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Asian buyers of U.S. aluminum scrap are showing renewed interest, but not enough to push prices above current levels.
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U.S. shipments of shredded scrap to foreign steelmakers and foundries plunged 37.5 percent in September despite a spike in the tonnage delivered to Turkey, the leading offshore destination for U.S. ferrous scrap exporters.
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U.S. shipments of shredded scrap to foreign steelmakers and foundries plunged 37.5 percent in September despite a spike in the tonnage delivered to Turkey, the leading offshore destination for U.S. ferrous scrap exporters.
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New rules adopted by the Association of American Railroads (AAR) prohibit scrap metal shippers from piling loose scrap in mounds above the top of any gondola car, according to the Institute of Scrap Recycling Industries (ISRI).
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The copper scrap market is living almost entirely hand-to-mouth as depressed pricing and non-existent demand have brought the market to a grinding halt, market sources said.
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Sims Metal Management Ltd. expects to post fiscal second-half net income in a range of Australian $120 million to $140 million ($74 million to $87 million), up from A$102.2 million in the same period a year earlier.
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Aluminum borings and turnings fetched 9 cents a pound in a year-ahead military auction Thursday, down 82 percent from 50 cents a pound in a similar auction in October 2007.
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Lawyers for Tennessee recyclers have urged an appeals court to look closely at a recent filing by theft victims as unintended evidence that a Memphis tag-and-hold ordinance aims “to put scrap metal recyclers in Memphis out of business altogether.”
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Lawyers for Tennessee recyclers have urged an appeals court to look closely at a recent filing by theft victims as unintended evidence that a Memphis tag-and-hold ordinance aims “to put scrap metal recyclers in Memphis out of business altogether.”
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Aluminum borings and turnings fetched 9 cents a pound in a year-ahead military auction Thursday, down 82 percent from 50 cents a pound in a similar auction in October 2007.
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Aluminum borings and turnings fetched 9 cents a pound in a year-ahead military auction Thursday, down 82 percent from 50 cents a pound in a similar auction in October 2007.
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Sims Metal Management Ltd. expects to post fiscal second-half net income in a range of Australian $120 million to $140 million ($74 million to $87 million), up from A$102.2 million in the same period a year earlier.
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AMM plans to cease publication of its indicators for secondary aluminum alloys B380, 384.1, 443.1, 332.1 and B390.1 effective Dec. 8, 2008.
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The mood in the global secondary aluminum market is deteriorating as the industry assesses the damage of plunging orders from the automotive sector.
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Nonferrous scrap exports from the United States sagged further in September, falling nearly 16 percent by quantity and 15 percent by value compared with month-earlier levels.
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Nonferrous scrap exports from the United States sagged further in September, falling nearly 16 percent by quantity and 15 percent by value compared with month-earlier levels.
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A worker injured Nov. 3, when a supposedly inert ammunition shell exploded in an Oklahoma scrapyard, died on Tuesday.
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With secondary aluminum ingot sales at a low ebb, some sellers are altering hedge transactions on the London Metal Exchange into delivery opportunities.
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European ferrous scrap prices have moved higher in the past two weeks, but the upshift has been sparked by speculation rather than any sustained increase in export demand, according to market sources.
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With secondary aluminum ingot sales at a low ebb, some sellers are altering hedge transactions on the London Metal Exchange into delivery opportunities.
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Offering a tantalizing hint but no details, Wise Metals Group LLC has told regulators that a financial report is overdue on account of “other corporate activities including acquisition- and financing-related activities.”
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A worker injured Nov. 3, when a supposedly inert ammunition shell exploded in an Oklahoma scrapyard, died on Tuesday.
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Offering a tantalizing hint but no details, Wise Metals Group LLC has told regulators that a financial report is overdue on account of “other corporate activities including acquisition- and financing-related activities.”
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About $4.7 million worth of A380.1 aluminum alloy, warranted for settling London Metal Exchange transactions, arrived into U.S. warehouses between late Friday and late Tuesday.