Scrap

• Alter moves Neb. scrapyard, buys 15-acre site Oct 10, 2011

  Alter Trading Corp. has completed the purchase of a 15-acre location in Lincoln, Neb., where it will relocate its existing Lincoln scrapyard to make way for a new basketball arena.

• Sims buys 2d RI site, scrap fight intensifies Oct 10, 2011

  Sims Metal Management Ltd. has fired the second salvo in its battle with Schnitzer Steel Industries Inc., acquiring the assets of another Rhode Island operation as it targets the New England scrap metal peddle trade.

• Mexico auto scrapping program restart sought Oct 10, 2011

  Mexican automotive industry association Asociación Mexicana de la Industria Automotriz AC (Amia) will press federal legislators to reintroduce a vehicle scrapping program that started in July 2009 and ended in March 2010.

• Sims adds to exporting capabilities with Rhode Island deep-sea facility Oct 10, 2011

  Sims Metal Management’s recently formed New England subsidiary has acquired Promet Marine Services assets, which includes a deep-sea export facility, located in Providence, Rhode Island, the recycler said

• DAILY SCRAP REPORT: Prices fall further as suppliers drop levels in line with recent deals Oct 10, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun fell to $442.48 on an HMS 1&2 (80:20) basis on Monday, down from $444.07 on Friday as export prices from other countries softened in line with recent transactions

• Mills eye £10 ferrous scrap price drop month-on-month for October settlements Oct 10, 2011

  UK mills are bidding £10 ($15.55) per tonne lower month-on-month for October deliveries of ferrous scrap from merchants than they did for September, market participants told MB

• Aluminum scrap said on fragile ground Oct 07, 2011

  Aluminum scrap prices have come under pressure after one large consumer stepped away from the market and others refuse to buy long.

• Demand uncertainty hits secondary alloy prices Oct 07, 2011

  Secondary aluminum alloy prices fell for the second time in a week as market uncertainty about demand over the next few months and softer scrap tags pushed prices down a penny.

• PSC names 3 execs to key nonferrous posts Oct 07, 2011

  PSC Metals Inc. has rehired two former employees and promoted a third to key positions in its nonferrous unit.

• Sims launching share buyback program Oct 07, 2011

  Sims Metal Management Ltd. plans to buy back up to 10 percent of its shares.

• Mills’ rebar hikes stick, more seen coming Oct 07, 2011

  Domestic concrete reinforcing bar producers have achieved their two-tiered price increase, leading sources to suggest there might be nothing to stop them from seeking another hike for November shipments.

• DAILY SCRAP REPORT: Mills take tentative step into market, prices drop Oct 07, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun fell to $444.07 on an HMS 1&2 (80:20) basis on Friday, down by more than $10 from $455.83 on Thursday, as prices to Turkey plummeted

• European secondary aluminium ingot price continues to slip Oct 07, 2011

  European secondary aluminium ingot prices slipped again on Friday as the uncertainty over eurozone economies and subsequent softening of demand continues to hit sales

• Tokyo Steel makes fifth scrap price cut in a week Oct 07, 2011

  Tokyo Steel, Japan's largest electric arc furnace operator, has reduced its scrap purchase prices by a further ¥500 ($6.5) per tonne, taking them to their lowest levels this year

• Erratic ferrous scrap tags foster mart unease Oct 06, 2011

  U.S. ferrous scrap prices have lost some of their recent stability, with prices remaining unchanged in some regions but down by as much as $15 per long ton in others.

• USA Recycling, Exide to test new supply chain Oct 06, 2011

  USA Recycling Industries Inc. will launch a pilot program this month to supply specific scrap metals to Exide Technologies’ smelter operations across North America.

• Buyers spurning ferrous scrap imports Oct 06, 2011

  Southeast Asian ferrous scrap buyers are spurning imports for a fourth consecutive week amid weak demand.

• Hugo Neu plans Puerto Rico scrapyard Oct 06, 2011

  Hugo Neu Corp. will soon make a return to ferrous scrap, six years after stepping away from the industry, with plans to launch a large operation in Puerto Rico, AMM understands.

• Southern Recycling feeder yard voted down Oct 06, 2011

  The Southern Recycling LLC (SoRec) unit of European Metal Recycling Ltd. has been denied a use permit by the Hattiesburg Planning Commission in Mississippi over plans to establish a feeder yard there, a planning commission spokeswoman said.

• ISRI revising e-scrap metal specifications Oct 06, 2011

  The rapidly changing electronic scrap recycling industry and its growing domestic and international trade has led the Institute of Scrap Recycling Industries (ISRI) to revisit its e-scrap specifications.

• UBC recycling falters in August, while producer scrap receipts up Oct 06, 2011

  Aluminum used beverage can (UBC) recycling slipped marginally in August, reversing a two-month trend.

• Grimmel facing $532,000 EPA fine at NH yard Oct 06, 2011

  Grimmel Industries LLC faces $532,000 in U.S. Environmental Protection Agency (EPA) fines for allegedly failing to monitor stormwater discharges at its Portsmouth, N.H., site into a nearby river.

• Charges against ex-Tigers pitcher over La. scrap deal dropped Oct 06, 2011

  Charges have been dropped against former Detroit Tigers pitcher Denny McLain, who had been accused of failing to pay two Louisiana landowners for scrap that his company bought from them.

• Pressure finally tells on UK aluminium scrap prices Oct 06, 2011

  UK aluminium scrap prices finally lost support and fell sharply on Wednesday, with all grades showing significant losses as the market succumbed to the continuing turmoil in European debt markets