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Regional Recycling LLC, a division of Schnitzer Steel Industries Inc., has opened a new scrap metal recycling facility in Selma, Ala.
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Overseas demand for ferrous scrap continues at a steady pace, but much of the modest price gains obtained in recent weeks are being eroded by higher ocean freight rates, U.S. exporters said.
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Aleris International Inc., a producer of secondary aluminum metal and sheet, has passed a milestone in its plans to go private, receiving approval from holders of 75.7 percent of its publicly held shares for the change in status.
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Overseas demand for ferrous scrap continues at a steady pace, but much of the modest price gains obtained in recent weeks are being eroded by higher ocean freight rates, U.S. exporters said.
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Ferrous and nonferrous scrap exports are at record levels these days and, unfortunately for some domestic scrap consumers, they could go even higher due to the weakness of the U.S. dollar against several foreign currencies.
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Scrap processor CFF Recycling, Paris, France, has posted net income of 61 million euros ($81 million) for its fiscal year ended Sept. 30, up 33 percent from 46 million euros the previous year.
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Wabash Alloys LLC, Wabash, Ind., raised its A380.1 aluminum alloy prices by 1 cent Thursday to $1.11 a pound. The company’s last price change was Nov. 28, when it cut the alloy by 4 cents a pound (AMM, Nov. 30).
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Regional Recycling LLC, a division of Schnitzer Steel Industries Inc., has opened a new scrap metal recycling facility in Selma, Ala.
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Wabash Alloys LLC, Wabash, Ind., raised A380.1 aluminum alloy prices by 1 cent Thursday, putting the value at $1.11 a pound.
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An Alabama buyer offered $700,000, or $9.53 a pound, for Inconel 625 alloy scrap in an electronic auction of U.S. Defense Department material that finished Tuesday evening.
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Secondary aluminum ingot prices have moved up 1 cent a pound, influenced by tight scrap supply and primary aluminum trading on the London Metal Exchange.
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Secondary aluminum ingot prices have moved up 1 cent a pound, influenced by tight scrap supply and primary aluminum trading on the London Metal Exchange.
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Harsco Corp.’s MultiServ mill services division has been awarded multi-year contracts to provide additional services at two Mexican steel mills. Harsco valued the two contracts at more than $13 million.
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Harsco Corp.’s MultiServ mill services division has been awarded multi-year contracts to provide additional services at two Mexican steel mills. Harsco valued the two contracts at more than $13 million.
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German-Danish venture Alco-Scholz hopes to get clearance from European Union competition authorities early next year to buy Danish scrap company Uniscrap AS, a source close to the process said.
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Despite being shot down in Congress this year, legislation that would provide tax credits and depreciation incentives to purchasers of recycling equipment remains in the sights of the Institute of Scrap Recycling Industries.
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The value of U.S. scrap metal exports hit a new high in October, as did the tally for material headed to China.
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The value of U.S. scrap metal exports hit a new high in October, as did the tally for material headed to China.
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Despite being shot down in Congress this year, legislation that would provide tax credits and depreciation incentives to purchasers of recycling equipment remains in the sights of the Institute of Scrap Recycling Industries (ISRI).
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A Canadian scrap executive is building a speedier mousetrap in an attempt to track down metal thieves and hopefully curtail not only thefts but also the push by cities and police to impose onerous and often fruitless reporting requirements on the scrap industry.
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A Canadian scrap executive is building a speedier mousetrap in an attempt to track down metal thieves and hopefully curtail not only thefts but also the push by cities and police to impose onerous and often fruitless reporting requirements on the scrap industry.
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“Percent recycled” can be a misleading guide for regulators and corporate planners seeking to boost the use of secondary raw materials, according to a coalition of metal trade associations.
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“Percent recycled” can be a misleading guide for regulators and corporate planners seeking to boost the use of secondary raw materials, according to a coalition of metal trade associations.
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Jiangxi Copper Co., China’s largest copper smelter, plans to set up a joint-venture recycling plant to produce 100,000 tonnes of copper cathode annually from scrap.