Scrap

• Metals players batten down as Sandy rages Oct 29, 2012

  The metals industry appeared to be well prepared Monday for the impact of Hurricane Sandy.

• Some E. Coast ports close as hurricane passes Oct 29, 2012

  Major metal-handling ports along the East Coast began shutting down Sunday evening in anticipation of Hurricane Sandy.

• Metalico’s Mueller resigns Oct 29, 2012

  One of Metalico Inc.’s top executives is leaving the company more than one year before his contract is scheduled to expire.

• Texas recycling ordinance tabled, headed for revision Oct 29, 2012

  Recyclers in Abilene, Texas, have managed to stall a proposed metals ordinance and are now invited to provide input on the proposal.

• Two recyclers shutter operations Oct 29, 2012

  In unrelated cases, two metal recyclers have filed notices of dissolution and quietly shut down their operations.

• Assets of Ferromet, Ferrotech on auction block Oct 29, 2012

  The liquidation sale for the assets of Medina, Ohio-based Ferromet Corp. and subsidiary Ferrotech Inc. is under way, with an auction house accepting bids for the bankrupt scrap metal processor’s real estate and equipment.

• Aluminum wheels prices at premium to LME again Oct 26, 2012

  Secondary aluminum wheels are back to trading at a premium above the London Metal Exchange primary aluminum price, though one trader said that demand could cool in the winter months.

• Tokyo Steel slashes scrap buying tags another $12/T Oct 26, 2012

  Tokyo Steel Manufacturing Co. Ltd. has reduced its buying prices for a 14th time since late August, with a surprisingly large cut of ¥1,000 ($12) per tonne for deliveries to its Okayama Works.

• Aluminum alloy prices under pressure Oct 26, 2012

  Free-market aluminum alloy prices have fallen again, with one consumer reporting being offered North American special aluminum alloy contract (Nasaac) metal at 96 cents per pound.

• Market rebound is ahead: Lundgren Oct 25, 2012

  While Schnitzer Steel Industries Inc. expects near-term scrap prices to strengthen, the company warned that the roller-coaster ride will continue until the economy as a whole improves.

• Schnitzer Steel Industries swings to loss Oct 25, 2012

  Schnitzer Steel Industries Inc. swung to a net loss in the fiscal fourth quarter on lower metals recycling volumes and a restructuring charge, but was profitable for the full year with operating cash flow of $245 million.

• Ball results flat as focus turns to specialty cans Oct 25, 2012

  Ball Corp. reported steady revenues in the third quarter and said it expects growth in the specialty aluminum can market to "mask the decline" of the 12-ounce can market in North America.

• Deox prices likely to remain stable in Nov., producers say Oct 25, 2012

  Producers of deoxidized aluminum (deox) have forecast sideways price movements for November, putting transacted prices in a range of 97 cents to $1.03 per pound, although consumers are said to be pursuing transactions in the mid-90-cent range.

• Chinese iron ore imports rise as others slide Oct 25, 2012

  China’s imports of iron ore continued to rise in September, while those of coking coal and ferrous scrap declined, according to Chinese customs data.

• Upstate shredder raises buying prices $37/ton Oct 25, 2012

  The scrap market got a surprise on Thursday when a New York scrap metal processor raised buying prices at its shredder by $37 a gross ton.

• No cancer cluster near Miami recycler Oct 24, 2012

  The Florida Department of Health has determined that there is not a cancer cluster around Miami-based King Metal Recycling LLC.

• CMC sees scrap prices rising in 2013: execs Oct 24, 2012

  Scrap prices should reverse course in the near future as seasonal factors work to tighten the market, top Commercial Metals Co. (CMC) executives said.

• WTO establishes two panels for duty, subsidy complaints Oct 24, 2012

  The World Trade Organization (WTO) established two panels on Tuesday to investigate complaints by the United States concerning Chinese duties on automobiles and by the European Union, which is disputing U.S. compliance on subsidies to the aircraft sector.

• Beverage can stock receipts drop: Aluminum Association Oct 24, 2012

  New aluminum beverage can stock (class) scrap receipts totaled 63.1 million pounds in September 2012, down 5.3 percent from the September 2011 total of 66.7 million pounds, according to the Aluminum Association.

• Novelis opens Asia’s largest UBC recycler in South Korea Oct 24, 2012

  Novelis Inc. has opened Asia’s largest aluminum used beverage can (UBC) recycling facility in Yeongju, South Korea, the company announced late Tuesday.

• Lead battery prices dip on availability Oct 24, 2012

  Free-market junk auto battery prices have eased slightly as market participants report greater availability, although at least one consumer is continuing to pay up to 48 cents per pound delivered for the item.

• E. Coast docks’ scrap buying prices rise Oct 23, 2012

  The East Coast ferrous scrap export market has reportedly found its bottom, with buying prices at the docks showing a modest uptick in Philadelphia and New York, while Boston has remained stable for more than a month.

• Stainless scrap prices continue slide Oct 23, 2012

  Stainless scrap prices have taken another tumble as continuing slack demand takes its toll on processors’ appetite for the material.

• Mich. judge sends shredder lawsuit down to state court Oct 23, 2012

  Three Rivers Metal Recyclers LLC has been dealt another setback in its quest to install an auto shredder after a federal judge kicked a lawsuit filed by the company down to the state level.