Scrap

  • Shredded export rise may be ’08 peak Oct 22, 2008

    U.S. exports of shredded scrap topped 1 million tonnes in August for the second time this year, but it might be the last hurrah for the fragmented scrap in 2008.

  • Aluminum alloy tags slide; economy has mart on edge Oct 22, 2008

    Further slippage in prices of secondary aluminum alloys and the scrap it comes from is stirring fresh unease over how badly market participants will be hurt by a poorly performing economy.

  • US shredded scrap export rise may be ’08 peak Oct 22, 2008

    U.S. exports of shredded scrap topped 1 million tonnes in August for the second time this year, but it might be the last hurrah for the fragmented scrap in 2008.

  • Aluminum alloy tags slide; economy has mart on edge Oct 22, 2008

    Further slippage in prices of secondary aluminum alloys and the scrap it comes from is stirring fresh unease over how badly market participants will be hurt by a poorly performing economy.

  • Buyer diet will slim tags for ferrous scrap further Oct 21, 2008

    Ferrous scrap’s price stumbling is expected to continue in November, largely because there is still a lot of prime industrial steel scrap overhanging the market.

  • Buyer diet will slim tags for ferrous scrap further Oct 21, 2008

    Ferrous scrap’s price stumbling is expected to continue in November, largely because there is still a lot of prime industrial steel scrap overhanging the market.

  • Russia mulls ferrous export tax to prop up local supply Oct 21, 2008

    Russia is considering imposing an export tax of 120 euros ($160) per tonne on ferrous scrap at the beginning of November in an effort to curb exports and keep the material for domestic mills, according to Ioannis Meimaroglu, chairman of the International Rebar Exporters and Producers Association’s (Irepas’) raw materials committee.

  • Nelson steps up role at Joseph Oct 21, 2008

    David J. Joseph Co. (DJJ) has promoted Chip Nelson to vice president of international at the company’s Cincinnati-based scrap brokerage and services group.

  • Metalico hires 3 new execs in rejig of its PGM segment Oct 21, 2008

    Metalico Inc., which expanded into platinum group metals (PGM) during the past two years and suffered a recent earnings setback from unhedged PGM purchase commitments, has recruited three outside executives to realign the segment’s management.

  • Aluminum exports off 8.9% in August Oct 21, 2008

    After seven successive months of expansion, U.S. aluminum scrap exports have fallen.

  • Aluminum exports off 8.9% in August Oct 21, 2008

    After seven successive months of expansion, U.S. aluminum scrap exports have fallen.

  • Metalico hires 3 new execs in rejig of its PGM segment Oct 20, 2008

    Metalico Inc., which expanded into platinum group metals (PGM) during the past two years and suffered a recent earnings setback from unhedged PGM purchase commitments, has recruited three outside executives to realign the segment’s management.

  • Nonferrous exports dip 5% in August Oct 20, 2008

    Offshore sales of copper and aluminum scrap slipped in August, but the nonferrous scrap market?s second string players?nickel, zinc and used aluminum beverage cans (UBCs)?were on the rise.

  • Nelson steps up role at Joseph Oct 20, 2008

    David J. Joseph Co. (DJJ) has promoted Chip Nelson to vice president of international at the company’s Cincinnati-based scrap Brokerage and Services group.

  • Secondary aluminum tags fall in Europe on auto cuts Oct 20, 2008

    European secondary aluminum prices are falling fast on plummeting demand as automakers reduce production and sentiment remains bearish, according to market participants.

  • Nonferrous exports dip 5% in August Oct 20, 2008

    Offshore sales of copper and aluminum scrap slipped in August, but the nonferrous scrap market’s second string players—nickel, zinc and used aluminum beverage cans (UBCs)—were on the rise.

  • US mercury export ban set for 2013 Oct 17, 2008

    President Bush this past week signed into law a ban on exports of mercury that will start in 2013.

  • Copper scrap down but stabilizing Oct 17, 2008

    Copper scrap prices have fallen slightly—mostly due to weak demand, low primary copper prices and troubled credit markets—but for the most part have stabilized after a massive decline last week.

  • Steel cuts thrash scrap; no time to lick wounds Oct 17, 2008

    Decisions by global steel producers to make drastic production cuts in the face of weak steel demand have left the scrap market in turmoil, according to a number of scrap dealers who are seeing prices tumble rapidly.

  • Slide in exports of ferrous scrap not finished yet Oct 17, 2008

    U.S. exports of steel and iron scrap slipped modestly in August despite strong gains in shredded scrap and in shipments to India.

  • Copper scrap down but stabilizing Oct 17, 2008

    Copper scrap prices have fallen slightly—mostly due to weak demand, low primary copper prices and troubled credit markets—but for the most part have stabilized after a massive decline last week.

  • Ferrous scrap exports slip in August; not done yet Oct 17, 2008

    U.S. exports of steel and iron scrap slipped modestly in August despite strong gains in shredded scrap and in shipments to India.

  • Brass values slide over 33% in military sale Oct 17, 2008

    Brass scrap auctioned off from seven U.S. military bases this week averaged $1.02 a pound, far below the $1.54 average achieved as recently as Oct. 7.

  • NY tag-n-hold wait period shortened to 2 days from 5 Oct 17, 2008

    The legislators of Dutchess County, N.Y., voted Thursday evening to shorten the proposed tag-and-hold period for nonferrous metal at scrapyards to two days from the original five.

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