Scrap RSS

  • Turk buys a ‘flash in the pan,’ scrap market seen slowing Nov 13, 2008

    The flurry of scrap buying activity by Turkish mills in the past week was only a “flash in the pan” and prices might fall back again, market participants warned.

  • Novelis in MiniMRF recycling venture Nov 13, 2008

    Novelis Corp., a major producer of aluminum can sheet using scrap, is investing in a joint venture that will build and operate “innovative technology designed to achieve high rates of solid waste diversion” at transfer stations and landfills, it said.

  • EMR downs sites in UK as it battles demand, price sag Nov 13, 2008

    European Metal Recycling Ltd. (EMR), Warrington, England, has reportedly closed or suspended some of its U.K. operations as it attempts to adapt to falling demand and plummeting prices.

  • Novelis in MiniMRF recycling venture Nov 13, 2008

    Novelis Corp., a major producer of aluminum can sheet using scrap, is investing in a joint venture that will build and operate “innovative technology designed to achieve high rates of solid waste diversion” at transfer stations and landfills, it said.

  • ‘Get defensive’ to survive, execs told Nov 13, 2008

    There will be no sustained economic upturn in the United States until 2010, John Anton, Global Insight (USA) Inc.’s director of steel service, told delegates at AMM’s 2nd Annual Scrap Conference.

  • PDA to hold public hearing on Grimmel lease renewal Nov 13, 2008

    The Pease Development Authority (PDA), the state agency that manages the docks at Portsmouth, N.H., has been asked to hear public comments about whether it should renew scrap exporter Grimmel Industries Inc.?s lease at the port for another year.

  • Asia still sleeps as Turks return to US scrap market Nov 12, 2008

    Turkey is “creeping back” into the market for exported U.S. scrap, but Asia remains “terribly weak,” Alter Goldstein, Schnitzer Steel Industries Inc.’s vice president of export sales, said at the morning session of AMM’s 2nd Annual Scrap Conference.

  • Aleris swings to $197.8M loss in 3d qtr. Nov 12, 2008

    Aleris International Inc., showing gains in its recycling segment but a downturn in rolled and extruded products, posted a third-quarter loss of $197.8 million vs. year-earlier net income of $3.5 million.

  • Aleris swings to $197.8M loss in 3d qtr. [UPDATE] Nov 12, 2008

    Aleris International Inc., showing gains in its recycling segment but a downturn in rolled and extruded products, posted a third-quarter loss of $197.8 million vs. year-earlier net income of $3.5 million.

  • Aluminum scrap loses brief flicker as prices edge lower Nov 12, 2008

    Last week’s hint of effervescence in the aluminum scrap market has largely vanished as prices showed some weakening.

  • S. Korea leads RSI exports to 2-yr. high Nov 12, 2008

    U.S. exports of aluminum remelt scrap ingot (RSI) hit a more than two-year high in August as South Korea surpassed Canada and Mexico as the top foreign destination for much of the metal that month.

  • Global iron-ore tags face up to 30% decline in ’09 Kakela Nov 12, 2008

    Global iron ore prices will drop by 20 to 30 percent in next year’s annual contracts, but the rate of decline will be less than that in the United States, Peter Kakela, professor of resources studies at Michigan State University, predicted at AMM’s 2d Annual Scrap Conference.

  • Aleris posts $197.8-million loss in 3d qtr. Nov 12, 2008

    Aleris International Inc., showing gains in its recycling segment but a downturn in rolled and extruded products, posted a third-quarter loss of $197.8 million, contrasting with year-earlier net income of $3.5 million.

  • Oil prices, rebar markets key scrap indicators Harris Nov 11, 2008

    John Harris, ArcelorMittal USA Inc.’s director of raw materials, was careful not to attach any numbers to the overview he shared on the scrap and steel markets in a keynote presentation at AMM’s 2nd Annual Scrap Conference Tuesday. But he did tell attendees where to look for signs of what direction both sectors might take.

  • Arca on growth path as net falls 18.7% Nov 11, 2008

    Appliance Recycling Centers of America Inc. (Arca) is on an expansion path despite posting an 18.7-percent drop in net income as sales rose 8.1 percent in the third quarter.

  • ISRI members might face suit on NY Superfund site Nov 11, 2008

    At least two Institute of Scrap Recycling Industries (ISRI) members have received a threatening letter telling them that under the federal Superfund law they are liable for damages for the cleanup of the Consolidated Iron & Metal site in Newburgh, N.Y.

  • Arca on growth path, but net falls 18.7% Nov 11, 2008

    Appliance Recycling Centers of America Inc. (Arca) is on an expansion path despite posting an 18.7-percent drop in net income as sales rose 8.1 percent in the third quarter.

  • Aluminum scrap loses brief flicker as prices edge lower Nov 11, 2008

    Last week’s hint of effervescence in the aluminum scrap market has largely vanished as prices showed some weakening.

  • Turkish buying binge boon for US scrapyards Nov 11, 2008

    A flurry of buying by Turkish steel mills, which has doubled ferrous scrap prices during the past week, has provided a much-needed outlet for many scrap dealers along the U.S. East Coast and even those further inland.

  • ISRI members may face suit on New York Superfund site Nov 11, 2008

    At least two Institute of Scrap Recycling Industries (ISRI) members have received a threatening letter telling them that under the federal Superfund law they are liable for damages for the cleanup of the Consolidated Iron & Metal site in Newburgh, N.Y.

  • South Korea leads RSI exports to a two-year high Nov 11, 2008

    U.S. exports of aluminum remelt scrap ingot (RSI) hit a more than two-year high in August as South Korea surpassed Canada and Mexico as the top foreign destination for much of the metal that month.

  • China Armco site to focus on Chinese scrap Nov 10, 2008

    China Armco Metals Inc. will focus its recycling facility in Jiansu province, China, mostly on processing domestic scrap but also will import auto hulks to feed its shredder.

  • Metalico pegs work force cuts at 110 since July Nov 10, 2008

    Metalico Inc. has cut its work force by about 110 employees since July, or a little more than 15 percent of the 725 workers employed by the company at that time.

  • Prices for wrecked aircraft nosedive in auction Nov 10, 2008

    The value of wrecked military aircraft fell to 22 cents a pound from more than 40 cents earlier this year. Such aircraft, with aluminum the dominant material, occasionally becomes available at two sites near Pensacola, Fla., and fetched 57 cents on July 1, and 65 cents and 45 cents on May 6, when two lots were available.

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