Scrap

  • Schnitzer net soars on higher scrap tags, shipments Oct 28, 2008

    Schnitzer Steel Industries Inc.’s net income more than tripled in its fiscal fourth quarter compared with a year earlier on higher scrap prices and shipments. But the outlook for an improvement in current scrap market conditions remains “uncertain.”

  • Credit woes delay Schnitzer ferrous deliveries, but no orders nixed Oct 28, 2008

    Schnitzer Steel Industries Inc. hasn’t faced any order cancellations from offshore ferrous scrap customers, but is delaying some shipments while customers work to resolve credit availability issues.

  • China’s scrap yield expected to rise by 50 million tonnes by 2012 Oct 28, 2008

    China could generate an additional 50 million tonnes of ferrous scrap in the five years to 2012, with potentially huge ramifications for the world market, according to CRU Research analyst Calum Baker.

  • ‘Kidnapping’ of scrap trader questioned Oct 27, 2008

    A claim that a British company’s senior scrap trader was kidnapped in China over a business dispute was called into question Monday, with a Chinese trade association executive asserting the report was false.

  • Ameristeel buying Metro Recycling [UPDATE] Oct 27, 2008

    Joining the trend of steelmakers acquiring scrap companies, Gerdau Ameristeel Corp., Tampa, Fla., has bought Guelph, Ontario-based Metro Recycling Inc.

  • India importers reject cargo, kicking off payment crisis Oct 27, 2008

    Indian scrap importers’ failure to accept shipments due to dramatically declining product prices is causing an “unprecedented” crisis in the industry, according to trade sources.

  • No. 1 heavy melt exports tumble 25% Oct 27, 2008

    Offshore sales of No. 1 heavy melting scrap were 25 percent lower in August than the previous month as steel scrap importers in Turkey, Thailand and Taiwan trimmed their buying.

  • India importers reject cargo, kicking off payment crisis Oct 27, 2008

    Indian scrap importers’ failure to accept shipments due to dramatically declining product prices is causing an “unprecedented” crisis in the industry, according to trade sources.

  • No. 1 heavy melt exports tumble 25% Oct 27, 2008

    Offshore sales of No. 1 heavy melting scrap were 25 percent lower in August than the previous month as steel scrap importers in Turkey, Thailand and Taiwan trimmed their buying.

  • No. 1 heavy melt exports tumble 25% in August Oct 27, 2008

    Offshore sales of No. 1 heavy melting scrap were 25 percent lower in August than the previous month as steel scrap importers in Turkey, Thailand and Taiwan trimmed their buying.

  • India importers reject cargo, kicking off payment crisis (UPDATED) Oct 27, 2008

    Indian scrap importers’ failure to accept shipments due to dramatically declining product prices is causing an “unprecedented” crisis in the industry, according to trade sources.

  • Ameristeel buys Ontario recycler Oct 27, 2008

    Gerdau Ameristeel Corp. has acquired Metro Recycling, a scrap processor based in Guelph, Ontario. The terms of the transaction were not disclosed.

  • Copper scrap feels weight of Comex, China Oct 24, 2008

    The U.S. copper scrap market has ground to a standstill as prices slide further due to the powerful downward pull of poor demand, the exit of the Chinese from the marketplace and continued tepid performance of primary copper prices, market sources said.

  • Sims earnings jump to $90.1M in qtr. Oct 24, 2008

    Sims Metal Management Ltd.’s earnings surged to Australian $145.1 million ($90.1 million) in the fiscal first quarter ended Sept. 30, up 175 percent from the year-earlier quarter, on sales that rose 169 percent to A$3.5 billion ($2.2 billion).

  • Comex, China weigh on copper scrap Oct 24, 2008

    The U.S. copper scrap market has ground to a standstill as prices slide further due to the powerful downward pull of poor demand, the exit of the Chinese from the marketplace and continued tepid performance of primary copper prices, market sources said.

  • EU secondary aluminum mart at standstill; tags sink Oct 24, 2008

    Secondary aluminum prices in Europe plummeted on Friday as the market came to a virtual standstill amid a lack of demand.

  • Brass discards take big hit in auction of military scrap Oct 24, 2008

    Brass scrap values lost further ground this week in an auction of military discards, drawing 94 cents a pound for material sold from a repair shop at Hill Air Force Base near Ogden, Utah.

  • ATI sees titanium scrap a good buy Oct 23, 2008

    This year’s slump in titanium scrap prices means that secondary raw materials might be a more competitive buy than sponge, Allegheny Technologies Inc.’s (ATI’s) top executive said.

  • Sims unit leases Conn. warehouse Oct 23, 2008

    Sims-Metal Management Inc.’s aerospace unit has leased a 279,000-square-foot industrial warehouse in Hartford, Conn.

  • Sims unit leases Conn. warehouse Oct 23, 2008

    Sims-Metal Management Inc.’s aerospace unit has leased a 279,000-square-foot industrial warehouse in Hartford, Conn.

  • Copper, brass exports slip 0.3% in Aug. Oct 23, 2008

    U.S. copper and brass scrap exports slipped in August after four consecutive monthly gains.

  • Copper, brass exports slip 0.3% in Aug. Oct 23, 2008

    U.S. copper and brass scrap exports slipped in August after four consecutive monthly gains.

  • Europe ferrous scrap tags plummet to 33-month low Oct 23, 2008

    European ferrous scrap prices have fallen below $200 per tonne at the docks in Rotterdam, the Netherlands, for the first time since January 2006, despite an increase in transactions during the past week.

  • Schnitzer denies shredder fluff contains excess lead Oct 22, 2008

    Schnitzer Steel Industries Inc., responding to claims of unexpectedly high levels of lead found in the mostly plastic fluff from vehicles shredded in Hawaii, asserts it has systems in place there to protect the environment.

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