Scrap

• W. Coast container export pricing takes dive Sep 11, 2012

  U.S. West Coast export prices for containerized ferrous scrap appear to be in free-fall, tumbling nearly 13 percent in the past 10 days amid anemic demand and frail iron ore prices. Further declines are anticipated.

• Calif. makes plans to tackle illegal scrapyards Sep 11, 2012

  California authorities will ramp up the state’s response to illegal scrap recycling by ensuring better coordination between departments that regulate different aspects of the industry.

• NC scrapyard owner eyeing ATM to combat metals theft Sep 11, 2012

  A North Carolina metals recycler plans to tackle metals theft using an ATM, a common piece of technology used in scrapyards to pay customers.

• Ark. recycler cited over records Sep 11, 2012

  The owner of Shaw Recycling has been issued nearly three dozen citations after law enforcement searched the Bauxite, Ark., facility.

• SoRec sues firm over boat lost in hurricane Sep 10, 2012

  Southern Recycling LLC (SoRec) is suing a towing company for negligence, alleging that it intentionally cut a vessel loose as Hurricane Isaac approached.

• Scrap export prices deteriorate further Sep 10, 2012

  U.S. ferrous scrap export prices for bulk sales dropped more than 4 percent this past week on weak demand and bleak global cues.

• AMM Midwest Ferrous Scrap Index falls Sep 10, 2012

  Plummeting demand in the Chicago area and an abundant supply of prime scrap in the Midwest produced a shocking blow to No. 1 busheling prices in the region, with tags falling more than 6 percent for September deliveries.

• Couple is fined for e-cycling in home Sep 10, 2012

  A couple that allegedly was illegally operating an electronics recycling business out of their home and improperly disposing of waste has been fined.

• Japan’s Tokyo Steel reduces scrap buying prices further Sep 10, 2012

  Tokyo Steel Manufacturing Co. Ltd. has cut its ferrous scrap buying prices for the fifth time in two weeks, taking back all of last month’s price increases.

• Chicago scrap market worst hit as buys wane Sep 07, 2012

  Weak demand from several steel mills in Chicago and its neighboring regions made last month’s strongest market this month’s weakest as ferrous scrap prices for September sank more in Chicago than in any other region.

• Fla. health officials to probe cancer cases near recycler Sep 07, 2012

  The Florida Department of Health has been asked to investigate a possible cancer cluster near Miami-based King Metal Recycling LLC.

• Aluminum alloy, mill-grade scrap prices rise Sep 07, 2012

  Free-market secondary aluminum alloy prices, along with those for mill-grade scrap, have logged further gains as London Metal Exchange tags crept closer to the symbolic $2,000-per-tonne mark.

• Ohio scrap players indicted for auto, metal heist scheme Sep 07, 2012

  Five Ohio men, including a scrapyard owner and auto salvager, are facing a slew of accusations that they stole and scrapped vehicles and other metals, including cargoes of steel.

• Steelmakers come out swinging in scrap talks Sep 06, 2012

  The monthly ferrous scrap dance began in earnest Thursday as steel mills came in to fight for lower prices on all grades for September deliveries.

• Tight margins spark secondary aluminum cuts Sep 06, 2012

  Bermco Aluminum has idled production capacity at its secondary aluminum smelter, while Imperial Alloys Corp. is coming off a reduced production schedule. Both companies cited tight profit margins caused by a decoupling of scrap purchasing prices and alloy sales tags for their decisions.

• Inquiries build as scrap contract nears launch Sep 06, 2012

  As CME Group Inc. gears up to launch its first-ever U.S. ferrous scrap futures contract early next week, scrap players up and down the supply chain say the new hedging tool has piqued their interest, even as others remain wary of the fledgling product.

• Bank can seek repossession of shredder: judge Sep 06, 2012

  Indiana metals recycler Summit Inc., which has been fighting a bank’s move to seize its shredder, is now facing repossession of the equipment after a judge ruled that the company’s financier properly filed its legal request.

• US ferrous scrap export prices to Turkey fall Sep 05, 2012

  U.S. ferrous scrap export prices to Turkey have dropped more than $10 per tonne after an exporter broke a two-week lull and booked a bulk sale Wednesday.

• Aluminum scrap consumption up in 1st half Sep 05, 2012

  North American aluminum scrap consumption increased 15.4 percent in the first half compared with the same period last year, while recovery increased 13.6 percent, according to preliminary data from the Aluminum Association.

• Schnitzer executives forgo bonuses Sep 05, 2012

  Just days after announcing its intent to cut $25 million in annual operating costs, Schnitzer Steel Industries Inc. said its top management will not receive annual bonuses.

• Former DJJ chairman James R. Breth dies at 82 Sep 05, 2012

  James R. Breth, a former chairman of David J. Joseph Co. (DJJ) whose career at the company spanned 42 years, died in Tuscaloosa, Ala., Monday, six days before his 83rd birthday.

• Ferromet seeks court OK to sell equipment Sep 05, 2012

  A scrap metals processor, recycler and broker operating in Ohio and Pennsylvania appears to be considering winding down the scrap processing side of the business and operating exclusively as a broker.

• Aluminum scrap tags get lift from tight flow, stronger LME Sep 05, 2012

  Tight aluminum scrap flow and a sustained boost in London Metal Exchange prices prompted further gains in free-market scrap prices Tuesday, while A380.1 reached $1 per pound.

• Maryland acquisition expands Sims’ e-cycling Sep 05, 2012

  Sims Metal Management Ltd. has completed its acquisition of a Maryland e-cycling company.