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Two large U.S. exporters that were expected to fight any further deterioration in ferrous scrap export prices to Turkey appear to have succeeded, sources told AMM.
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The domestic ferrous scrap market looks to be heading for a downturn in October, sources told AMM, with the tone for imminent price weakness apparently set by an early shredded scrap sale by an upstate New York dealer.
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Scrap prices won’t rebound in the near term, according to a top executive at A&A Midwest Recycling, whose bearish forecast for the fourth quarter stems from a slowdown in the Chinese economy and financial issues facing Europe.
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Miller Compressing Co. is facing $70,000 in fines for allegedly failing to take measures that would have prevented electricity from reaching its shredder during maintenance.
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Scrap lead battery prices remained unchanged this week despite a big run-up in primary lead prices as consumers looked to take advantage of supply fundamentals.
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U.S. ferrous scrap export prices dropped another $5 per tonne Tuesday as market participants reported new sales to Turkey.
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Secondary aluminum alloy producers refused to lower prices Monday as a mixed scrap market offered support against further weakening in terminal exchange prices.
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An Ohio scrapyard owner will not be reimbursed for damages a firefighter allegedly caused to the recycler’s equipment while putting out a fire in October 2010.
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Exide Technologies has initiated plans to lay off employees at its Frisco, Texas, secondary lead recycling facility, which is slated for closure by year-end.
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Teresa Rogers has joined Upstate Shredding LLC-Ben Weitsman & Son Inc. as a senior buyer.
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U.S. ferrous scrap export prices for bulk shipments shed about 2 percent this past week after buyers successfully took advantage of weak market sentiment.
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North American merchant pig iron and hot-briquetted iron (HBI) buyers have indicated that they won’t purchase any of the scrap substitutes if producers don’t lower their offers significantly.
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A yearlong dispute between electronics recycler Intercon Solutions Inc. and environmental activist group Basel Action Network (BAN) has escalated with the company’s latest legal volley.
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U.S. exporters booked at least three more bulk sales to Turkey Friday, with some reporting a slight price softening.
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Eight workers at scrap metal operations in South Carolina have been arrested for allegedly violating the state’s nonferrous metal purchasing laws.
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Secondary aluminum alloy producers are frustrated by a downturn in free-market prices driven by a settling in London Metal Exchange tags, while some scrap prices also corrected after a week-earlier surge.
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European secondary aluminum ingot prices rose Friday as the market reacted to sharply increasing aluminum prices on the London Metal Exchange.
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T-N-L Crushing LLC has been issued a salvage license, giving the Minnesota scrap metal business legitimized status, even though it has been open for more than a year.
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The ferrous scrap market is bracing for another precipitous drop in October, with mill order books showing holes and a shredder in upstate New York already offering material at prices that are down $35 per gross ton.
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A scrap peddler is seeking to open a metals recycling yard in Tallula, Ill.
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BRP Partners LLC has cleared two hurdles in its efforts to open a materials processing and metals salvage yard in Norcross, Ga.
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&A Midwest Recycling has started to accept electronic scrap at its Las Vegas facility.
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Three people have been arrested in New York for allegedly stealing vehicles off city streets and selling them to a scrap metal recycler in Queens.
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A program aimed at encouraging better electronic recycling practices has been launched by the U.S. Environmental Protection Agency.