Scrap

• Wise Recycling files second suit vs. ex-manager Sep 20, 2012

  Wise Recycling LLC has filed another lawsuit against Jody Standley, alleging that the former sales manager at the company’s Clayton, N.C., headquarters conspired with a family member to overpay for unsegregated scrap deliveries.

• Indian scrap buyers wary amid US strike fears Sep 20, 2012

  East Coast exporters are still struggling to book any meaningful sales of containerized ferrous scrap to India as demand remained virtually absent this week, sources told AMM.

• Texas joint venture uniting Proler, Newell Sep 20, 2012

  Proler Steel International and Newell Joint Venture Investments LP are teaming up to open a scrapyard in eastern Texas.

• Wash. recycler Sutter Metals facing lawsuit Sep 20, 2012

  Sutter Metals LLC, which also does business as Lacey’s Auto Recycling, is being sued by an environmental group for allegedly violating the Clean Water Act.

• Busheling contract said gaining traction Sep 19, 2012

  Recent physical scrap market volatility is unlikely to abate soon, making CME Group Inc.’s nascent No. 1 busheling futures contract an attractive tool for market players looking to mitigate pricing risk, Kataman Metals LLC director of steel trading Brad Clark said.

• Price weakness lifts ferrous exports in July Sep 19, 2012

  U.S. ferrous scrap exports posted a modest gain in July as a rebound in Chinese demand and strong sales to Turkey helped negate volumes lost to an elusive South Korean market.

• Ferrous scrap eyes bottom, export prices fall Sep 19, 2012

  U.S. ferrous scrap export prices to Turkey shed a few more dollars this week after one exporter completed two bulk cargo sales off the East Coast.

• JCI launches $150M battery recycling plant Sep 19, 2012

  Johnson Controls Inc. (JCI) has officially opened its new $150-million lead-acid battery recycling plant in Florence, S.C.

• Flint yards brace for tougher rules on Dec. 1 Sep 19, 2012

  Scrap recyclers and their suppliers in Flint, Mich., are facing stiffer scrap metal rules, including a ban on buying aluminum siding.

• Sims opens second Utah facility Sep 19, 2012

  Sims Metal Management Ltd. has opened its second scrapyard in Utah.

• Taiwan buys lift W. Coast container scrap tags Sep 18, 2012

  West Coast export prices for containerized ferrous scrap appear to have made a modest recovery as buyers in Taiwan lifted tags to secure volume.

• Sadoff Iron & Metal to buy Nebraska recycler Sep 18, 2012

  Sadoff Iron & Metal Co. is purchasing a Nebraska scrap metal recycler as part of its effort to expand its footprint in the state.

• Aluminum wheel tags back in line with LME Sep 18, 2012

  Scrap aluminum wheel prices have moved back in line with those on the London Metal Exchange after trading at a premium for much of the year, with one trader claiming that the recent surge on the LME has boosted availability.

• Aluminum UBC reclamation climbs in Aug. Sep 18, 2012

  Aluminum used beverage can (UBC) reclamation trended up in the United States last month, while new can stock (class) receipts also increased, according to Aluminum Association data.

• Stainless scrap prices up, brokers wary Sep 18, 2012

  Stainless scrap broker buying prices have been further boosted by higher nickel tags even as market sources questioned the sustainability of nickel’s rise and the strength of underlying demand.

• Sims’ NC yard gets safety award Sep 18, 2012

  Sims Metal Management Ltd.’s scrapyard in New Bern, N.C., has received the state Department of Labor’s Safety and Health Achievement Recognition Program (Sharp) award.

• Schnitzer faces end of subsidy in Hawaii Sep 18, 2012

  Schnitzer Steel Industries Inc. is facing the loss of a Hawaiian recycling subsidy as the Honolulu City Council considers a bill that would eliminate the discount.

• Aluminum scrap, alloy prices increase Sep 18, 2012

  Free-market aluminum scrap and secondary alloy prices rose further Monday, although not as dramatically as forecast last week, as London Metal Exchange prices appeared to level out after almost a month of steady gains.

• Canal remediation to cost Wis. recycler up to $1.8M Sep 18, 2012

  Miller Compressing Co. has agreed to pay as much as $1.8 million to improve the quality of a contaminated canal in Wisconsin.

• Tri Coastal Trading names DJJ’s Broom vice president Sep 18, 2012

  Tri Coastal Trading LLC has hired Bob Broom to serve as the scrap broker’s vice president of trading.

• Turkish buys further sink US scrap export tags Sep 17, 2012

  U.S. bulk export prices dropped another 4 percent this past week after Turkish mills returned to U.S. shores with lower tags attached to large-volume deals.

• Rochester Aluminum starts new furnace Sep 17, 2012

  Rochester Aluminum Smelting Canada Ltd. has installed a new furnace with a capacity of 100,000 pounds at its facility in Concord, Ontario as it looks to keep pace with a “very competitive” deox market.

• Owners of Idaho scrapyard jailed Sep 17, 2012

  The owners of an Idaho recycling company have been jailed in Oregon for allegedly shortchanging an elderly couple by at least $10,000.

• Belton Metal worker dies in accident Sep 17, 2012

  A scrapyard worker at Belton Metal Inc. died Sept. 14 in an industrial accident at the company’s Belton, S.C., facility.