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Hot on the heels of a CBS Television documentary that blasted domestic electronics scrap recyclers for exporting hazardous waste to developing countries such as China, two groups have joined forces in an attempt to promote responsible handling of defunct electronic equipment.
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Novelis Inc., unable to keep pace with energy and other input costs, fell deeper into the red in its fiscal second quarter.
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Metalico Inc., Cranford, N.J., estimates it has cut its work force by 110 employees since July, or a little more than 15 percent of the 725 workers employed by the company at that time, it told AMM.
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Novelis Inc.’s loss widened to $103 million during the fiscal second quarter ended Sept. 30 from a loss of $19 million in the year-earlier quarter, on sales that rose 4.9 percent to $2.96 billion from $2.82 billion.
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Copper scrap prices eroded further this week as Chinese buyers continue to renege on contracts and the U.S. domestic slowdown shows few signs of abating, market sources said.
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David J. Joseph Co. has opened an international scrap metals trading office in Hong Kong.
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Alexin LLC’s $58-million aluminum billet casting facility in Bluffton, Ind., began commercial operations during the first week of November, the company said.
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Metalico Inc., Cranford, N.J., is shifting toward direct buying of discarded catalytic converters as it upgrades a business segment that subtracted $8.3 million from bottom-line earnings in the third quarter.
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A steep slide in zinc prices and weaker metal sales reined in third-quarter revenue and earnings for Horsehead Holding Corp., the parent company of Horsehead Corp.
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The tension over cancellations of scrap contracts intensified Friday, as the Bureau for International Recycling (BIR) sent a formal letter to European authorities expressing “serious concern” over buyers backing out of deals.
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Metalico Inc., Cranford, N.J., is shifting toward direct buying of discarded catalytic converters as it upgrades a business segment that subtracted $8.3 million from bottom-line earnings in the third quarter.
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A steep slide in zinc prices and weaker metal sales reined in third-quarter revenue and earnings for Horsehead Holding Corp., the parent company of Horsehead Corp.
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Alexin LLC’s $58-million aluminum billet casting facility in Bluffton, Ind., began commercial operations during the first week of November, the company said.
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David J. Joseph Co. has opened an international scrap metals trading office in Hong Kong.
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The scrap value of wrecked military aircraft auctioned in Florida fell to 22 cents from over 40 cents earlier this year.
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PSC Metals Inc. posted third-quarter net income of $19.7 million, nearly double earnings of $10.1 million in the same period last year, on sales that doubled to $406.6 million from $199.6 million.
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Tokyo Steel Manufacturing Co. Ltd., Japan’s biggest electric-arc furnace operator, said it is cutting ferrous scrap purchase prices further and halting steel exports to Asia amid the worsening economic crisis.
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PSC Metals Inc. posted third-quarter net income of $19.7 million, nearly double earnings of $10.1 million in the same period last year, on sales that doubled to $406.6 million from $199.6 million.
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Asian demand for zinc scrap was mixed in August, with China’s take of the galvanizing scrap rising 18.5 percent during the month, while other users in the region trimmed their buys.
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Asian demand for zinc scrap was mixed in August, with China’s take of the galvanizing scrap rising 18.5 percent during the month, while other users in the region trimmed their buys.
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Arkansas Aluminum Alloys Inc. is shutting down production and canceling a planned merger with fellow secondary aluminum producer Spectro Alloys Corp.
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Secondary aluminum alloy prices slipped another 3 or 4 cents a pound, depending on grade, in the past week. What had been a recently widening gap between scrap and ingot seems to have reversed slightly.
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Secondary aluminum alloy prices slipped another 3 or 4 cents a pound, depending on grade, in the past week. What had been a recently widening gap between scrap and ingot seems to have reversed slightly.
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A worker from a temporary staffing agency was critically injured in an Oklahoma scrapyard explosion, a local newspaper reported Wednesday.