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Free-market aluminum alloy prices suffered further drops this week despite a relatively stable scrap pricing market, with some producers holding the line on higher quotes in pursuit of a profit margin.
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Appliance Recycling Centers of America Inc. (Arca) drew red ink in the third quarter but is optimistic that a recent pickup in scrap prices and housing activity could spur more appliance recycling.
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Domestic ferrous scrap prices look set to record larger-than-anticipated increases in the Midwest this month after steel mills in Detroit settled $55 per gross ton higher late Monday.
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John Radcliffe, managing director of David J. Joseph Co.’s (DJJ’s) Ferro-Alloy Group, will retire at year-end, AMM has learned.
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The melt shop at ThyssenKrupp Stainless USA LLC’s facility in Calvert, Ala., will have a significant impact on the domestic stainless scrap market when fully ramped up, according to Michael Wright, chairman of the Bureau of International Recycling (BIR) stainless steel and special alloys committee.
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Due to a server disruption caused by Hurricane Sandy, the pricing database at amm.com/pricing was not fully updated between Oct. 29 and Nov. 4. Server service has since been restored and the pricing database has been updated retroactively.
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China has announced moves to shake up its ferrous scrap industry by gradually eliminating recyclers that don’t meet standards, according to China’s Ministry of Industry and Information Technology (MIIT).
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There’s still money to be made in the scrap metal industry, as the former owners of OmniSource Corp. plan to demonstrate with their new company, MetalX.
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Aleris International Inc. felt the effects of "extremely low scrap metal spreads in North America" during the third quarter.
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Harsco Corp.’s earnings fell in the third quarter, and the company is warning that its mill services segment will suffer in the fourth quarter as slower global economic activity will lead some customers to reduce steel production.
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Free-market mill-grade aluminum scrap prices rebounded Thursday on the back of a rise in London Metal Exchange tags, although demand has reportedly become spotty heading into November.
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AMM's New York office is currently closed due to the effects of Hurricane Sandy. The AMM e-mail system is down and AMM staff in the United States are unable to receive messages. We expect to have services back up in the next several days and we will reply to e-mails as soon as possible. If you need to contact AMM urgently, please use the following directory.
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Less than one week after the Oct. 26 expiration of a five-year no-compete agreement, the former owners of scrap recycler OmniSource Corp. have announced their return to the industry with the construction of an auto shredder in northeast Indiana.
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Nonferrous scrap buyers are divided over whether Hurricane Sandy will produce enough scrap metal to have a meaningful impact on flows and pricing, particularly as the market moves into a seasonal slowdown.
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The Bureau of International Recycling (BIR) has appointed Alexandre Delacoux as general manager of the BIR Secretariat.
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Andre Pujadas has resigned as Severstal North America Inc.’s North American purchasing manager for scrap and metallics, and purchasing vice president David Howard will assume his responsibilities, according to a company spokeswoman.
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USA Metal Recycling LLC has shuttered its Siloam Springs, Ark., location and moved to a new site following a municipal zoning dispute.
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Due to a server disruption caused by Hurricane Sandy, the pricing database at amm.com/pricing was not fully updated between Oct. 29 and Nov. 4. Server service has since been restored and the pricing database has been updated retroactively.
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Johnson Controls Inc. (JCI) has posted a fiscal fourth-quarter net loss of $8 million, with the company's battery recycling division still grappling with the "headwind" of higher scrap costs.
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Hurricane Sandy has managed to bring parts of the East Coast to a screeching halt, but it appears unlikely the storm’s aftermath will disrupt the monthly ferrous scrap trade, which most sources say looks set to begin later this week at a premium to October’s levels.
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Gershow Recycling Corp. is still recovering from "severe but not catastrophic damage" caused by Hurricane Sandy, with four of its facilities still without power and a truck scale at its Freeport, N.Y., facility washed away by flooding.
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TMS International Corp. is promoting Raymond Kalouche to president and chief executive officer.
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Metals companies spent Tuesday assessing the impact of former Hurricane Sandy, which left a wide swath of flooding, power outages and road and bridge closures along much of the East Coast.
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Stainless steel scrap prices have fallen for the fourth consecutive week amid continued anemic demand from consumers and tumbling nickel prices.