Scrap

• Scrap market tempers Dec. price expectations Nov 28, 2012

  Earlier expectations of a $20- to $40-per-ton run-up in ferrous scrap prices in December have largely subsided, with most market participants now forecasting a "strong sideways" market and a few even predicting slight downward pressure if demand from steel mills and the export market slips.

• NY to auction train cars, parts for reuse, scrap Nov 28, 2012

  New York state-owned surplus train cars and parts will be auctioned off Dec. 11 in Rotterdam, N.Y., and Dec. 13 in Scotia, N.Y., New York State Office of General Services (OGS) commissioner RoAnn M. Destito announced Wednesday.

• A&S Metals facing $59,000 in OSHA fines at Mont. yard Nov 28, 2012

  A&S Metals is facing $59,000 in proposed fines for a dozen alleged safety violations at its Butte, Mont., scrapyard following a July inspection by the Occupational Safety and Health Administration (OSHA).

• Alter hit with subcontractor lawsuit over 2011 accident Nov 28, 2012

  Alter Trading Corp. is being sued by a subcontractor who was injured while working at the recycler’s Gulfport, Miss., scrapyard.

• Florida’s Alpha Metal files Chapter 11 Nov 28, 2012

  Alpha Metal Recycling LLC has filed for Chapter 11 bankruptcy protection, listing three lenders as its largest unsecured creditors.

• Stainless processors stimulate scrap flow Nov 27, 2012

  Processor buying prices for stainless scrap have risen for the second week in a row as processors look to stimulate scrap flow in a lackluster market, with sources saying higher nickel prices on the London Metal Exchange are playing only a secondary role.

• Mississippi River shippers turn to rail, trucks Nov 27, 2012

  Scrapyards, commodity shippers and terminals along the Mississippi River are preparing to move material by rail and truck instead of via barge, despite the higher cost, as low water levels are threatening to close the river to commercial navigation in less than two weeks.

• Low ferrous scrap bids freeze sales to India Nov 27, 2012

  Indian steel mills have significantly lowered their bids for ferrous scrap over the past few days, market participants said, resulting in a complete halt to U.S. exports of containerized scrap to the nation.

• Schnitzer’s ferrous scrap outlook dims for qtr. Nov 27, 2012

  Schnitzer Steel Industries Inc. expects operating earnings from its ferrous scrap division to plunge some 60 percent to about $4 per ton during its fiscal first quarter ending Nov. 30 compared with the preceding three months, the company said in a market outlook Tuesday.

• Aluminum scrap prices rise, alloys steady Nov 27, 2012

  Free-market aluminum scrap prices have risen alongside a bump in London Metal Exchange pricing, with alloy producers attempting to push alloy tags higher as their scrap costs increase.

• CME offers ferrous product fee waiver Nov 27, 2012

  Derivatives exchange CME Group Inc. will temporarily waive fees for five ferrous derivatives contracts in a bid to attract further liquidity to the exchange.

• NY scrapyard signs consent order with West Virginia agency Nov 27, 2012

  Shane’s Auto & Truck Salvage will pay a fine to settle an environmental matter with the state of West Virginia.

• Recycler seeks funds for Oregon shredder Nov 27, 2012

  Pacific Recycling Inc. is seeking funds to install an auto shredder at its Eugene, Ore., facility.

• Gerdau, IABr collaborating on Brazil scrap export tax Nov 27, 2012

  Gerdau SA has been working with Brazilian steel institute IABr on the formulation of a ferrous scrap export tax.

• Novelis breaks ground on aluminum recycling plant in Germany Nov 27, 2012

  Novelis Inc. has broken ground on what it is predicting will be the world’s largest aluminum recycling center in Nachterstedt, Germany.

• Japan’s scrap tags stabilize as mills complete restocking Nov 27, 2012

  Japanese ferrous scrap prices appear to be taking a breather after their recent climb as mini-mills complete their restocking.

• Mixed reports on export trades leave Index flat Nov 26, 2012

  Prices for U.S. bulk ferrous scrap exports to Turkey remained unchanged this past week as exporters and buyers in Turkey continued to negotiate a firm pricing level.

• Aluminum deox market seen holding steady Nov 26, 2012

  Producers of deoxidized aluminum are forecasting steady demand and prices moving into December, although one producer source said his company won’t participate in the market if tags are below $1 per pound.

• Scrap imports hit 20-month low in October, other raw materials mixed Nov 26, 2012

  China’s imports of ferrous scrap during October plunged to their lowest level since February 2011, while other steelmaking raw materials saw mixed results, according to Chinese customs data.

• Calif. firms fighting emission auctions Nov 26, 2012

  Corporations in California are challenging the state’s greenhouse gas cap-and-trade auctions.

• NY, NJ shredders expect onset of Sandy scrap Nov 21, 2012

  Shredders in Hurricane Sandy-ravaged New York and New Jersey expect to be inundated with totaled cars in the next two months, according to several market participants, although the impact on ferrous scrap buying prices at steel mills in and around the Mid-Atlantic region could be minimal.

• CSX files suit vs. recyclers over sale of scrap rail cars Nov 21, 2012

  CSX Transportation Inc. has filed a lawsuit against New Era Recycling Solutions LLC and Harmon Scrap Metal LLC, alleging that New Era fraudulently obtained 16 scrap rail cars belonging to CSX and sold them to Harmon.

• Alaskan port ships its first scrap to Asia Nov 21, 2012

  The first load of scrap metal out of an Alaskan port has left for Asia, demonstrating that the material doesn’t have to be rerouted through the continental United States.

• Scrap battery prices dip on low demand Nov 21, 2012

  Free-market scrap automotive battery prices have dropped further as leading buyers are believed to be flush with supply, with one trader forecasting that prices could reach the mid-30-cent-per-pound level soon.