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Ferrous scrap prices for deliveries to mills in the UK are set to fall for a second successive month in November, as mills use the dull export market to drive down buying prices, merchants told MB this week
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MB’s Daily Ferrous Scrap Index cfr Iskenderun dropped to $425.18 on an HMS 1&2 (80:20) basis on Thursday, from $427.34 a day earlier, as a succession of deals at lower levels were heard on the market
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China will be self-sufficient in ferrous scrap within 15 years, as the domestic supply increases significantly, according to Jacky Chun, ceo of China Metal Recycling (CMR)
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Ferrous scrap offers into Southeast Asia fell to a record low this year as sluggish demand in the region continues to drive down prices
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PSC Metals Inc. has acquired assets from Metals Solutions LLC and Knox Recycling Inc., both Knoxville, Tenn., scrap processors.
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The U.S. stainless scrap export market displayed more luster in August as shipments to offshore mills rebounded from the previous month.
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MB’s Daily Ferrous Scrap Index cfr Iskenderun dropped to $427.34 on an HMS 1&2 (80:20) basis on Wednesday, from $428.17 on Tuesday, as lower priced deals and assessments led to a minor shift-down
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Spanish mills have lowered their bid prices for imported ferrous scrap in the past week, as they look to pick up small tonnages of material at discounted levels, market participants told MB
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Akron Iron & Metal LLC has agreed to pay a $142,200 penalty to settle alleged violations of Ohio’s air pollution control laws at its Canton, Ohio, metal salvage operation.
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Alabama recycler Recycle USA Inc. has cleared a major municipal hurdle that will allow it to expand.
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A Tennessee recycler has moved a step closer to expanding its operations after the local planning commission recommended rezoning of its property.
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Scrap metal legislation that will tighten regulations for St. Louis recyclers is headed to the mayor’s desk and is expected to be signed into law.
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Lakeside Auto Recycling has received approval from city officials in Omaha, Neb., to expand its scrap and salvage service operations.
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Prices for ferrous scrap imported into India fell again this week on weak demand from buyers returning from the Diwali holiday and an uncertain outlook, market participants told MB
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Idaho recycler United Metals LLC is seeking a special-use permit that would allow it to expand its headquarters operations.
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MB’s Daily Ferrous Scrap Index cfr Iskenderun rose to $428.17 on an HMS 1&2 (80:20) basis on Tuesday, up from $425.97 on Monday
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Although China has sharply boosted its consumption of nickel pig iron, the London Metal Exchange’s nickel price will still play a key role in determining the price of nickel pig iron as well as primary nickel, according to an industry analyst.
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Another lawsuit alleging breach of contract has been filed against Severstal Columbus LLC by one of its former suppliers.
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Three men have been arrested in connection with the alleged theft of 17,636 pounds (8.8 short tons) of nickel briquettes from the Allegheny Technologies Inc. (ATI) plant in Brackenridge, Pa.
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Environmental group Basel Action Network (BAN) has launched a blog.
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The owner of a Milwaukee recycling business has been found dead of a gunshot wound, the victim of an apparent homicide.
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MB’s Daily Ferrous Scrap Index cfr Iskenderun rose to $425.97 on an HMS 1&2 (80:20) basis on Monday, up from $422.94 on October 28 as US scrap prices pushed the index up
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Tokyo Steel has ended the month with a thirteenth reduction in its scrap purchase prices, cutting them by ¥1,000 ($13) per tonne for deliveries of all grades to all five of its works
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Restructuring charges from closing a half dozen assets pushed Commercial Metals Co. into the red this past quarter, but the company said the move will increase its profitability and balance sheet going forward.