Scrap RSS

  • Mill-grade aluminum scrap prices fall Aug 30, 2013

    Prices for mill-grade aluminum scrap moved lower Aug. 29, in step with recent decreases on the London Metal Exchange.

  • W. Coast scrap mart surges on Taiwan return Aug 29, 2013

    West Coast ferrous scrap exports picked up momentum this week as several factors contributed to a double-digit increase in containerized scrap sales and bulk offers.

  • Court upholds Intercon suit vs. BAN Aug 29, 2013

    An appeal by advocacy group Basel Action Network (BAN) for the dismissal of an anti-defamation case filed against it by Intercon Solutions Inc. has been rejected by a federal judge.

  • Zorba exports shifting to India, prices up Aug 29, 2013

    Export prices for nonferrous auto shred, or zorba, have risen over the past week as several exporters said Indian consumers were looking to capitalize on China’s crackdown on raw material imports.

  • Copper scrap discounts inch up in slow market Aug 29, 2013

    Several copper scrap discounts rose Aug. 28 as domestic demand slackened ahead of the Labor Day holiday, consumers, traders and sellers said.

  • Chicago scrapyard investigation continues Aug 28, 2013

    The federal probe of Chicago-area scrapyards and suppliers is in full tilt, although investigating agencies are unable to provide further verification or updates on the matter.

  • China ending some import license requirements Aug 28, 2013

    China will eliminate license requirements for imports of copper cathode, copper concentrate, copper scrap and stainless steel scrap, according to a statement posted on the Ministry of Commerce’s website Aug. 27. The initiative, which aims to loosen commodity markets in China, will take effect Sept. 1.

  • Falling Indian currency halts US scrap exports Aug 28, 2013

    A tumbling rupee has severely impacted ferrous scrap exports to India, bringing U.S. shipments to the country to a complete standstill.

  • SCM investing $17M in new casthouse Aug 28, 2013

    Service Center Metals LLC (SCM) is investing $17 million in a new aluminum casthouse that it plans to feed with scrap from its existing operations as it also looks to increase internal sourcing of billet.

  • D.H. Griffin wins rezoning approval for Va. yard Aug 28, 2013

    D.H. Griffin Wrecking Co. plans to open a scrapyard in Ridgeway, Va.

  • TowerBrook buy of Metallum approved Aug 28, 2013

    Private equity firm TowerBrook Capital Partners LP has received European Commission approval on its buy of Luxembourg-based Metallum Holding SA.

  • Shredded scrap prices likely to dip in Sept. Aug 27, 2013

    Shredded scrap prices in the Midwest appear to be precariously poised for September trade as early speculation points to a modest softening.

  • D.H. Griffin Wrecking plans Virginia scrapyard Aug 27, 2013

    D.H. Griffin Wrecking Co. plans to open a scrapyard in Ridgeway, Va.

  • Hunter Douglas hires Gershuny Aug 27, 2013

    Aluminum industry veteran Greg Gershuny has joined Hunter Douglas Metals Inc. as vice president of trading effective immediately, the Homewood, Ill.-based company said Aug. 26.

  • Labor Day holiday notice Aug 27, 2013

    AMM’s offices will be closed Monday, Sept. 2, in observance of the Labor Day holiday. There will be no issue dated Tuesday, Sept. 3. London Metal Exchange prices that normally appear in Tuesday’s edition will be published Wednesday, Sept. 4.

  • Revved-up demand drives aluminum wheels Aug 27, 2013

    Scrap aluminum wheel prices have risen since the middle of August as demand continues to outpace supply.

  • Schnitzer warns of loss in fiscal 4th qtr. Aug 27, 2013

    Schnitzer Steel Industries Inc. expects weaker sequential scrap exports to drive it to post a net loss for its fiscal fourth quarter ending Aug. 31.

  • Robert Bass to join Sims’ board Aug 27, 2013

    Sims Metal Management Ltd. has appointed Robert J. Bass to its board as an independent non-executive director effective Sept. 10, the Australia-based metals recycler said Aug. 27.

  • Stainless scrap prices flat; September outlook mixed Aug 27, 2013

    Stainless scrap processors have reported mixed sentiment from consumers as they await September orders.

  • Lee Iron & Metal co-owner dies Aug 27, 2013

    Martin Davis, an executive and co-owner of Lee Iron & Metal Co. Inc., was killed Aug. 26 in an industrial accident at the Sanford, N.C., metal recycler.

  • New manufacturing workers paid more than in other jobs Aug 27, 2013

    New hires in the U.S. manufacturing sector make more money than new hires in other industries, despite a vast number of factory opportunities that have moved overseas since the 1980s, according to a recent Economics and Statistics Administration (ESA) report.

  • Upstate’s Pa. auto shredder OK’d Aug 27, 2013

    Upstate Shredding LLC-Ben Weitsman & Son Inc. has received local government approval to install an auto shredder at its New Castle, Pa., facility.

  • Bulk US ferrous scrap export prices hold steady Aug 26, 2013

    U.S. bulk ferrous scrap export prices stayed relatively unchanged as trade came to a virtual standstill this past week.

  • Fire at Sims’ NJ plant won’t impact operations: execs Aug 26, 2013

    A scrap fire at Sims Metal Management Ltd.’s Claremont Terminal recycling facility in Jersey City, N.J., won’t affect operations despite equipment damage, company executives said during an Aug. 23 earnings call.

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