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SMM South Corp. will pay a $14,200 penalty to settle environmental issues with the Alabama Department of Environmental Management at its Birmingham auto shredder operation.
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Secondary aluminum alloy producers are cautiously optimistic about the possibility of increased automotive demand to replace cars destroyed by Hurricane Sandy, while scrap traders say it will take a while for any impact on shredded flows and pricing.
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U.S. scrap prices to China have fallen below $400 per tonne c.f.r. after supply exceeded market expectations.
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Three trade groups are speaking out against proposed legislation in Ohio that would relax the rules on who can buy salvage vehicles.
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A utility company has sued a Dallas waste management company, claiming it reneged on a deal to repay more than $875,000 in overcharges.
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Long-term secondary aluminum contracts are on the wane as prices remain volatile in Europe, according to Fredrik Petterson, managing director of Sweden’s Stena Aluminium AB.
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The rally in the Japanese scrap market continues unabated, with Tokyo Steel Manufacturing Co. Ltd. raising its purchase prices for the fourth time in two weeks.
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U.S. exports of containerized ferrous scrap to India may come under pressure as weaker demand for certain finished products in India and currency fluctuations have left some buyers hesitant.
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OmniSource Southeast, a division of scrap major OmniSource Corp., is in the midst of an organizational restructuring that will result in between 40 and 50 layoffs, sources familiar with the situation told AMM.
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Nickel-bearing stainless scrap tags have risen due to higher nickel prices and slightly more buying interest from processors.
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A Texas scrapyard owner has been sentenced to six and a half years in prison after pleading guilty to charges of money laundering and drug trafficking.
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Harsco Corp. chief financial officer Stephen J. Schnoor has stepped down after nearly 25 years with the company.
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Free-market A380.1 prices tightened up Monday, while most aluminum scrap prices were unchanged as trading activity slowed going into the Thanksgiving holiday break.
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U.S. bulk ferrous scrap export prices to Turkey lost some ground this past week after a lone sale sent values down a little more than 2 percent.
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Spain recycles a larger proportion of steel each year than any other European country, according to Spanish steel association Unesid.
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China Armco Metals Inc. posted net income of $134,655 in the third quarter, in contrast to a $1.1-million net loss in the same period last year, despite a 4.6-percent decline in revenue to $15.36 million from $16.1 million.
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Wise Alloys LLC has signed a new five-year labor agreement with United Steelworkers union Local 200.
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Free-market mill-grade aluminum scrap prices rose again Thursday as buyers continue to enter and exit the market to control inventory levels for the remainder of 2012.
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Industrial Services of America Inc. (ISA) posted its second quarterly loss in a row as lower scrap prices reduced revenue.
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New aluminum used beverage can stock (class) scrap receipts totaled 66.5 million pounds in October, according to figures from the Aluminum Association.
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U.S. ferrous scrap exports plunged in September after critical southeast Asian markets cut back on buying due to unfavorable currency markets, poor demand from mills in the region and higher scrap prices.
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Tool maker Kennametal Inc. is looking to build an advanced carbide recycling facility to recycle material from scrap and consumed products such as metal-cutting inserts, the company said Thursday.
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Exeon Inc. has filed a lawsuit against Toledo, Ohio-based Sherwin Metal Recycling LLC, claiming that the recycler has failed to pay for more than $132,000 in scrap metal deliveries.
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Sims Metal Management Ltd. anticipates a $21-million to $31-million decline in earnings in the first half of its fiscal year.