Scrap

• BIR: US domestic ferrous scrap prices could weaken by $20 per ton in November, Kelley says Oct 25, 2011

  Ferrous scrap prices could fall by around $20 per long ton in the US domestic market in November, Sims Metal Management executive Blake Kelley told delegates at the Bureau of International Recycling autumn roundtable event in Munich on Tuesday

• Chinese scrap use could hit 100 million tonnes in 2011, Willeke says Oct 25, 2011

  Chinese scrap use could amount to 100 million tonnes in 2011, Bureau of International Recycling ferrous division statistics adviser Rolf Willeke told a news conference at the BIR’s autumn roundtable event in Munich on Monday.

• BIR: Van Dalen UK to expand operations to 1m tpy in next three years, Bird says Oct 25, 2011

  Van Dalen Recycling UK is looking to expand its metals handling capacity to 1 million tpy over the next three years with a mixture of investments that could include acquisitions, md Tom Bird told MB on the sidelines of the Bureau of International Recycling roundtable event in Munich on Monday

• Asian offers sink US ferrous export tags Oct 24, 2011

  U.S. ferrous scrap export prices have dropped at least $10 per tonne after East Asian consumers lowered their offers and Turkish tags stabilized.

• DJJ aims to lift nonferrous metals recovery Oct 24, 2011

  David J. Joseph (DJJ) is expanding its U.S. scrap flotation facilities in an attempt to recover larger volumes of nonferrous metals from its scrap mix.

• Fla. scrap trader convicted on two charges Oct 24, 2011

  A scrap metal trader who allegedly hired a mafia enforcer and traveled cross-country with him to assault a scrap dealer and force him to write more than $250,000 in checks has been convicted on federal charges.

• Waxman ‘no contact’ list in bail terms Oct 24, 2011

  Former Philip Services Corp. executive Robert K. Waxman is barred from associating with 30 individuals under the terms of his release on bail.

• Mich. recycler Regal seeking to expand Oct 24, 2011

  Southeast Michigan recycler Regal Recycling Inc. is seeking to expand its scrap metal and auto salvage operation.

• DAILY SCRAP REPORT: Ferrous scrap price levels could fall further, traders say Oct 24, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun was unchanged at $429.80 on an HMS 1&2 (80:20) basis on Monday, with merchants more interested in market predictions at the Bureau of International Recycling (BIR) roundtable event in Munich, rather than selling to Turkey

• Tri Metal planning to set up 34-acre Alaska export yard Oct 24, 2011

  A new player in the Alaska scrap market is seeking permission to establish a 34-acre scrap processing yard that will prepare material for an export business it has launched.

• US ferrous scrap outlook darkens Oct 21, 2011

  Domestic ferrous scrap prices, which have traded in a narrow to almost sideways range for much of the year, might hit the skids and plunge by $30 per ton or more in November, some industry sources are predicting.

• Ky. lawmaker pushing new scrapyard laws Oct 21, 2011

  The Kentucky state legislature has introduced a bill aimed at combating copper thefts that would put in place stiffer reporting requirements on copper sales.

• UBC recycling slips for 2d consecutive month Oct 21, 2011

  Aluminum used beverage can (UBC) recycling rates dropped for a second consecutive month in September, even as collection volumes exceeded levels seen in the same month last year.

• Schnitzer’s net boosted by scrap sales Oct 21, 2011

  Record scrap shipments and price gains helped boost Schnitzer Steel Industries Inc.’s bottom line results by 77.3 percent for the fiscal year ended Aug. 31 on revenue that rose 69.2 percent.

• DAILY SCRAP REPORT: Ex-US scrap price levels become clearer as index rises Oct 21, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun moved up to $429.80 on an HMS 1&2 (80:20) basis on Friday, from $427.67 on Thursday

• UK 18/8 stainless steel solids prices fall $79 on nickel fluctuations Oct 21, 2011

  UK inter-merchant 18/8 stainless steel scrap solids prices fell this week on fluctuations in the London Metal Exchange three-month nickel price, market participants told MB

• Icahn's takeover record includes hits—and misses Oct 20, 2011

  As Carl Icahn shifts his pursuit of Commercial Metals Co. (CMC) into high gear, a review of the tycoon’s track record provides ample proof that not every takeover target is acquired.

• Icahn targets three CMC board seats Oct 20, 2011

  Investor Carl Icahn is mounting a drive to seat his nominees on the board of Commercial Metals Co. (CMC), while also moving to neutralize a poison pill measure it implemented this past summer to thwart the corporate raider’s pursuit.

• Secondary alloy prices ease on scrap, Nasaac Oct 20, 2011

  Secondary aluminum alloy prices lost further ground this week, dropping at least 1 cent across all alloys as some scrap grades softened and lower terminal markets dragged down free-market tags.

• Aluminum scrap exports log 3-year high in Aug. Oct 20, 2011

  U.S. aluminum scrap exporters maintained their summer momentum, with shipments hitting a three-year high as they approached the 200,000-short-tons mark in August.

• DAILY SCRAP REPORT: Levels stabilise as buyers take steady approach Oct 20, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun held at $427.67 on an HMS 1&2 (80:20) basis on Thursday, unchanged from a day earlier as Turkish buying appeared to be slowing

• FREIGHT REPORT: Capesize rates to China follow BCI up Oct 20, 2011

  Iron ore freight rates on two of the main routes to China pushed up Thursday, brokerage firm Clarksons told MB

• China scrap tags plunge; steel mart 'freefalls' Oct 20, 2011

  Heavy scrap prices in eastern China fell by 290 yuan ($45) per tonne this week, tracking what one source describes as a "freefall" in the steel market

• SE Asia returns to scrap market as offers go below $450 cfr Oct 20, 2011

  Southeast Asia is booking ferrous scrap again after a six-week absence, as import offers fall below $450 per tonne cfr