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SNF Inc., a Laval, Quebec,-based scrap metals processor, is more than a little displeased with Canadian National Railway Co.'s decision to rip up tracks that were part of a rail spur to its new yard in Nova Scotia and sell the land to a real estate developer.
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Whatever sparkle the stainless steel scrap market had earlier this year has been lost, with demand getting duller with each passing week.
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Landed shredded scrap prices in India have jumped by around $20 a long ton over the past 10 days, according to buyers. Ispat Industries Ltd., Mumbai, India, booked cargoes out of U.S. East Coast and West Coast yards last week at $220 a ton, delivered to the port of Mumbai, up from slightly less than $200 a ton previously.
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A bill that would have broadened deposit-fee recycling of beverage containers in New York died in the state Senate without a vote after winning assembly passage earlier last week by 98-40.
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The U.S. Environmental Protection Agency has accused another northern Ohio aluminum melter of air emissions violations, the second in the past week.
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U.S. aluminum scrap exports topped 100,000 short tons in April for the first time ever.
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Scrap processors are facing many of the same problems their steel industry customers are battling today, specifically too much supply that has served to deflate prices. Just which direction prices will go next will depend on several factors, two leading steel mini-mill executives said.
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The Senate Finance Committee has approved a bill providing a 15-percent tax credit for equipment used in the processing and sorting of recyclable materials that will increase the quantity and quality of the recyclables collected.
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Carl S. Adkins has been appointed general manager of Cumberland Scrap Processors, a Nashville, Tenn.,-based industrial scrap metals processor.
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A frenzy of Chinese buying activity helped boost U.S. exports of copper scrap by 2.1 percent in April, according to the latest figures from the U.S. Commerce Department.
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Plummeting steel scrap prices reflect a return to long-term pricing norms, combined with an unfinished drawdown of 2004's inventory buildup of finished steel and raw materials, according to a top recycling executive.
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European exporters are spurning offers for ferrous scrap, saying they believe prices have reached bottom and are set to increase.
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Wabash Alloys LLC cut many of its book prices for secondary aluminum ingot by 1 cent a pound Friday.
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U.S. shredded scrap exports sank in April to their lowest level in more than three years as China and several other key shredded scrap importers cut their buying.
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Metech International Inc. has signed a partnership agreement with a company in the Philippines to provide electronic recycling services to multinational electronics manufacturers in Asia.
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Richard Gertler has resigned as manager of national accounts at OmniSource Corp., the Fort Wayne, Ind.,-based scrap processor, and as vice president of Industrial Scrap Consulting, a joint venture between OmniSource and Middletown, Ohio,-based Cohen Brothers Inc.
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German ferrous scrap processors are confident the market has reached bottom after agreeing to late reductions of 30 to 40 euros ($36 to $48) per tonne on June scrap shipments to domestic steel mills.
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Winning offers for aluminum and steel scrap generated at Boeing Co.'s production plants in the state of Washington in the third quarter were off sharply from prices paid for second-quarter material.
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Hugo Neu Corp. said its Los Angeles-based Hugo Neu-Proler (HNP) operations will begin purchasing all grades of nonferrous metal at its feeder yards.
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A former Pearl Harbor shipyard employee was sentenced to three years in prison last week for selling new and refurbished ship and submarine parts worth more than $200,000 as scrap metal for $529.
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Despite quite a few clouds on the scrap industry's economic horizon, a Texas resort setting is likely to keep the mood sunny for the annual convention and exposition of the Gulf Coast Chapter of the Institute of Scrap Recycling Industries (ISRI).
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AMM is reviewing consumer buying prices in the Carolinas, Houston and St. Louis markets as part of an effort to determine whether quoted prices are in line with delivered-to-mill prices in those regions. In the event any price adjustments are required, AMM will publish a notice in advance alerting readers that such changes are likely to be made.
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U.S. exports of nonferrous scrap continued their upward trek in April, spurred largely by stronger offshore sales of aluminum scrap.
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California's collectors and processors of electronic scrap are still struggling to meet the reporting requirements intended to fend off discarded equipment from out of state.