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U.S. West Coast ferrous scrap tags look poised to shed another $10 per gross ton as export sales and weaker domestic pricing forced at least one large exporter to reduce buying prices Tuesday.
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Stemcor USA Inc. is seeking nearly $5 million from a Brazilian supplier and its trader for allegedly not delivering shipments of pig iron.
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Wise Recycling LLC has announced three appointments at its North Carolina operations.
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Aleris International Inc. will discontinue using pricing formulas based on the London Metal Exchange’s North American special aluminum alloy contract (Nasaac) in favor of measurements that correspond more closely with its scrap purchasing costs.
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A weeklong stalemate in U.S. exports of ferrous scrap to Turkey was finally broken Tuesday.
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Processor buying prices for stainless steel scrap have fallen amid weak domestic mill demand and a downward trend in raw materials pricing.
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A customer of Eastern Metal Recycling LLC died shortly before noon Monday after being struck by a runaway company forklift.
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Free-market mill-grade aluminum scrap prices have dropped slightly, in step with a downturn in London Metal Exchange pricing, while secondary aluminum scrap and alloy prices were largely unchanged.
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U.S. East Coast ferrous scrap bulk exporters continued their stalemate over new price levels with buyers for Turkish mills, rendering the market inactive.
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Ferrous scrap prices in Chicago have dropped between $45 and $51 per gross ton for different grades as buyers took advantage of weak demand and strong prime scrap flows, as anticipated.
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Japanese scrap prices are failing to find a bottom as Tokyo Steel Manufacturing Co. Ltd. continues to slash its buying prices.
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Metal Exchange Corp. is suing a recycler for trademark infringement, alleging that the company is illegally using a patented logo and namesake that Metal Exchange owns in order to lure customers.
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Sims Recycling Solutions Americas has promoted Sean Magann to vice president of sales and marketing.
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Finished steel production outages are wreaking havoc on the domestic ferrous scrap market, with scaled-back melt schedules reducing mills’ scrap needs by at least 25 percent, market sources said.
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Copper scrap prices generally declined Thursday as buyers sat out of the market amid slowing orders and rising Comex copper prices.
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Steel mills in Detroit hit the ground running Thursday and within a few hours of trading sent ferrous scrap prices down between $60 and $65 per gross ton for October deliveries.
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Crunch Risk LLC traded contracts representing 1,400 gross tons on CME Group Inc.’s new No. 1 busheling futures contract Thursday, it said, marking the first midsized trade for the fledgling product.
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West Converters & Scrap Metal is facing the forfeiture of money seized from the Laceys Spring, Ala., recycler.
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Mettracle Metal Recycling is asking permission to open a 4.24-acre scrap processing yard in Elsinore, Calif.
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Hugo Neu Corp. is awarding a $75,000 grant to California environmental group San Francisco Baykeeper to support efforts to protect the San Francisco Bay from pollution.
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Domestic ferrous scrap prices appear likely to settle weaker than originally anticipated in October as some early trades and a deafening silence from consumers point toward significant price erosion, according to several market participants.
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U.S. West Coast ferrous scrap export prices are expected to weaken after a handful of large California exporters announced price drops at their yards.
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Four New York men have been convicted of stealing processed scrap that was en route to a steel mill.
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Japanese scrap tags continue to decline as Tokyo Steel Manufacturing Co. Ltd. has again reduced its scrap buying prices amid lackluster demand and falling export tags.