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Lower revenue in a falling nickel and stainless steel pricing environment pushed Industrial Services of America Inc. (ISA) into the red in the third quarter.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun fell to $416.83 on an HMS 1&2 (80:20) basis on Monday, down from $421.10 on Friday, as news of some bulk cargoes reached the market
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Growing production of hot-rolled flat steel products in Turkey will gear the country’s scrap-buying patterns toward higher-quality prime scrap, according to Tayfun Iseri, coordinator at steel manufacturer Colakoglu Metalurji AS.
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Nova Scotia is the second Canadian province to consider regulating its metals recycling industry, introducing the Safe Collection of Scrap Metal Act.
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A Santa Rosa, Calif., scrap processor and auto wrecker facing a 23-count criminal complaint over alleged environmental violations has been granted a request for an early court hearing.
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A story in the Nov. 11 edition of AMM regarding a metals thefts ordinance adopted in Lee County, Fla., stated that the new law requires scrap dealers and processors to make electronic payments or mail checks for all metals they buy, and not pay in cash. The requirement for electronic payment or check only applies to 18 items listed in the ordinance.
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Flashlight maker Streamlight Inc. and its distributors have recycled more than 3,200 pounds of rechargeable batteries during the third quarter and 12,500 pounds of flashlight batteries so far in 2011, the company said.
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Prices for UK ferrous scrap to be delivered during November fell by £15-25 ($24-40) per tonne on weak export demand for most grades and a tailing-off in domestic steel mill consumption for low residual grades
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European secondary aluminium prices were stable on Friday, even as producers reported predominantly lower prices for concluded business
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $421.10 on an HMS 1&2 (80:20) basis on Friday, down from $421.57 on Thursday, as short sea prices for demolition grade A3 material fell
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Prices for UK 18/8 inter-merchant stainless scrap solids fell again this week on further losses in the London Metal Exchange nickel price
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With markets on an obvious downtrend and the world economy stagnating, I would like to introduce readers to the current Russian ferrous scrap export situation
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The different scrap-generating regions in the United States continue to face their own unique sets of challenges and opportunities, with some areas proving much more sensitive to the fickle export market.
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The global scrap market is growing as the number of players in the domestic sector is narrowing, increasing opportunities for small players to export.
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The steep tumble in November ferrous scrap prices came as a surprise, and the market may have to prepare itself for more of the same when the next round of deals is concluded.
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A Port Arthur, Texas, oil refinery has filed suit against a demolition company, claiming it has failed to pay more than $300,000 for scrap metal it received from the refinery.
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A southern Florida county this week enacted an ordinance aimed at deterring metal thefts but without damaging recycling businesses.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $421.57 on an HMS 1&2 (80:20) basis on Thursday, unchanged from Wednesday as this week’s buying lull continued
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Sims Metal Management expects a “tough trading environment” for at least the rest of this year as falling ferrous prices and seasonal factors affect the markets, group ceo Daniel Dienst told board members at the company’s annual general meeting on Thursday.
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Nucor Corp. will reduce its raw materials surcharge for concrete reinforcing bar, merchant bar and structural steel products by $30 per ton ($1.50 per hundredweight) while increasing its base price by $15 per ton (75 cents per cwt), resulting in a net reduction in transaction prices of $15 per ton effective with Nov. 9 shipments, according to a letter to customers.
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The quality of material and an ability to work with a steel mill is more critical to a domestic producer than the price of scrap, according to a top executive at Evraz Inc. North America.
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A pickup in demand for aluminum can body stock after a slight pullback earlier in the year has led to a tightening of supply in the North American used beverage can (UBC) sector, a top Novelis Inc. executive said Wednesday.
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Novelis Inc.’s scrap inputs will grow to 4 million tons by 2020 from 1 million tons today, a top company executive said Tuesday at AMM’s Recycled Aluminum Conference in Chicago.
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Investigators in Jackson County, Ala., have charged a man with second-degree kidnapping after he allegedly confronted a worker at a scrapyard and forced him into a car at gunpoint.