Scrap RSS

  • KW Metals to pay $15.8M for Keywell Dec 12, 2013

    KW Metals Acquisition LLC has agreed to pay $15.8 million for bankrupt specialty steel recycler Keywell LLC.

  • Alter Trading acquires assets of Iowa recycler Dec 12, 2013

    Alter Trading Corp. has purchased the assets of All Metals Recycling in Ottumwa, Iowa.

  • Nickel scrap prices increase Dec 12, 2013

    Nickel and nickel alloy scrap prices have increased this month on the strength of rising nickel, copper and chrome prices, according to scrap dealers.

  • Ferrous scrap exports fall 14.9% in October Dec 12, 2013

    U.S. ferrous scrap exports sank 14.9 percent to under 1.32 million tonnes in October from nearly 1.55 million tonnes the previous month as less heavy melt and shredded scrap was shipped abroad amid a drop in demand from Turkey, Taiwan and South Korea.

  • Ariz. metals recycler fighting permit denial, closure order Dec 12, 2013

    An Arizona metals recycler plans to fight a decision that would force him to relocate for the second time since July.

  • Copper scrap discounts narrow as Comex rises Dec 12, 2013

    Discounts for most copper scrap grades fell Dec. 11 as market players said that buyers and sellers were reacting to recent recoveries on terminal markets.

  • Two Indiana recyclers win state grants Dec 11, 2013

    A pair of Fort Wayne, Ind.-based metals recyclers were among six recipients of grants from the Indiana Department of Environmental Management’s (IDEM’s) Recycling Market Development Program.

  • Cronimet’s Keywell bid trumped by KW Metals Dec 11, 2013

    Cronimet Corp.’s bid to acquire bankrupt scrap processor Keywell LLC has reportedly been foiled by KW Metals Acquisition LLC, a newly formed entity backed by private equity firm Prophet Equity LP, AMM has learned.

  • Aleris shuffles board members Dec 11, 2013

    Aleris International Inc. reported a change to its board of directors in a Dec. 10 8-K filing with the U.S. Securities and Exchange Commission.

  • US nonferrous scrap exports up sharply Dec 11, 2013

    U.S. nonferrous scrap exports logged their strongest month of the year in October, led by increases in shipments of aluminum, copper and zinc scrap.

  • California recycler arrested for alleged buying violations Dec 11, 2013

    The owner of a California metal recycler has been arrested for allegedly failing to comply with state scrap metal laws.

  • James Garren joins Alcoa recycling unit Dec 10, 2013

    Alcoa Inc. has hired James Garren as used beverage can (UBC) manager and scrap purchasing and sales manager of its recycling division.

  • Garber dives in at ISA, upbeat on turnaround Dec 10, 2013

    Industrial Services of America Inc.’s (ISA’s) new top executive recognizes that there are problems at the metals recycler, but is confident that a turnaround is possible.

  • Aluminum smelters’ scrap prices follow LME up Dec 10, 2013

    Prices for most grades of secondary aluminum smelters’ scrap increased Dec. 9 as recoveries on terminal markets helped support secondary tags, industry sources said.

  • Nickel rally spurs stainless steel scrap prices Dec 10, 2013

    Stainless steel scrap processor buying prices strengthened this week as London Metal Exchange nickel tags rallied to their highest close since early November.

  • Aluminum wheel prices spin lower Dec 10, 2013

    Scrap aluminum wheel prices continued to weaken in December as rising supply and an annual "holiday slowdown" have quelled upward momentum.

  • OmniSource idles shredder, trims jobs Dec 10, 2013

    OmniSource Corp. has idled its auto shredder in Wilmington, N.C., and will reduce the head count in its Southeast division.

  • Thalheimer buys Ansam Metals Dec 10, 2013

    Nonferrous scrap recycler Thalheimer Brothers Inc. has acquired Ansam Metals Corp. for an undisclosed sum.

  • Former SRI president William Heenan dies Dec 09, 2013

    William M. Heenan Jr., former president of the Steel Recycling Institute (SRI) and general manager of tin mill products at U.S. Steel Corp., died Dec. 6. He was 65.

  • Zorba export prices sink lower Dec 09, 2013

    U.S. export prices for zorba, a nonferrous auto shred, have continued to weaken over the past two weeks, with sources saying that selling to buyers in China was beginning to feel like “pulling teeth.”

  • Wintry weather could disrupt scrap flow Dec 09, 2013

    As a blast of wintry weather descends on the eastern half of the United States, scrap suppliers across the country are preparing for what could be a serious disruption in the flow of material.

  • Shredded logs biggest gains in Midwest mart Dec 06, 2013

    Shredded scrap prices have recorded the largest gains in key Midwest markets, with prime grades the weakest in trading for December.

  • Rebar price hikes gradually taking hold Dec 06, 2013

    Rebar price increases have gradually filtered into the marketplace, with demand in most regions strong enough to support higher mill prices.

  • Wire rod prices flat, market awaits scrap settle Dec 06, 2013

    Wire rod prices were largely unchanged following a round of increases last month, with most buyers continuing to pay about $20 more than a month ago, as margins for buyers and suppliers remain compressed.

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