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Offshore shipments of stainless steel scrap climbed 10.9 percent in June, the second consecutive monthly gain, but some U.S. scrap traders say they believe the numbers are inflated.
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Metech International Inc., a New England electronics and precious metals recycler recently expanded into Asia, has been purchased by Singapore’s Centillion Environment & Recycling Ltd. for $22 million, the U.S. company said Monday.
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Arkansas Aluminum Alloys Inc. has hired Dale R. Kuhl as sales and marketing executive, a new position in which he will spend some of his time based in Fort Wayne, Ind.
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A New York woman who scammed millions of dollars in a scheme involving purported scrap steel shipments to China has been sentenced to 70 months in prison and told to pay more than $3.8 million in restitution to her victims.
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Arkansas Aluminum Alloys Inc. has hired Dale R. Kuhl as sales and marketing executive, a new position in which he will spend some of his time based in Fort Wayne, Ind.
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A military auction of lead scrap attracted prices as high as $1.08 a pound.
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Green Metals Inc. has hired Dave Eisenacher as vice president of marketing effective Sept. 4.
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Copper scrap prices in the United States have jumped as supplies of raw material tighten and primary copper on the Comex division of the New York Mercantile Exchange stages a rebound.
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The acquisition of Wabash Alloys LLC by the parent of Aleris International Inc. faces no antitrust barrier, according to a Federal Trade Commission (FTC) notice published Friday in the Federal Register.
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Boeing Co. expects to generate slightly less briquetted borings in the fourth quarter.
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Copper scrap prices in the United States have jumped as supplies of raw material tighten and primary copper on the Comex division of the New York Mercantile Exchange stages a rebound.
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The U.S. Maritime Administration (Marad) said Friday that the last five high-priority vessels will be removed from the James River Reserve Fleet, also know as the “Ghost Fleet,” and scrapped.
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The Turkish ferrous scrap market has gone quiet over the past week, with heavy ordering from most mills in early August leaving little demand for September deliveries.
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Lead scrap prices ranged as high as $1.08 a pound in a U.S. Defense Department auction that ended Tuesday.
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The U.S. Maritime Administration (Marad) said Friday the last five high-priority vessels will be removed from the James River Reserve Fleet, also know as the “Ghost Fleet,” and scrapped.
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The acquisition of Wabash Alloys LLC by the parent of Aleris International Inc. faces no antitrust barrier, according to a Federal Trade Commission notice published Friday in the Federal Register.
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Berea Industries LLC, a secondary aluminum smelter slated to open in Clarksville, Tenn., in July next year, will install four electrical-induction furnaces each with a melt rate of 11,000 pounds per hour.
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Two aluminum offerings among 72 military scrap lots auctioned via the Web Tuesday attracted winning bids of 68 cents a pound.
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Chinese scrap buyers are slowly returning to the market as Customs authorities begin releasing some of the containers held at ports following a major crackdown on importers trying to avoid complying with new duties, trade sources said.
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PSC Metals Inc., Cleveland, said Thursday it will acquire the assets of Wooster Iron & Metal Co. (Wimco Group), a northern Ohio scrap metals processor with seven yards in that state and one in Pennsylvania.
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The steel industry’s steel recycling rate sagged to 68.7 percent in 2006, the Steel Recycling Institute (SRI) said Thursday, down from the record 75.7-percent recovery rate it reported for the previous year.
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Berea Industries LLC, a secondary aluminum smelter slated to open in Clarksville, Tenn., in July next year, will install four electrical-induction furnaces each with a melt rate of 11,000 pounds per hour.
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Two aluminum offerings among 72 military scrap lots auctioned via the Web Tuesday attracted winning bids of 68 cents a pound.
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The spot market for secondary aluminum alloy ingot is approximating suspended animation as participants try to gauge the net impact of primary aluminum prices falling, silicon rising and uncertain autumn demand for alloy.