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Secondary low-copper aluminum alloy tags came under pressure this week after some producers cleared inventory and others cited lower production costs.
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Bad weather coupled with good demand are creating a perfect storm to drive scrap prices higher than most market participants expected.
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Any attempts by Aleris International Inc. to improve payment terms with scrap suppliers in 2011 will be shot down until market confidence improves, suppliers told AMM.
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Winning bids for aluminum scrap to be generated at Boeing Co.’s facilities in Washington state during the first quarter of 2011 rose sharply from fourth-quarter levels, with briquetted borings logging gains ranging from 8.4 to 21.7 percent.
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The U.S. District Court for the Western District of Washington at Seattle has dismissed the lawsuit filed by the Basel Action Network (BAN) against the Institute of Scrap Recycling Industries (ISRI) and the International Association of Electronic Recyclers alleging ISRI’s “controversial use of its generic certification mark” for its Certified Electronics Recycler program.”
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One man was killed and two others injured when a fuel tank exploded at Indiana’s Green Tech Transfer & Recycling LLC.
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An interstate rail hub is suing a Texas recycler over fees for a fleet of rusting rail cars—originally slated to be salvaged and scrapped for their metal—left uncollected for almost two years.
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Schnitzer Steel Industries Inc. continued its recent buying spree Wednesday, announcing a definitive agreement to acquire substantially all the assets of Selkirk Recovery Inc., the parent company of Duncan, British Columbia-based Steel Pacific Recycling.
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Annual aluminum scrap contracts for 2011 have tied up larger volumes than in previous years, which could put pressure on some grades in the spot market next year, market sources said.
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Aluminum scrap prices rose this week as flows were reduced drastically and markets went quiet. Heavy snowfall in parts of the Midwest, like northern Indiana, also caused minor delivery delays.
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Aluminum scrap prices rose this week as flows were reduced drastically and markets went quiet. Heavy snowfall in some Midwest regions like northern Indiana also caused minor delivery delays.
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Schnitzer Steel Industries Inc. continued its recent buying spree Wednesday, announcing a definitive agreement to acquire substantially all the assets of Selkirk Recovery Inc., the parent company of Duncan, British Columbia-based Steel Pacific Recycling.
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Sims Recycling Solutions Canada has opened an advanced electronic scrap recycling facility in Mississauga, Ontario.
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An interstate rail hub is suing a Texas recycler over fees for a fleet of rusting rail cars—originally slated to be salvaged and scrapped for their metal—left uncollected for almost two years.
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U.S. exports of aluminum scrap recovered slightly in October, with demand from South Korea and India increasing as Chinese orders remained flat.
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Annual aluminum scrap contracts for 2011 have tied up larger volumes than in previous years, which could put pressure on some grades in the spot market next year, market sources said.
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There is a growing sense of restlessness in China’s copper scrap market following the recent surge in primary copper prices, leaving players mixed on what direction the market might take in the short term.
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One man was killed and two others injured when a fuel tank exploded at Indiana’s Green Tech Transfer & Recycling LLC.
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PSC Metals Inc. has named David Spector president of the company, one of three executive moves announced by the Cleveland-based scrap processor.
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U.S. nonferrous scrap exports regained momentum in October, almost negating September’s slip.
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Electronic waste recycler Universal Recycling Technologies LLC (URT) plans to open its ninth facility, its second in Janesville, Wis.
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Schnitzer Steel Industries Inc. has entered a definitive agreement to acquire substantially all the assets of Amix Salvage & Sales Ltd., Vancouver, British Columbia.
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PSC Metals Inc. has named David Spector president of the company, one of three executive moves announced by the Cleveland-based scrap processor.
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U.S. nonferrous scrap exports regained momentum in October, almost negating September’s slip.