Scrap

• DAILY SCRAP REPORT: Turkish mills make move into deep-sea purchases, prices drop Oct 14, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun stood at $434.58 on an HMS 1&2 (80:20) basis on Friday, down from $435.84 on Thursday, as lower-priced deals and a bullish offer were heard on the market

• UK ferrous scrap prices fall £5-10 per tonne for mill and foundry deliveries in October Oct 14, 2011

  Ferrous scrap prices across all grades fell by £5-10 ($7.90-15.80) per tonne month-on-month for deliveries to be made in October, market participants told MB this week

• UK stainless 18/8 solids scrap price climbs on recent nickel moves Oct 14, 2011

  Prices for 18/8 stainless steel solids scrap on the UK inter-merchant market moved up this week on rises in the London Metal Exchange nickel price, merchants told MB on Thursday

• BAN, ISRI clash over electronic recycling survey Oct 13, 2011

  A bitter debate has erupted over data presented in a recent study of electronics recycling practices in the United States, although parties on both sides of the equation did agree that the survey offers no insight on export volumes or trends.

• Scrapyard sued over alleged water discharges Oct 13, 2011

  The California Sportfishing Protection Alliance (CSPA) is suing another recycler, alleging that the company’s operations are polluting local waterways.

• DAILY SCRAP REPORT: Prices fall again, Turkish buyers still quiet Oct 13, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun stood at $435.84 on an HMS 1&2 (80:20) basis on Thursday, down from $437.78 on Wednesday, as offers and deals from Europe continued to fall

• Tokyo Steel makes seventh scrap price cut in fortnight Oct 13, 2011

  Tokyo Steel has reduced its purchase prices of all grades of scrap by a further ¥500-1,500 ($7-20) per tonne for deliveries to all five of its works.

• Illinois weighs cash ban for copper scrap Oct 12, 2011

  A bill introduced in the State of Illinois aims to ban cash payments on certain materials, require identification, lengthen record-keeping requirements and make it illegal for recyclers to purchase from convicted felons.

• Spent battery exports weaken in July Oct 12, 2011

  Exporters of lead-acid batteries needed a pair of jumper cables to recharge their market in July after shipments of the spent units sank 37 percent from the prior month.

• OmniSource’s Michigan workers to return Oct 12, 2011

  Locked-out workers at three OmniSource Corp. facilities in Michigan will be back on the job Oct. 13 after coming to terms with management at the Steel Dynamics Inc.-owned recycling chain.

• Gov’t Liquidation scrap sales contract extended Oct 12, 2011

  The U.S. Defense Department has extended its scrap metal sales contract with Government Liquidation LLC for an additional year to June 8, 2013.

• UK LM6/LM25 aluminium ingot falls on sentiment as volumes remain strong Oct 12, 2011

  UK high-grade secondary aluminium ingot prices fell on Wednesday as deals at the top end dried up on continuing economic uncertainty

• DAILY SCRAP REPORT: More offers into Turkish market from Europe Oct 12, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun stood at $437.78 on an HMS 1&2 (80:20) basis on Wednesday, down from $442.48 on Tuesday, with European and Black Sea prices heralding a further weakening in the market

• Spanish merchants change tack, export ferrous scrap to Turkey Oct 12, 2011

  Spanish merchants have been exporting ferrous scrap to Turkey over the past six weeks because of weak domestic demand, market participants told MB

• Heavy scrap prices in eastern China continue to slide Oct 12, 2011

  Heavy scrap prices in eastern China are still falling in October, exacerbating the slide that started in September

• Scrap prices to SE Asia fall as buyers sit out for a fifth week Oct 12, 2011

  Ferrous scrap offers into Southeast Asia have fallen by another $10 this week as buyers of container scrap sit out for a fifth week and global prices soften

• Pa. copper scrap processor grabs a niche Oct 11, 2011

  A Pennsylvania consultant turned scrap processor is in business, finding a place in a niche market despite a price plunge leading up to his first days in operation.

• OmniSource workers reject latest contract offer Oct 11, 2011

  Locked-out workers at three OmniSource Corp. facilities in Michigan have rejected the company’s contract offer, but the union plans to vote on the matter again this week.

• Colo. execs’ e-waste trial date delayed til Jan. Oct 11, 2011

  A trial date has been reset for two Colorado executives who face charges of alleged fraud, violations of environmental law, smuggling and destruction of evidence while operating electronics waste recycler Executive Recycling Inc.

• TMR buys recycling yard, opens facility in Fla. Oct 11, 2011

  The Trademark Metals Recycling LLC (TMR) subsidiary of David J. Joseph Co. (DJJ) has purchased Rice Iron & Metals Inc. and its assets in Valdosta, Ga., and opened a new yard in Sanford, Fla., about 20 miles northeast of Orlando.

• Empire Becks grand opening for latest NY yard set Oct 11, 2011

  Empire Becks Recycling, formerly Becks Recycling Solutions Inc., will have its grand opening Friday at the company’s yard in Shortsville, N.Y.

• Shredded ferrous scrap prices to India fall again as EU domestic prices tumble Oct 11, 2011

  Prices for shredded ferrous scrap sold to India fell this week as merchants lowered offers on falls in many European domestic markets and weak demand, market participants said

• DAILY SCRAP REPORT: Scrap prices to Turkey expected to soften further Oct 11, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun was unchanged at $442.48 on an HMS 1&2 (80:20) basis on Tuesday, with some market participants expecting prices to soften further

• US ferrous scrap export prices fall Oct 10, 2011

  U.S. bulk ferrous scrap export prices fell between $10 and $20 per tonne last week as shipped volumes off the East Coast dropped and Turkish consumers continued to buy cheaper European scrap.