

  • Titanium recycler operations return after fire Feb 24, 2014

    A Phoenix titanium recycler said its operations have returned to normal following a Feb. 20 fire that destroyed a neighboring business.

  • S. Carolina metals recycler reopens under new owner Feb 24, 2014

    A Georgetown, S.C., metals recycler has reopened under new ownership as a franchise for a larger company.

  • ISA amends credit facility, regains compliance Feb 24, 2014

    Industrial Services of America Inc. (ISA) has regained regulatory compliance and improved its cash flow after reaching a deal with Fifth Third Bank to amend its credit facility.

  • Chicago grants permit for new auto shredder Feb 24, 2014

    Chicago could become home to a fourth auto shredder after the city’s Zoning Board of Appeals voted unanimously to grant the necessary permit to Pure Metal Recycling LLC.

  • Sims' Redwood plant faces fire safety directives Feb 24, 2014

    Sims Metal Management Ltd. has been issued a directive to implement more than a dozen fire safety measures at its Redwood City, Calif., scrap metal shredding facility.

  • Upstate wins OK to expand in Port of Albany Feb 24, 2014

    A division of Upstate Shredding LLC-Ben Weitsman & Son Inc. will lease an additional 12 acres at the Port of Albany, N.Y., after outbidding two competitors for the space.

  • Harsco aiming to slim down metals unit to reduce costs Feb 24, 2014

    Harsco Corp. doesn’t see any headwinds emerging for the steel industry but, still wading in red ink, plans to run its largest segment leaner this year.

  • Seattle recycler seeks to liquidate Feb 24, 2014

    A Seattle scrap metal recycler has filed for Chapter 7 bankruptcy liquidation in U.S. Bankruptcy Court in Washington state.

  • Former Keywell executives criticize lawsuit Feb 21, 2014

    The secured lenders and former executives of SGK Ventures LLC, the bankrupt specialty steel scrap processor formerly known as Keywell LLC, have responded to a multimillion-dollar lawsuit filed against them by unsecured creditors, disputing claims made in the suit and filing a motion calling for its dismissal.

  • Bulk scrap export prices dip; floor may be near Feb 21, 2014

    Prices for U.S. bulk ferrous scrap exports to Turkey slipped Feb. 20 as Turkish mills continued to book cargoes at attractive rates.

  • Auto recycler ready to add shredder in Montreal region Feb 21, 2014

    Competition for obsolete ferrous scrap in the Montreal region is set to increase with a new shredder preparing to begin operations in about a month.

  • Scrap aluminum wheel prices shift higher Feb 21, 2014

    Scrap aluminum wheel prices have risen slightly through mid-February, supported by diminished supply due to recent weather conditions across much of the country, market participants told AMM.

  • A380.1 aluminum alloy price hits 21-month high Feb 21, 2014

    Secondary aluminum alloy spot prices have hit a 21-month high due to what market participants are calling “an environment ripe for upward price movements.”

  • Copper scrap prices steady in quiet market Feb 20, 2014

    Copper scrap discounts were steady Feb. 19 as market participants said tepid trading activity and limited movement on terminal markets had quelled price volatility.

  • Scrap industry veteran Naporano dies Feb 19, 2014

    Naporano Iron & Metal Co. founder Andrew Naporano Sr. died Feb. 11 at the age of 100.

  • Titanium spot prices mired at low levels Feb 19, 2014

    While titanium spot prices remain mired at low levels, some buyers are nevertheless filling inventory holes at a brisker pace and scrap tags—seen by some as a harbinger of eventual price movement—appear to be firming.

  • Calif. bill seeking scrap fee to help curb theft Feb 19, 2014

    California scrap metal recyclers are eyeing a proposal from a state assemblyman to introduce a fee on scrap metal payments to help fund authorities targeting metal theft.

  • Bulk ferrous scrap export prices weaken Feb 19, 2014

    U.S. bulk ferrous scrap export tags continued to slide this week, with cargoes sold to South Korea, Taiwan and Turkey at depressed prices.

  • Supply crimp lifts aluminum scrap prices Feb 19, 2014

    Secondary aluminum smelters’ scrap prices increased Feb. 18, with market participants saying that a recent supply shortage, largely caused by inclement weather across much of the country, was bolstering the secondary market.

  • Stainless steel scrap prices tick up Feb 19, 2014

    Stainless steel scrap prices rose marginally this week, with market participants citing climbing nickel prices as well continuing tightness and weather-related logistical challenges.

  • RI recycler pulls out of lawsuit against Sims Metal division Feb 19, 2014

    One of the plaintiffs in a Racketeer Influenced and Corrupt Organizations (Rico) Act lawsuit against Sims Metal Management Ltd.’s New England division has pulled out of the litigation.

  • Metals recycling company owner slated for sentencing Feb 19, 2014

    The owner of a Thornton, Ky., scrap metals recycling company is scheduled to be sentenced in May after pleading guilty to structuring bank account withdrawals to avoid federal reporting requirements, according to documents filed in U.S. District Court in Kentucky.

  • US zorba export prices dip on slack sales Feb 18, 2014

    U.S. export prices for zorba, a nonferrous auto shred, have fallen since the start of February, with market players expressing concern over China’s continued lack of interest in the material.

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