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Sims Group Ltd. is expanding its role in U.S. electronics recycling with a deal to acquire Global Investment Recovery Inc. (GIR), Tampa, Fla., which processes electronic discards at plants in five states.
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The United States remained the largest exporter of ferrous scrap, shipping 11.2 million tonnes to its overseas customers in the first half, up almost 38 percent from the same period last year and further widening its lead over its nearest foreign rivals.
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Spot market A380.1 aluminum alloy prices slipped 3 cents a pound for the second week in a row to a range of $1.03 to $1.05 per pound.
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A rebound in U.S. zinc scrap shipments to China and stronger demand from Taiwan and Malaysia raised exports by more than 47 percent in July, a turnaround from the previous month, when exports of the galvanized scrap plunged by almost 38 percent.
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A rebound in U.S. zinc scrap shipments to China and stronger demand from Taiwan and Malaysia raised exports by more than 47 percent in July, a turnaround from the previous month, when exports of the galvanized scrap plunged by almost 38 percent.
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Spot market A380.1 aluminum alloy prices slipped 3 cents a pound for the second week in a row to a range of $1.03 to $1.05 per pound.
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U.S. exports of lead scrap jumped more than 30 percent in July, a turnaround from the slower sales pace seen in the two previous months.
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U.S. exports of lead scrap jumped more than 30 percent in July, a turnaround from the slower sales pace seen in the two previous months.
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Last week’s financial bailout law includes an investment benefit for recyclers that could save scrap processors $162 million over 10 years, according to a Congressional Budget Office estimate.
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Ferrous scrap prices in India have crashed, with shredded in shipping containers touching a low of $380 per tonne delivered to Mumbai, down from a high of $720 two months ago, according to one prominent importer.
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Aluminum scrap prices have continued to plummet amid small sales volumes, with prices down between 7 and 8 cents a pound from levels seen early last week.
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Aluminum scrap prices have continued to plummet amid small sales volumes, with prices down between 7 and 8 cents a pound from levels seen early last week.
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The financial rescue plan that cleared Congress on Friday includes an investment benefit for recyclers that could save scrap processors $162 million over 10 years, according to the Institute of Scrap Recycling Industries (ISRI).
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U.S. copper scrap prices have fallen precipitously under the weight of strong downward pressure from sickly domestic demand and the credit crunch.
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Nippon Steel Corp. and Kobe Steel Ltd., two of Japan’s largest steelmakers, have agreed to set up a 400,000-tonne-per-year steel dust recycling and direct-reduced iron (DRI) joint venture.
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A suburban New York City auto recycler has removed more than 15,000 mercury switches from end-of-life vehicles over the past two years.
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Prices for aluminum scrap to be generated by Spirit AeroSystems Inc. in the fourth quarter generally were down 17 percent compared with the previous auction for third-quarter material.
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Prices for aluminum scrap to be generated by Spirit AeroSystems Inc. in the fourth quarter generally were down 17 percent compared with the previous auction for third-quarter material.
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Ferrous scrap prices in India have crashed, with shredded in shipping containers touching a low of $380 per tonne delivered to Mumbai, down from a high of $720 two months ago, according to one prominent importer.
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Ferrous scrap prices have fallen on the Eastern Seaboard, both at the docks and at nearby steel mills, but the declines have been slow to develop in the major steelmaking markets in the Midwest and South.
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Ferrous scrap prices have fallen on the Eastern Seaboard, both at the docks and at nearby steel mills, but the declines have been slow to develop in the major steelmaking markets in the Midwest and South.
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California Gov. Arnold Schwarzenegger gave the scrap industry a potentially major headache this week by signing a bill requiring recyclers to submit daily purchase reports to police departments—dashing the hopes of recyclers who wanted the “governator” to veto the legislation.
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California Gov. Arnold Schwarzenegger gave the scrap industry a potentially major headache this week by signing a bill requiring recyclers to submit daily purchase reports to police departments—dashing the hopes of recyclers who wanted the “governator” to veto the legislation.
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The Electronics TakeBack Coalition has withdrawn from a committee that is writing certification standards for electronic recyclers with the support of the federal Environmental Protection Agency (EPA).