Scrap

  • Midwest scrap market divided on July prices Jun 30, 2014

    Midwest steel mills likely will push for an unchanged ferrous scrap market in July despite pressure from suppliers for higher prices.

  • Ferrous scrap exports to Turkey hit lull Jun 30, 2014

    U.S. bulk ferrous scrap exports to Turkey are expected to hit a quiet period this week due to a price standoff between buyers and sellers.

  • Holiday notice Jun 30, 2014

    AMM’s offices will be closed Friday, July 4, in observance of Independence Day, and there will be no issue that day. The New York Mercantile Exchange also will be closed Friday. The London Metal Exchange will be open, and AMM will publish the LME’s July 4 prices in the July 8 issue.

  • Texas scrap broker sued by Malaysian recycler Jun 30, 2014

    A Malaysian metal recycler is suing a Texas scrap broker that allegedly failed to deliver wire shipments and instead sold the material to third parties.

  • CMC mulling relocation of San Antonio shredder Jun 27, 2014

    Commercial Metals Co. (CMC) could be seeking a new home for its recently bought Texas auto shredder.

  • Schnitzer sees iron ore prices rallying Jun 27, 2014

    Iron ore prices are more likely to recover in the coming months since a tighter supply of scrap has left very little room to for iron ore tags to trend lower, according to Schnitzer Steel Industries Inc.’s top executive.

  • Export prices for container scrap to Taiwan slip Jun 27, 2014

    Export prices for containerized ferrous scrap to Taiwan slipped this past week as mill demand receded following four weeks of gains.

  • Supply issues tighten copper scrap discounts Jun 26, 2014

    Tight supply conditions dominated the copper scrap market this week, and despite an uptick in terminal markets spreads on most grades of copper scrap tightened.

  • Schnitzer revenue falls amid lower scrap prices Jun 26, 2014

    Schnitzer Steel Industries Inc. recorded higher domestic ferrous scrap sales during its fiscal third quarter while export volumes fell, but the shift in destinations was unable to prevent total revenue from its ferrous sales from falling 16.8 percent compared with a year earlier.

  • US books ferrous scrap sale to Turkey Jun 26, 2014

    An East Coast bulk cargo sale of ferrous scrap to Turkey ended a two-week impasse between U.S. exporters and Turkish mills, with prices trending marginally higher.

  • Capital Scrap Metal OK’d to open Fla. yard Jun 26, 2014

    A Florida metal recycler has received approval to open its fourth facility in the state.

  • ISRI launches web resource to help combat metals theft Jun 26, 2014

    The Institute of Scrap Recycling Industries has launched a website to help combat metals theft.

  • Midwest scrap dealers look to boost July tags Jun 25, 2014

    Midwest ferrous scrap prices could recoup June’s declines when trading begins next week, according to early speculation by market participants.

  • Insolvent Ontario recycler’s shredder sold Jun 25, 2014

    Insolvent Ontario metals recycler Scrapmen & Boparai Trading Co.’s auto shredder and other assets have been sold for a mere Canadian $100,000 ($93,262).

  • Mixed wheel weights test recyclers Jun 25, 2014

    The addition of steel and zinc wheel weights to traditional lead wheel weights are posing real challenges to recyclers, which have struggled to viably segregate the three versions.

  • Sims mulls e-cycling closures amid revamp Jun 24, 2014

    Sims Metal Management Ltd. could shutter its electronics recycling operations in Canada and a majority of its footprint in the United Kingdom, the company said June 24.

  • Scrap exporter defies city order to shut Jun 24, 2014

    A scrap metal export facility operating at the Port of Palm Beach in Florida said it will not heed the city’s order to cease operations there.

  • Pacific Recycling facing $328,000 penalty Jun 23, 2014

    A Eugene, Ore.-based metal recycler is facing a penalty of nearly $328,000 for allegedly failing to implement a stormwater management plan.

  • Worley Brothers Scrap Iron files for Ch. 11 Jun 23, 2014

    Worley Brothers Scrap Iron & Metal Inc. has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Tennessee.

  • Aircraft retirements seen boon for scrap Jun 23, 2014

    The aviation industry is facing a "tsunami" of aircraft retirements in the coming years, sending a wave of material into the aerospace scrap recycling stream, according to industry executives.

  • NC recycler opens third facility Jun 23, 2014

    Southern Metals Recycling Inc. has opened its third Wilmington, N.C., facility to increase scrap flow and accommodate the working schedules of its customer base.

  • Rail metal theft bill awaits Pa. governor’s OK Jun 20, 2014

    A Pennsylvania law intended to prevent the sale of stolen railroad metal has passed both houses of the state legislature and is awaiting the signature of Gov. Tom Corbett.

  • Scrap won’t play major role in China until ’25: Vale exec Jun 20, 2014

    Vale SA does not see scrap playing a major role in China’s steelmaking industry until 2025, according to its top expert on ferrous markets.

  • PSC Metals to upgrade its shredder in Tenn. Jun 20, 2014

    PSC Metals Inc. plans to upgrade one of its nine auto shredders to capture more metallics.

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