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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $412.63 per tonne on an HMS 1&2 (80:20) basis on November 23, up from $412.51 the day before as prices for cargoes to Turkey stabilised.
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Ecore, the Netherlands-headquartered scrap company, has acquired Luxembourg-based Recylux, sources close to the transaction told Metal Bulletin.
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A start-up silicon and ferrous scrap recycling company chaired by steel veteran John Correnti is aiming to bring a new silicon plant online at a brownfield site owned by Alcoa Inc. by mid-2013, but it is facing headwinds from the local Stanly County government, a company executive told AMM.
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Secondary aluminum alloy prices are struggling to hold their ground amid a softening in terminal markets.
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The U.S. ferrous scrap market appears to have hit bottom, but opinions are mixed on whether there will be a sideways shift or slight uptick in business in December to January amid lighter melting schedules at most of the mills due to the holiday season.
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Southern Recycling LLC (SoRec) is appealing the decision by a Mississippi planning commission to deny the company a use permit to construct a feeder yard.
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Wise Metals Group LLC has appointed Monte D. Schaefer as its chief financial officer, the company announced Tuesday.
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Officials in Maury County, Tenn., have approved a recycler’s request to set up shop on a vacated three-acre parcel.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $412.51 per tonne on an HMS 1&2 (80:20) basis on November 22, up from $410.07 the day before on higher priced offers from US east coast exporters.
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Prices for shredded ferrous scrap imported into India were unchanged this week as few buyers looked to acquire material in the face of a volatile US dollar to Indian rupee exchange rate.
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Tandom Metallurgical will expand its non-ferrous trading operations after appointing Nick Rose to its trading team
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An Indiana auto shredder that already faces being placed in receivership for allegedly walking on $4.9 million in loans suffered a fire Saturday that required firefighters from four towns to put out the blaze.
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Ferrous scrap export prices have begun to push higher amid expectations that the domestic market will rise modestly in December, market participants said.
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Indiana recycler 360 Degree Metal Recycling Inc. has been given the regulatory all-clear to begin construction of a proposed shredder in New Carlisle.
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A weakening in copper scrap deliveries helped pulled down overall U.S. exports of nonferrous scrap in September, with monthly volumes down more than 6 percent from August levels.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun fell to $410.07 per tonne on an HMS 1&2 (80:20) basis on Monday, down from $410.10 on Friday
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Massachusetts recyclers are breathing a sigh of relief over the language of a proposed bill making its way through the state House of Representatives that would tighten regulations for scrap metals.
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Prices for 18/8 stainless steel solid scrap fell this week on dropping London Metal Exchange three-month nickel levels and the weakness in the domestic ferrous market
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun fell to $410.10 per tonne on an HMS 1&2 (80:20) basis on Friday, down from $415.35 on Thursday
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The Institute of Scrap Recycling Industries has welcomed the passage of a Senate resolution expressing support for improvement in the collection, processing and consumption of recyclable materials.
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A price standoff in the ferrous scrap export market this week has market participants wondering if this month’s fight for higher prices will once again result in a drop in shipping volumes.
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A Pennsylvania recycler says he’s growing increasingly frustrated with the way scrapyards are unfairly associated with metals theft when it’s the yards themselves that are often the victims.
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Aluminum used beverage can (UBC) recycling rates reversed course in October, posting a marginal volume gain after logging two months of declines.
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Competition in upstate New York’s scrap market is heating up after scrap metal recycler Niagara Metals LLC made its first acquisition this week.