Scrap RSS

  • Correction: US ferrous export prices fall on Turkish sales Sep 27, 2013

    Due to a reporting error, a storyposted to the website Sept. 16 misstated AMM’s East Coast Ferrous Scrap Export Index settlement price. The correct price as of Sept. 16 was $344.48 per tonne.

  • NC recycler sentenced for tax fraud Sep 27, 2013

    The former owner of a North Carolina scrap metals buying center has been sentenced to 30 months in prison and ordered to pay $2,495,721 in restitution on charges of tax evasion, according to the U.S. Attorney’s Office.

  • Ferrous scrap offer prices into Vietnam soften Sep 27, 2013

    Ferrous scrap price offers into Vietnam have retreated in tandem with weaker international prices and sluggish domestic steel demand, sources told AMM sister publication Steel First this past week.

  • Tri Metal to open scrapyard to serve Alaska rail project Sep 27, 2013

    Tri Metal International LLC has obtained a conditional land use permit from the city council in Houston, Alaska, allowing it to open its second scrapyard in the state in order to take advantage of a rail expansion project.

  • Cronimet to open Wyo. recycling facility in Oct. Sep 27, 2013

    Scrap processor Cronimet Corp. will open a stainless steel recycling facility in Cheyenne, Wyo., next month, the company said.

  • Schupan & Sons hires Keywell’s Cebula Sep 27, 2013

    Nonferrous scrap metals recycler Schupan & Sons Inc. has hired Dennis Cebula as regional marketing manager of its industrial recycling services division, the company said Sept. 26.

  • Twitch prices buoyed by strong demand Sep 26, 2013

    Prices for high-grade twitch, or shredded nonferrous automotive scrap, rose slightly over the past month as consumers said strong demand from the automotive sector continued to support the market.

  • Masters Recycling opens in SC Sep 26, 2013

    Ben Wylie and Dustin Selzer, two southeastern scrap industry veterans, have joined forces and opened a metals recycling facility in Chester, S.C.

  • Copper scrap discounts flat Sep 26, 2013

    Bare bright supply is loosening up, but haggling over prices has led dealers to hang on to the metal, copper scrap consumers and sellers told AMM.

  • Acipos Recycling idles Ala. shredder Sep 26, 2013

    Acipco Recycling has closed its auto shredder in Birmingham, Ala., making the status of the operation unclear.

  • Sims expansion of Calif. e-cycling facility done Sep 26, 2013

    Sims Recycling Solutions Inc. (SRS) held a ribbon-cutting ceremony Sept. 26 to celebrate the expansion of its Roseville, Calif., facility.

  • Vietnam may nix stainless scrap export tax Sep 26, 2013

    The Vietnamese government is considering the removal of a 15-percent tax on stainless steel scrap exports, Dinh Huy Tam, vice chairman and general secretary of the Vietnam Steel Association (VSA), confirmed to AMM sister publication Steel First Sept. 25.

  • Keywell files for Chapter 11 bankruptcy Sep 25, 2013

    Specialty steel recycler Keywell LLC filed for Chapter 11 bankruptcy protection Sept. 24.

  • RI recyclers file Rico suit vs. Sims division Sep 25, 2013

    A group of Rhode Island metals recyclers have filed a Racketeer Influenced and Corrupt Organizations (Rico) Act lawsuit against Sims Metal Management Ltd.’s New England division, alleging that the company underpaid them by manipulating scale weights and labeling nonferrous metals as cheaper material.

  • Lead scrap prices tumble on supply glut Sep 25, 2013

    Most free-market lead scrap prices fell this week as an ongoing supply glut and lower exchange prices began to take a toll on the market, market participants said.

  • Cari seeks new leader, Shaw to step down Sep 25, 2013

    Leonard Shaw, president and chief executive officer of the Canadian Association of Recycling Industries (Cari), plans to retire next June after leading the trade group for nearly two decades.

  • China to become net scrap exporter beyond 2020: Ciftci Sep 25, 2013

    China will become a "huge net exporter (of scrap) at some point," Bekir Baris Ciftci, managing director of steel business analysis at the World Steel Association (WorldSteel), said.

  • Russia’s exports of scrap ‘could end by 2017’: exec Sep 25, 2013

    Scrap exports from Russia will cease by 2017 if the country’s finished steel market remains strong, United Metallurgical Co. procurement deputy director Alexander Sidorin told AMM sister publication Steel First.

  • Tokyo Steel lowers scrap buying prices on signs of overheating Sep 25, 2013

    Tokyo Steel Manufacturing Co. Ltd. has reduced its scrap purchasing prices for the first time since last month amid signs that prices were overheating.

  • A380 producers fighting price pressure Sep 24, 2013

    Secondary aluminum alloy prices remained relatively steady over the past week, although a number of market participants said they had heard rumors of sellers beginning to give in to downward price pressure.

  • European scrap tightness forces mills to buy primary Sep 24, 2013

    Aluminum scrap tightness in Europe is forcing rolling mills and extruders to source more units from primary metal for their plants.

  • British Columbia scrap law a burden: recyclers Sep 24, 2013

    A law in Maple Ridge, British Columbia, requiring scrap companies to tag every piece of nonferrous material they take in and hold it for seven days is weighing heavily on two local metals recyclers.

  • China base metal imports mixed Sep 24, 2013

    China’s copper scrap imports rose 9.4 percent month on month to a yearly high of 382,152 tonnes in August while base metal imports were mixed, according to China’s latest customs data.

  • China ferrous scrap imports rise, iron ore slides in Aug. Sep 24, 2013

    China’s imports of steelmaking raw materials were mixed in August, with coking coal and scrap logging gains while iron ore fell, according to Chinese customs data released Sept. 24.

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