Scrap

  • BLS ferrous scrap price index tumbles Nov 15, 2012

    The iron and steel scrap producer price index (PPI) took a nosedive in October, falling 11.4 percent from the previous month and 27.3 percent from the same month last year, the latest Bureau of Labor Statistics (BLS) report shows.

  • Oregon recyclers charged with Clean Air Act violations Nov 15, 2012

    The owners of Portland, Ore.-based Anfield & Sons Metal Recyclers LLC have pleaded not guilty to criminal charges of violating the federal Clean Air Act.

  • CMC gets permits for Ariz. capacity increase Nov 15, 2012

    Commercial Metals Co. (CMC) has received permitting to increase capacity at its Arizona rebar micro-mill, according to a top executive.

  • EPA sues 17 firms to recover cost of magnesium cleanup Nov 15, 2012

    The federal Environmental Protection Agency and the Pennsylvania Department of Environmental Protection have filed a lawsuit against 17 companies over the alleged mishandling of more than 6 million pounds of hazardous waste at a magnesium waste processing facility in western Pennsylvania.

  • Bulk scrap sale to Turkey dims export pricing outlook Nov 14, 2012

    U.S. ferrous scrap export prices to Turkey could be under pressure after a fresh bulk sale this week indicated some softening, according to market participants.

  • W. Coast scrap export prices said set to soften Nov 14, 2012

    A lone bulk ferrous scrap sale from the West Coast to China this week is encouraging, but it could be the last on the wave of higher prices as East Asian mills are poised to finish replenishing inventories, some market participants said.

  • Latest US bulk sale to Turkey dims scrap outlook Nov 14, 2012

    U.S. ferrous scrap export prices to Turkey could be under pressure after a fresh bulk sale this week indicated some softening, according to market participants.

  • Md. scrapyard owner jailed for tax evasion Nov 14, 2012

    The owner of a Maryland scrapyard has been sentenced to prison and ordered to pay restitution after being convicted of tax evasion.

  • Vermont yard owner pleads guilty to environmental violations Nov 14, 2012

    The owner of a Moretown, Vt., salvage yard will have to hire a consultant and pay fines after admitting to hazardous waste violations.

  • Tokyo Steel lifts scrap prices third time in week Nov 14, 2012

    The rally in the Japanese scrap market is gaining momentum, with Tokyo Steel Manufacturing Co. Ltd. boosting its purchase prices for a third time within a week following a sizable jump in export prices.

  • Tammi Jones joins Kramer Metals Nov 13, 2012

    Kramer Metals Inc. has appointed scrap industry veteran Tammi Jones as general manager of its two Los Angeles processing facilities.

  • US scrap futures contract gains momentum Nov 13, 2012

    The first U.S. ferrous scrap futures contract, launched by CME Group Inc. in September, is gaining traction as participants test the waters with modest trades.

  • Hugo Neu brings in Sims’ Alan Ratner Nov 13, 2012

    Less than a year after being appointed to a new executive position at Sims Metal Management Ltd., Alan Ratner has left to join New York-based Hugo Neu Corp.

  • Copper contamination in scrap feed concerns steel mills Nov 13, 2012

    The quality of scrap arriving at steel mills is crucial and should motivate auto shredders to enhance their reputations by providing low-residual feedstock on a consistent basis.

  • LME prices buoy aluminum scrap trading: buyers Nov 13, 2012

    Free-market mill-grade aluminum scrap prices were boosted by a rise in London Metal Exchange pricing on Monday, with buyers reporting an accompanying rise in trading activity.

  • NJ scrapyard sees volumes surge Nov 13, 2012

    Scrap volumes at Dublin Scrap Metal Inc. jumped an estimated 30 to 45 percent in the aftermath of Hurricane Sandy, but the Newark, N.J.-based company doesn’t expect it to influence pricing.

  • EF mills losing market share: Evraz Nov 12, 2012

    North American steel producers operating electric-arc furnaces (EFs) are losing market share due to higher ferrous scrap prices and increased competition from blast furnace operators, according to chief executive officer of Evraz Inc. North America Michael Rehwinkel.

  • Competition, exports pressure shredders Nov 12, 2012

    Metals recyclers with auto shredding operations are facing supply and financial pressures, and would be well served to shutter scrap assets that can’t turn a profit, Steel Dynamics Inc. vice president of ferrous resources and logistics Rich Brady said.

  • US steel industry hurt by trade barriers: AISI Nov 12, 2012

    Trade restrictions from a number of countries are distorting global trade and international competition for the U.S. steel industry, according to a 33-page American Iron and Steel Institute (AISI) report submitted last month to the U.S. Trade Representative’s Office.

  • Midwest Ferrous Scrap Index regains ground Nov 12, 2012

    AMM’s Midwest Ferrous Scrap Index roared back this month near September levels as the domestic market followed stronger export cues and supply-side concerns helped erase almost all of October’s weakness.

  • US must tackle fiscal problems: Lundgren Nov 12, 2012

    The United States must avoid a plunge off the fiscal cliff, embrace a strong energy policy, invest in infrastructure and create a business-friendly regulatory environment if it is going to fully recover and prosper, according to Schnitzer Steel Industries Inc.’s the top executive.

  • Exide net loss jumps to $13.9M in qtr. Nov 12, 2012

    Exide Technologies is adapting to “the new external realities” of the secondary lead market by closing and idling two of its lead recycling plants, the company said, as it recorded a wider net loss for its fiscal second quarter

  • OmniSource reports major metals theft Nov 12, 2012

    More than $500,000 of copper and aluminum scrap were stolen from OmniSource Corp. Nov. 1, according to the company.

  • UK’s Brady buys software provider SAI for $6.5M Nov 12, 2012

    Brady Plc has acquired software provider Systems Alternatives International LLC (SAI) for $6.5 million, according to Brady’s top executive.

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