Scrap RSS

  • Volatile scrap pricing to push into new year Dec 31, 2012

    Domestic ferrous scrap pricing volatility shows little sign of abating in the new year as the market appears unlikely to adopt new pricing strategies and practices, industry sources said.

  • Dept. of Energy mulls radiological scrap release Dec 31, 2012

    The U.S. Department of Energy (DOE) has requested feedback on a draft environmental assessment that could potentially lead it to release accumulated stockpiles of uncontaminated scrap metals from radiological areas.

  • Sims presses for law to curb illegal recyclables Dec 31, 2012

    Scavengers who illegally raid recyclables by the bagful from New York City sidewalks could face much higher penalties—and Sims Metal Management Ltd. could reap the benefits—if a proposed law is passed.

  • China Steel to spend $78.1M on mill revamp Dec 31, 2012

    China Steel Corp. will spend Taiwan $2.27 billion ($78.1 million) on a five-year revamp of its No. 2 hot-strip mill, which has been in operation for 16 years.

  • W. Coast scrap export tags rise on tight supply Dec 28, 2012

    West Coast ferrous scrap export prices for containerized shipments have jumped about $10 per tonne in the past two weeks, with exporters aiming even higher.

  • Secondary aluminum prices stay steady Dec 28, 2012

    Secondary aluminum prices held steady this past week as smelters reported limited scrap purchases and ingot sales.

  • Turkish long steel export prices rise with scrap Dec 28, 2012

    Turkish long steel prices have continued to increase on the back of strengthening scrap import tags.

  • Novelis eyes closed loop for auto sheet scrap Dec 28, 2012

    Novelis Inc. is looking to set up closed-loop scrap supply chains with its North American automotive aluminum customers to meet an anticipated increase in automotive sheet demand in 2013.

  • Novelis secures UBCs after Evermore exit Dec 28, 2012

    Novelis Inc. encountered a "little increase" in aluminum used beverage can (UBC) prices immediately following its withdrawal from Evermore Recycling LLC, but it is "very pleased" with the transition to its own UBC purchasing team.

  • E-cycler convicted of illegal exports Dec 27, 2012

    An electronic waste recycler and two of its executives have been convicted by a federal jury on several counts related to illegally exporting electronic waste.

  • Bulk ferrous scrap export prices inch higher Dec 27, 2012

    Ferrous scrap export prices have gained momentum after U.S. exporters concluded at least seven bulk cargo sales to Turkey over the past 10 days at slightly higher levels.

  • No deal yet as 14-port strike deadline looms Dec 27, 2012

    The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) are continuing labor contract negotiations with just days to avert a strike that would affect containerized cargo along the East and Gulf coasts.

  • Lisa Jackson quitting EPA leadership Dec 27, 2012

    Lisa P. Jackson has announced plans to step down as administrator of the U.S. Environmental Protection Agency following President Obama’s State of the Union address in January.

  • Conn. study calls for scrap shipment incentives Dec 27, 2012

    Scrap metal exports represent a "potential niche cargo market" for Connecticut’s ports, according to a report commissioned by the state Department of Transportation that calls for more exports to be shipped from the Port of New Haven.

  • China scrap market eyes tax cut to boost supply Dec 27, 2012

    The Chinese government’s latest five-year plan highlights the country’s scrap industry as a key sector, leading market players to expect government-backed growth in that industry in the near future.

  • New Year's holiday notice Dec 27, 2012

    AMM’s offices will be closed Jan. 1 for the New Year holiday, and no issue will be published on Jan. 2. The London Metal Exchange and the New York Mercantile Exchange also will be closed Jan. 1.

  • Mo. recyclers granted Obamacare injunction Dec 21, 2012

    The owners of a Missouri-based scrap metal conglomerate who are suing the U.S. government on claims the Affordable Care Act violates their freedom of religion have been granted temporary immunity from meeting the law’s requirements.

  • ArcelorMittal scrap buyer, Grow, set to retire Dec 21, 2012

    ArcelorMittal USA Inc. scrap buyer H. Allen Grow plans to retire Jan. 2 and will be replaced by Damian Kosempa, AMM has learned.

  • Ports, traders brace for possible ILA strike Dec 21, 2012

    A recent breakdown in negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance Ltd. (USMX) could incite a strike that would affect containerized cargo shipments at ports from Maine to Texas.

  • Tight scrap flows seen buoying January tags Dec 21, 2012

    Tighter scrap flows due to cold weather, reinvigorated demand from steelmakers and strengthening export markets will likely bolster domestic ferrous scrap prices in January, market players agree.

  • Mill-grade aluminum scrap prices down Dec 21, 2012

    Free-market mill-grade aluminum scrap prices dropped further Thursday in step with the London Metal Exchange, while some secondary alloy producers reported surprisingly brisk trade before year-end.

  • Bulk ferrous scrap export prices to Turkey rise Dec 20, 2012

    A fresh round of higher-priced bulk ferrous scrap export sales from the East Coast to Turkey has placed a more positive spin on near-term export tags.

  • Daewoo, Stemcor seek Cosipar pig iron seizure Dec 20, 2012

    The U.S. Marshals Service has been ordered to seize nearly $14.5 million in pig iron en route on the Mississippi River to be held as collateral for money allegedly owed South Korean trading house Daewoo International Corp. by a Brazilian supplier and its related trading company.

  • Scrap trading volumes, values up in '11: ISRI Dec 20, 2012

    Global scrap metal exports were valued at $124.8 billion in 2011, marking a “banner year for global scrap demand,” the Institute of Scrap Recycling Industries said in a report.

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