Scrap

  • Chicago scrap market follows Detroit cues Nov 07, 2013

    A late push to secure obsolete and shredded scrap in Chicago caused prices for those grades to make stronger gains than prime scrap in November.

  • Low-lead initiatives hit red brass, radiators Nov 07, 2013

    With the federal government’s introduction of a series of low-lead initiatives, brass ingot makers are analyzing the long-term viability of several grades of brass scrap, including No. 1 composition solids, or red brass, and radiators.

  • Twitch prices losing ground: market Nov 07, 2013

    Prices for high-grade twitch, a nonferrous auto shred, have fallen slightly over the past month, with market players warning that further declines could loom for December.

  • Detroit settles up $30/T on major scrap grades Nov 06, 2013

    Detroit’s scrap market was again first to settle this month, with most mills completing their purchases by Nov. 6.

  • Zinc industry vets form new venture Nov 06, 2013

    A group of zinc industry veterans sees a unique opportunity in the pending shutdown of Horsehead Holding Corp.’s Monaca, Pa., zinc production facility, and intends to capitalize.

  • China’s ‘Green Fence’ benefits Aleris Nov 06, 2013

    China’s crackdown on imports of hazardous raw materials, dubbed Operation Green Fence, has spurred Aleris International Inc. to create a platform for processing low-grade scrap in the United States, the company said during a Nov. 6 earnings call.

  • Aero glut, building sag drive Aleris losses Nov 06, 2013

    Aleris International Inc.’s losses mounted in the third quarter as an expected rebound in North American building and construction demand failed to materialize while customer destocking and an aerospace plate inventory overhang dragged results down.

  • Junk battery prices hold; outlook dims Nov 06, 2013

    Prices for whole junk lead batteries were steady Nov. 5, but buyers and sellers said that market sentiment was “somewhat fragile” and that the market could head lower if supply continues to improve.

  • Aurubis issues profit warning on weaker prices Nov 06, 2013

    Aurubis AG issued a profit warning after metals sales fell in its fiscal fourth quarter and scrap and acid markets remained problematic.

  • Detroit leads off Nov. scrap trading Nov 06, 2013

    Ferrous scrap prices have traded at least $25 per gross ton higher in markets like Detroit and Chicago after several steel mills finally offered firm prices Nov. 5.

  • SDI La Farga appoints Breischaft president Nov 06, 2013

    SDI La Farga LLC has appointed Kurt Breischaft as its new president, the copper wire rod mill said Nov. 5.

  • PSC Metals posts net loss in third quarter Nov 05, 2013

    PSC Metals Inc. is working to expand its margins, the company said, after logging a third-quarter net loss despite higher revenue.

  • Secondary aluminum alloy prices steady Nov 05, 2013

    Prices for secondary aluminum alloys held steady this past week as producers said limited supply coupled with robust demand from the automotive sector was supporting the lower end of the market.

  • Stainless scrap prices flat; outlook weakens Nov 05, 2013

    Stainless steel scrap broker/processor prices remained flat this week, but dealers and traders said they expect the market to soften in the coming weeks amid uncertainty surrounding the nickel market and disappointing melting rates at stainless mills.

  • Wiseman resigns as ISA vice president Nov 05, 2013

    James K. Wiseman has resigned as Industrial Services of America Inc.’s vice president and general manager of recycling effective Oct. 31.

  • China cable producers still switching to aluminum alloy Nov 05, 2013

    The high spread between copper and aluminum prices continues to put pressure on Chinese cable producers to substitute aluminum alloy for copper, an issue that captured the spotlight during a recent copper conference in Kunming, China, held by Beijing Antaike Information Development Co.

  • Europe must boost recycling capacity by 2020: exec Nov 05, 2013

    Europe needs to add 600,000 tonnes per year of aluminum recycling capacity by 2020, Norsk Hydro ASA head of recycling Roland Scharf-Bergmann said.

  • Alcoa names top N. American scrap suppliers of the year Nov 04, 2013

    Alcoa Inc. has named its top North American Scrap Suppliers for 2013, with winners representing suppliers to the newly consolidated Alcoa Recycling organization (amm.com, Sept. 3)

  • Bermco Aluminum temporarily ceases output Nov 04, 2013

    Secondary aluminum alloy producer Bermco Aluminum has been forced to temporarily cease production due to serious issues with both of its furnaces, a source at the company told AMM Nov. 4.

  • East Coast bulk scrap prices trek up Nov 04, 2013

    East Coast export prices for bulk ferrous scrap shipments to Turkey continued to rise over the past week, after one sale in the middle of last week helped delivered prices record a $26-per-tonne increase through October.

  • Pull-A-Part pushes ahead with buying spree Nov 04, 2013

    Pull-A-Part LLC has picked up its third Texas auto recycler this year as part of a strategy to expand its reach for vehicles.

  • U.S. Shredder & Castings plans NC site Nov 04, 2013

    U.S. Shredder & Castings Group is opening a new warehouse in Charlotte, N.C., to meet the needs of its East Coast and Southeast customers.

  • Mills place higher value on scrap chemistry: execs Nov 04, 2013

    The chemistry of scrap is pushing the grading of the material to the back seat, industry executives said last week during a panel discussion at AMM’s 7th Steel Scrap Conference in Chicago.

  • Feds subpoena Progress Rail in Calif. Nov 04, 2013

    Progress Rail Services Corp. is being investigated by federal authorities for alleged violations of environmental law and improper business practices in California.

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