Scrap RSS

  • Pritzker Organization in $1-billion deal for TMS Aug 26, 2013

    The Pritzker Organization will purchase TMS International Corp. in a $1-billion all-cash deal.

  • Matalco eyes four states for $70M project Aug 26, 2013

    Matalco Inc. has short-listed Indiana, Michigan, Ohio and Pennsylvania for its planned $70-million remelt extrusion billet facility in the United States.

  • Sims bolstering Rhode Island operations Aug 26, 2013

    Sims Metal Management Ltd. is making progress to reshape its North American portfolio by shedding nonperforming assets and investing heavily in areas ripe for export.

  • Tokyo Steel lifts scrap buying prices Aug 26, 2013

    Tokyo Steel Manufacturing Co. Ltd. increased its purchase prices for the first time since March as an upswing in Japanese domestic scrap prices gained traction this past week.

  • Sims optimistic despite $421M loss Aug 23, 2013

    Lower selling prices and fewer shipments continued to wreak havoc on Sims Metal Management Ltd.’s bottom line, but the world’s largest metal recycler has narrowed its losses.

  • Aluminum alloy A380.1 prices weaken Aug 23, 2013

    Prices for secondary aluminum alloy A380.1, primarily used in automotive production, weakened slightly over the past week, with major consumers lowering quotes by about a penny.

  • Mitch Damp joining PSC Metals Aug 23, 2013

    Scrap industry veteran Mitch Damp has been named executive vice president of nonferrous at Mayfield Heights, Ohio-based recycler PSC Metals Inc.

  • Feds raid 2d recycler; more said on the way Aug 23, 2013

    A second Chicago metal recycler has been raided by federal authorities in what some sources say is just the tip of the iceberg. Serlin Iron & Metal Co. was the target Aug. 22 in an ongoing investigation, a spokesman for the U.S. Attorney’s Office in Chicago told AMM.

  • Copper scrap discounts hold steady Aug 22, 2013

    Discounts for most copper scrap grades were unchanged Aug. 21 as limited volatility on Comex coupled with steady demand kept things relatively stable over the past week, market participants said.

  • Baker named president of Recycling Council Aug 22, 2013

    Scrap industry veteran Tom Baker has been named president of the Recycling Council of Texas, taking over from Austin Metal & Iron Co. vice president Jim Shapiro.

  • Feds raid Acme's Chicago headquarters Aug 21, 2013

    Federal authorities raided Acme Refining Co.’s headquarters in Chicago Aug. 21.

  • Scrap cargo set for Egypt diverted to Turkey Aug 21, 2013

    A strike at a steel mill in Egypt has benefited at least one North American scrap exporter after a vessel carrying 50,000 tonnes of ferrous scrap was diverted to a mill in Turkey for a higher price.

  • Recycler settles environmental citation Aug 21, 2013

    Steel Etc LLP and Steel Etc Holding Co. will pay $140,000 to settle an environmental complaint by the Environmental Protection Agency for allegedly violating the Resource Conservation and Recovery Act and the Montana Hazardous Waste Act.

  • CCIC clarifies radiation requirements for scrap Aug 21, 2013

    An unofficial announcement by a Chinese regulatory agency has triggered uncertainty in the scrap industry as exporters have yet to receive specific details about radiation checks on exported scrap.

  • Lead scrap prices continue to rise Aug 21, 2013

    Most free-market lead scrap prices rose this week in step with higher exchange prices, according to market participants.

  • ISA struggles with financial headwinds Aug 20, 2013

    Industrial Services of America Inc. (ISA) is struggling to restructure its debt to deal with pending covenant issues and its tentative financial health.

  • Stainless scrap prices up; processors wary Aug 20, 2013

    Stainless scrap demand has improved, reportedly spurred by an increase in nickel prices, although some processors question whether the price rise will continue.

  • Mill-grade aluminum scrap prices inch higher Aug 20, 2013

    Prices for mill-grade aluminum scrap have moved higher, in step with recent increases on the London Metal Exchange.

  • Fire burns all night at Sims scrap facility Aug 20, 2013

    Firefighters and employees at Sims Metal Management Ltd.’s recycling facility in Jersey City, N.J., spent all night fighting a massive scrap fire that started at about 10 p.m. Aug. 19.

  • Zorba steady on solid China demand Aug 19, 2013

    Export prices for zorba, a nonferrous auto shred, have remained relatively unchanged over the past two weeks as Chinese consumers continue to request a steady flow of material, U.S. exporters said.

  • Recycler nears final OK for Calif. facility Aug 19, 2013

    JR’s Recycling is nearing final approval to open a scrap metal recycling center in Hesperia, Calif., in September.

  • Conn. recycling facility planned Aug 19, 2013

    Berkshire Recycling LLC is seeking to open a metal and automotive recycling facility in Torrington, Conn.

  • Three China Metal directors resign as turmoil continues Aug 16, 2013

    Three directors of an embattled Chinese recycling company have resigned in the aftermath of regulators seeking to liquidate the company on charges of fraud.

  • US books more ferrous scrap sales to Turkey Aug 16, 2013

    Three U.S. bulk ferrous scrap cargoes sold to Turkey and a few more out of Europe kept export prices elevated and continued the flood of material into Turkey.

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