Scrap

• Timing crucial as Novelis targets recycling goals Apr 09, 2013

  Derek Prichett, vice president of global recycling at Novelis Inc., is confident that the company can source enough scrap metal to hit its interim goal of 50-percent recycled content in its products by 2015, but acknowledges that things will get harder beyond that as it targets 80-percent recycled material by 2020.

• Ferrous scrap exports stall in Turkey’s absence Apr 08, 2013

  East Coast bulk ferrous scrap exports remain at a standstill as a weak finished product market in Turkey keeps the country’s largest offshore scrap consumer at bay.

• Highlight Networks opens New York e-cycling facility Apr 08, 2013

  Electronic waste recycler Highlight Networks Inc. has opened a 12,000-square-foot facility in East Syracuse, N.Y.

• Harsco names Grasberger new chief financial officer Apr 08, 2013

  Industry veteran F. Nicholas Grasberger will take over as Harsco Corp. senior vice president and chief financial officer effective April 22.

• MetalX said near buy of Sims shredder in Ala. Apr 08, 2013

  MetalX LLC is said to be close to finalizing a deal to buy an auto shredder facility in Birmingham, Ala., owned by Sims Metal Management Ltd.

• US aluminum scrap prices slide on LME dip Apr 05, 2013

  Prices for most secondary aluminum scrap grades fell April 4 as sources said unfavorable margins and weakening terminal markets continued to present significant headwinds to maintaining profitability.

• Environmentalists sue PSC for alleged river pollution Apr 05, 2013

  Two environmental groups are accusing PSC Metals Inc. of illegally discharging pollutants into the Cumberland River from its 52-acre auto shredding and scrap metal processing facility in Nashville, Tenn.

• Tenn. recycler seeks new site for business Apr 05, 2013

  A Tennessee metal recycler struggling to keep his business operating has failed to win support to operate at a new site.

• Chicago steel mills win $20/T scrap price drop Apr 04, 2013

  A drop in demand from several Midwest steel mills and expectations of a seasonal improvement in scrap flow have combined with a lull in export activity to send scrap prices down about $20 per gross ton across the region.

• Comex drop tightens copper scrap discounts Apr 04, 2013

  Copper scrap discounts have tightened over the past week due to a combination of weakening terminal markets and an ongoing supply crimp, sources told AMM.

• Marc Simon opens Seattle scrap trading firm Apr 04, 2013

  Veteran scrap trader Marc Simon has founded M. Simon Metal Trade LLC, a company that will trade in the domestic and export nonferrous scrap markets and offer consulting services to the metals industry.

• Indiana lawmakers consider recycling law Apr 04, 2013

  An Indiana company that manufactures glass containers is pushing state lawmakers to pass legislation requiring refundable deposits on beverages sold in recyclable cans and bottles.

• Schnitzer continues to grow auto parts unit Apr 04, 2013

  Schnitzer Steel Industries Inc. is continuing to grow its auto parts business through acquisitions and greenfield developments as it targets expansion of its scrap supply chain.

• Calif. legislator pushing bottle bill update Apr 04, 2013

  A proposal to amend California’s bottle bill is expected to be heard April 29 by the state assembly’s Natural Resources Committee.

• Detroit settles ferrous scrap prices down $20 Apr 03, 2013

  Uncertainty about scrap prices in the coming months, reduced buying programs by steel mills and a lack of clear signals from export markets combined to send April ferrous scrap prices down $20 per gross ton in Detroit.

• Poor export sales hit Schnitzer results Apr 03, 2013

  Schnitzer Steel Industries Inc. saw net income for its fiscal second quarter fall more than 10 percent year over year as a result of weak ferrous and nonferrous scrap sales, as well as restructuring charges.

• M&R Used Auto Parts fighting group’s lawsuit claiming pollution Apr 03, 2013

  A Georgia auto recycler and scrap metal facility, M&R Used Auto Parts Inc., is fighting a lawsuit filed by an environmental group that claims it is polluting local waterways.

• Deoxidized aluminum prices inch higher Apr 03, 2013

  Prices for deoxidized aluminum rose slightly in March, but manufacturers are still struggling to turn a profit at current levels, market participants said.

• Tokyo Steel cuts ferrous scrap purchase prices Apr 03, 2013

  Tokyo Steel Manufacturing Co. Ltd. has cut its ferrous scrap purchase prices for the first time since late October, confirming signs of a weakening price trend.

• W. Coast exporters fend off freight hikes Apr 02, 2013

  West Coast exporters have successfully fought off proposed increases in containerized freight prices, which depending on size threatened to rise by as much as $200 per container in April.

• Metalico parts ways with Reamco joint venture Apr 02, 2013

  The marriage between Metalico Inc. and Reamer Recycling Services Inc. has ended, but it appears the 29-month union will have to be untied by the legal system.

• Mitsui's Sato appointed to Sims Metal Management board Apr 02, 2013

  Sims Metal Management Ltd. has appointed Tamotsu Sato to serve on its board of directors, replacing Makoto Paul Sukagawa, who retired April 1, the company said April 2.

• ISA falls deeper into red on shrinking volumes Apr 02, 2013

  Industrial Services of America Inc. (ISA) is taking steps to repair its financial results after falling deeper into the red last year.

• Exporters confused by China’s ‘green fence’ Apr 02, 2013

  Increased oversight of scrap metal exported to China is causing confusion for U.S. shippers, industry sources told AMM.