Scrap

  • Scrap price sentiment said improving for Sept. Aug 20, 2014

    Strengthening steel mill order books, finished steel prices and ferrous scrap export prices, combined with tighter scrap supply and transportation issues, have boosted market sentiment for domestic scrap prices in September.

  • Recycler awaits ok to relocate Aug 20, 2014

    A metal recycler in Grand Rapids, Mich., will have to wait another month to learn if it will be permitted to move its operations to a larger location.

  • Metro Alloys promotes Fish, Darnell to executive team Aug 20, 2014

    Metro Alloys Inc. has promoted two employees to its executive team as part of a strategy to focus on customer service, safety and long-term growth.

  • IAA expands Neb. location to service growing demand Aug 20, 2014

    Insurance Auto Auctions Inc. (IAA) has expanded its Springfield, Neb., location, allowing the auto salvager and recycler to increase its inventory due to growing volume.

  • Barstow aluminum project unlikely to proceed Aug 19, 2014

    A proposed $1.5-billion secondary aluminum manufacturing facility in Barstow, Calif., is unlikely to reach the development stage, according to Barstow city manager Charles C. Mitchell.

  • US books three scrap cargoes to Turkey Aug 19, 2014

    U.S. ferrous scrap exporters have sold at least three new bulk cargoes to Turkey amid a push by mills to lower prices.

  • Evermetal sued for allegedly failing to pay fees Aug 19, 2014

    A California freight forwarding company has sued a major containerized scrap exporter for allegedly failing to pay overdue fees.

  • Stainless scrap prices continue to slide Aug 19, 2014

    Stainless steel scrap prices continued to slide this week in step with lower nickel prices, and industry sources said there is "little sign of an upside."

  • Judge rules against ASR in patent lawsuit Aug 19, 2014

    A manufacturer of a scrap metal container loading system has prevailed in a court case after a judge determined that the company did not infringe on a patent.

  • Turks turn to Baltic Sea as US scrap offers rise Aug 18, 2014

    Higher offer prices from U.S. bulk ferrous scrap exporters are meeting resistance from Turkish steel producers, who are instead turning their attention to Baltic Sea suppliers.

  • Indian buyers squeezing scrap prices Aug 18, 2014

    Strengthening ferrous scrap prices have adversely impacted margins for Indian long product mills, which have struggled to raise product prices in a weak demand environment.

  • Scrap recycler jailed, fined for cash structuring Aug 18, 2014

    A recycler has been sentenced to six months in prison, fined $20,000 and ordered to forfeit $119,400 for structuring cash transactions.

  • Exide to lay off 64 workers at its Calif. facility Aug 16, 2014

    Exide Technologies Ltd. will lay off 64 employees at its Vernon, Calif., facility, including three salaried workers and 61 hourly employees who are members of United Steelworkers union Local No. 675, the company said Aug. 14.

  • Arca taps Eisenschenk to succeed Cameron Aug 15, 2014

    Appliance Recycling Centers of America Inc. (Arca) has named Mark Eisenschenk to take the company’s helm, replacing founder, president and chief executive officer Edward R. Cameron, who is retiring.

  • China a drag on US nonferrous scrap exports Aug 15, 2014

    Weaker demand from China for aluminum and copper scrap adversely impacted U.S. nonferrous scrap exports during the first half of the year.

  • Exit from stainless recycling helps ISA slash loss Aug 15, 2014

    Industrial Services of America Inc. (ISA) reduced its losses by nearly half in the second quarter despite revenue being driven lower by the company’s exodus from stainless steel recycling.

  • Japan’s scrap prices hearten market Aug 14, 2014

    A modest increase in the winning bid for a monthly tender of 20,000 tonnes of ferrous scrap out of Japan has triggered an air of optimism among suppliers in Asia.

  • Recycler seeks to open Ga. site Aug 14, 2014

    A metals recycler is looking to set up an operation in Winder, Ga.

  • Schnitzer targets auto parts growth Aug 14, 2014

    Schnitzer Steel Industries Inc. is "focusing a lot of growth" on its auto parts business amid "record levels" of car purchase volumes in its last fiscal quarter, president and chief executive officer Tamara Lundgren said Aug. 12.

  • Harsco to exit services pact at CMC's Ala. mill Aug 14, 2014

    Harsco Corp. is exiting a long-term mill services contract at a mill in Birmingham, Ala.

  • NY to Turkey scrap shipments top export routes Aug 13, 2014

    Multiple bulk ferrous scrap shipments from New York to Turkey in June made it the busiest U.S. export route for both heavy melt and shred, while Malaysia, Ecuador and Peru featured in the top five routes for shredded exports.

  • Newell, Blaze complete merger Aug 13, 2014

    Newell Recycling of Georgia LLC has completed its merger with Blaze Recycling & Metals LLC.

  • Metalico in black as nonferrous shipments grow Aug 13, 2014

    Metalico Inc. returned to profitability in the second quarter amid higher nonferrous shipments, rising metal margins and ongoing cost control efforts.

  • ‘Hot’ ferrous scrap frenzy draws industry’s ire Aug 12, 2014

    Market participants have slammed mainstream media frenzy over South Korea’s rejection of a small amount of ferrous scrap imported from Japan.

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