Scrap RSS

  • Icahn snaps up CMC shares Nov 17, 2010

    Carl Icahn continues his penchant for bargain share prices and scrap metal, initiating holdings in Commercial Metals Co. (CMC). White Plains, N.Y.-based Icahn Capital LP has purchased 2,457,053 shares of the Irving, Texas-based steel producer and metals recycler, according to a regulatory filing. Icahn also owns Knoxville, Tenn., recycler PSC Metals Inc. through Icahn Enterprises LP. CMC recycles 2,535,000 tons of ferrous scrap and 239,000 tons of nonferrous scrap annually through its Americas Recycling segment. CMC's stock was trading at $14 on the New York Stock Exchange Wednesday, up less than 1 percent from a Nov. 1 close of $13.88 per share but almost 23-percent below the 52-week high of $18.18 per share.  

  • Icahn snaps up CMC shares Nov 17, 2010

    Carl Icahn, with his penchant for bargain share prices and scrap metal, has initiated holdings in Commercial Metals Co. (CMC).

  • Pa. lawmakers OK e-waste bill Nov 17, 2010

    Pennsylvania’s House of Representatives on Monday approved legislation that would establish an electronics recycling program for the state.

  • Aluminum mill scrap prices join market free fall Nov 16, 2010

    Mill grade aluminum scrap prices joined primary aluminum in a free fall Tuesday even as mill demand for scrap remained healthy.

  • Aluminum mill scrap tags join market free fall Nov 16, 2010

    Mill grade aluminum scrap prices joined primary aluminum in a free fall Tuesday even as mill demand for scrap remained healthy.

  • Europe takes more US high-grade copper scrap Nov 16, 2010

    European buyers have been building a greater presence in the high-grade copper scrap market, boosting their intake of U.S. material more than 10 percent in September.

  • Europe takes more US high-grade copper scrap Nov 16, 2010

    European buyers have been building a greater presence in the high-grade copper scrap market, boosting their intake of U.S. material more than 10 percent in September.

  • Aluminum ingot prices trek higher amid strong demand Nov 15, 2010

    Secondary aluminum alloy prices have moved 1 to 2 cents per pound higher due to strong scrap prices and demand.

  • E-scrap processor ERI plans growth into Chinese market Nov 15, 2010

    Electronics Recyclers International Inc. (ERI) plans to expand its operations overseas.

  • Timken jumping into scrap arena with Ohio yard buy Nov 15, 2010

    Timken Co. is making the leap into the scrap metals business with the planned acquisition of City Scrap & Salvage Co. in Akron, Ohio.

  • Nonferrous scrap exports slip in September Nov 15, 2010

    A stronger dollar and higher prices pulled down nonferrous scrap export volumes in September as major Asian consumers reduced their aluminum and zinc scrap purchases.

  • E-scrap processor ERI plans growth into Chinese market Nov 15, 2010

    Electronics Recyclers International Inc. (ERI) plans to expand its operations overseas.

  • US nonferrous scrap exports slip in September Nov 15, 2010

    A stronger dollar and higher prices pulled down nonferrous scrap export volumes in September as major Asian consumers reduced their aluminum and zinc scrap purchases.

  • Timken jumping into scrap arena with Ohio yard buy Nov 15, 2010

    Timken Co. is making the leap into the scrap metals business with the acquisition of City Scrap & Salvage Co. in Akron, Ohio.

  • Turks, Asia drive ferrous scrap export demand gains Nov 12, 2010

    Offshore demand for ferrous scrap remains strong, with buyers from the eastern Mediterranean and Asia both scooping up all the metal they can get from U.S. docks, industry sources said.

  • Turkey, Asia drive ferrous export demand gains Nov 12, 2010

    Offshore demand for ferrous scrap remains strong, with buyers from the eastern Mediterranean and Asia both scooping up all the metal they can get from U.S. docks, industry sources said.

  • Brazilian pig iron prices rise $12 after 3-week market lull Nov 12, 2010

    Brazilian pig iron export prices are on the rise with the booking of a deal to the United States following three weeks of no reported activity.

  • Zimbabwe latest to target scrap exports Nov 12, 2010

    A legislator in yet another African country is targeting scrap, with Edward Chindori-Chininga, chairman of Zimbabwe’s Parliamentary Portfolio Committee on Mines and Energy, calling on national government to ban the export of scrap metals, according to an Internet news report.

  • Ferrous scrapyard adds nonferrous unit expansion Nov 12, 2010

    A Pennsylvania ferrous scrap recycler has begun a $2-million expansion adding a nonferrous recycling facility.

  • Ferrous yard adds nonferrous unit in $2M expansion Nov 12, 2010

    A Pennsylvania ferrous scrap recycler has begun a $2-million expansion adding a nonferrous recycling facility.

  • Ohio foundry fined by state for pollution Nov 11, 2010

    Burnham Foundry LLC has agreed to pay a $17,000 civil penalty to settle air pollution violations at its iron castings plant in Falls Township, Ohio.

  • China’s scrap use to rise to 20 percent in ’15 Nov 11, 2010

    China wants to raise its ferrous scrap consumption in steelmaking to more than 20 percent of total raw materials by the end of 2015, a Nanjing Steel official said, citing the latest proposals for China’s five-year plan.

  • Arca’s quarterly earnings double on new contracts Nov 11, 2010

    New recycling contracts continue to bode well for Appliance Recycling Centers of America Inc. (Arca), which saw its earnings more than double in the third quarter.

  • Venue shift sought in suit over misplaced $127,000 Nov 11, 2010

    An Atlanta, Ga., Burger King franchise owner is seeking to move to a federal court its legal battle with OmniSource Corp.’s southern unit over a misplaced delivery of $127,000 destined for one of its scrapyard’s ATM machines.

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