Scrap RSS

  • Brokers get prison terms for theft, fraud Jun 05, 2014

    A pair of California metal brokers have been sentenced to more than two years in prison after being convicted of bilking West Coast and Chinese investors out of $125,000 in the hope of acquiring scrap from an amusement park ravaged by Hurricane Katrina.

  • Metalico to divest non-core assets to slim debt Jun 04, 2014

    Metalico Inc. plans to put some of its non-core assets on the selling block to strengthen its balance sheet.

  • Shredded scrap prices fall in early June trades Jun 04, 2014

    Shredded scrap prices have lost the most ground in early trading for June while prime grades have emerged the strongest, in line with pre-trading speculation.

  • Calif. shredders seek compromise on scrap bill Jun 04, 2014

    The West Coast chapter of the Institute of Scrap Recycling Industries (ISRI) is working with California legislators in hopes of reaching a compromise on a bill that would impact the state’s seven auto shredding facilities.

  • PSC Metals reopens Ga. yard, more said near Jun 04, 2014

    PSC Metals Inc. is laying plans to reopen several facilities after restarting a shuttered scrapyard in Georgia.

  • Coady opens scrap brokerage Jun 04, 2014

    Industry veteran Doug Coady has left Aurora, Ohio-based Scrap Dynamics Corp. to open his own scrap metal brokerage firm, he told AMM.

  • Eagle Scrap Metal seeking permit for 2d Calif. site Jun 04, 2014

    Eagle Scrap Metal is looking to open a second location in California.

  • Schnitzer sued for alleged water violations Jun 04, 2014

    Schnitzer Steel Industries Inc. and its Pick-N-Pull Auto Dismantlers subsidiary are being sued by the California Sportfishing Protection Alliance (CSPA) for alleged violations of its stormwater permit and the federal Clean Water Act.

  • Key player in copper theft scheme given prison term Jun 03, 2014

    A man who was said to have played a key role in the theft of nearly $10 million worth of copper from Asarco LLC since 2006 has been sentenced to two and a half years in prison, Arizona Assistant Attorney General Mike Jette told AMM.

  • Market should control scrap trade: BIR Jun 03, 2014

    National governments have no right to control scrap material generated within their borders and should allow markets to determine how and where scrap is utilized instead of hurting free trade with export and import barriers, according to the Bureau of International Recycling (BIR).

  • Padnos looking to expand scrapyard in Grand Rapids Jun 03, 2014

    Padnos Iron & Metal Co. is seeking approval to double the size of one of its locations in Grand Rapids, Mich.

  • Hierz Scrap Service files for Ch. 11 Jun 03, 2014

    Illinois metals recycler Hierz Scrap Service Inc. has filed for Chapter 11 bankruptcy protection.

  • Bank sues Fl. recycler over alleged loan default Jun 02, 2014

    A Birmingham, Ala.-based bank has filed a lawsuit against an electronics recycler for allegedly defaulting on loans.

  • Industry said better suited to fight metal theft May 30, 2014

    Best practices from metal organizations might be more effective at deterring metals theft than state and local regulations vs. scrapyards, one security company executive said.

  • India ferrous scrap prices under pressure May 30, 2014

    Strong demand from Indian steel mills for shredded scrap lifted containerized U.S. ferrous scrap export tags, but prices for most other grades remained steady this past week.

  • CMC acquiring San Antonio shredder from rival May 30, 2014

    Commercial Metals Co. (CMC) is buying a San Antonio auto shredder to lock up more feedstock for one of its steel mills.

  • SMS wins auction for Ill. recycler May 30, 2014

    Scrap Metal Services LLC (SMS) has purchased a Chicago-area metals recycler that closed its doors in April amid financial struggles.

  • Copper scrap discounts rise for some grades May 29, 2014

    Spreads on bare bright and No. 1 copper scrap sold to brass ingot makers widened as terminal markets strengthened, while a slight pickup in Chinese buying of yellow brass sent tags for that grade higher.

  • Containerized scrap export prices to Taiwan up May 29, 2014

    Prices for containerized ferrous scrap exported to Taiwan logged a surprise turnaround, catching many market participants off guard.

  • Aluminum alloys pricing spikes on LME surge May 29, 2014

    A second week of surging prices for the London Metal Exchange’s North American special aluminum alloy contract (Nasaac) triggered a spike in free-market alloy tags this past week.

  • US bulk ferrous scrap export prices mixed May 29, 2014

    U.S. bulk ferrous scrap exports recorded a mixed week after shippers raised price offers to South Korea, while one exporter lowered tags marginally into Turkey.

  • US steel usage, production fall slightly in ’13 May 29, 2014

    Consumption of finished steel products in the United States fell slightly last year and has yet to return to pre-recession levels, according to the latest World Steel Association data.

  • China’s copper scrap use to rise: ICSG May 29, 2014

    Copper scrap usage by mills in China is set to grow 6 to 7 percent annually through 2016, according to an International Copper Study Group (ICSG) report.

  • Canada recycler to add shredder May 29, 2014

    Canadian recycler Industrial Metals LP is installing a shredder to expand its business and increase its presence.

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