Scrap RSS

  • AMM non-market price adjustments notice Sep 16, 2013

    A review by AMM of consumer ferrous scrap buying prices for the Detroit, and Hamilton markets, and the export yard buying prices for Los Angeles and San Francisco has resulted in the change of several prices to more closely reflect the levels being paid by consumers in the respective regions.

  • AMM scrap iron and steel pricing final notice Sep 16, 2013

    After reviewing market opinion on AMM’s proposed price launches and suspensions for scrap iron and steel items, AMM will undertake the following:

  • Upstate Shredding in deal to buy Hornell Sep 16, 2013

    Upstate Shredding LLC-Ben Weitsman & Son Inc. has entered a deal to buy Hornell Waste Material Co., Hornell, N.Y.

  • US ferrous export prices fall on Turkish sales Sep 16, 2013

    Turkish steel mills succeeded in driving U.S. scrap export prices down about $10 per tonne after three bulk cargo sales in 10 days.

  • Mich. city to reassess GLE shredder consent Sep 16, 2013

    GLE Scrap Metal Inc.’s plan to install an auto shredder in Melvindale, Mich., has hit a snag as local officials appear to be backpedaling on their earlier approval of the project.

  • Ferrous scrap exports at 3-month low in July Sep 16, 2013

    U.S. ferrous scrap exports tumbled to a three-month low in July as a stronger dollar made other regions more attractive to critical consuming markets.

  • Michigan legislators eye metals theft bills Sep 16, 2013

    Michigan is trying to pass a legislative package aimed at preventing metals theft for the third consecutive year.

  • TSR Recycling agrees to buy Interseroh NRW Sep 16, 2013

    German scrap merchant and steel scrap trader TSR Recycling GmbH has agreed to buy Dortmund-based recycler Interseroh NRW GmbH.

  • Charges against owner of NC recycler are dismissed Sep 13, 2013

    A North Carolina county court has dismissed charges against Gregory Brown, owner of Raleigh Metal Recycling, related to alleged violations of a state secondary metals recycling law.

  • Wire rod market holds as negotiations start Sep 13, 2013

    Wire rod mills and buyers are preparing to start negotiating prices ahead of the American Wire Producers Association’s Government Affairs Conference in Washington Sept. 18-20, and market participants anticipate a downtick in tags for October shipment.

  • Stainless scrap consumer prices rise Sep 13, 2013

    Stainless steel scrap consumer buying prices have risen on the strength of primary nickel’s higher August average, but the market could be in for a sharp decline next month if exchange prices continue to fall through September, sources said.

  • NY man sentenced to 78 months for ’09 scrap heist Sep 13, 2013

    A New York man involved in a scheme to steal processed scrap en route to a steel mill has been sentenced to 78 months in prison and ordered to pay $4,669 in restitution, according to the U.S. Attorney’s Office.

  • Calif. auto wreckers lose yards to city project Sep 13, 2013

    Four auto wreckers will be displaced when the California city of Hayward completes eminent domain proceedings to build a new road to alleviate congestion and provide better access to an industrial area.

  • Japanese scrap prices continue to log gains Sep 13, 2013

    Japanese scrap prices, both for domestic consumption and for export, continued to march higher this past week even as U.S. scrap prices fell.

  • Benson Metal again target of Clean Water Act lawsuit Sep 12, 2013

    Benson Metal Corp. is being sued by an environmental group for allegedly violating the federal Clean Water Act less than a year after it settled similar pollution concerns with state regulators.

  • Legislators push water infrastructure bill Sep 12, 2013

    Legislation that proponents say will be a boon for water and port infrastructure, accelerating projects and making it easier to transport commodities, was introduced Sept. 12 in the House Transportation and Infrastructure Committee.

  • Junk lead battery pricing stable Sep 12, 2013

    Prices for whole junk batteries have stabilized over the past week, although tags will likely weaken over the next few weeks as domestic supply continues to increase, market players told AMM.

  • Copper scrap prices fall as demand dries up Sep 12, 2013

    Ingot makers’ red brass scrap prices continue to drop as demand for the metal dries up, market participants said.

  • Ferrous scrap futures slump on stable prices Sep 11, 2013

    A stable raw material sector hasn’t helped the scrap futures markets, which barely had a pulse last month.

  • S. Africa recyclers’ request on policy postponed Sep 11, 2013

    A request by the South African Metal Recyclers Association (MRA) for an urgent court interdict against a scrap policy won’t be heard until after policy is implemented.

  • Weaker shred market drags down scrap prices Sep 10, 2013

    Midwest ferrous scrap prices were once again dragged down by a relatively weak market for shred as prices for September fell as much as 3 percent compared with August.

  • Exporters frustrated with CCIC regulations Sep 10, 2013

    A growing number of U.S. scrap exporters have expressed confusion and frustration over stepped-up inspection procedures put in place by China Certification & Inspection Co. Ltd. (CCIC).

  • NJ Gov. Christie vetoes scrap metals theft bill Sep 10, 2013

    Recyclers are breathing a sigh of relief after New Jersey Gov. Chris Christie vetoed a scrap metals theft bill, saying punishing metal recyclers is not a solution to the problem.

  • No charges filed in ongoing IRS probe Sep 09, 2013

    No charges have been filed in a lengthy investigation into whether or not certain financial establishments processed potentially illegal check payments for Chicago scrap companies but the investigation continues, AMM has confirmed.

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