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Magazine Issue: April 2015


Cover Story

Saikat Dey's DIY guide to commodities
Fresh from spearheading one of the more remarkable turnarounds in modern steelmaking history, the former top executive of Severstal North America has co-authored a tell-all guide sharing the real-world strategies behind the transformation.

Market Spotlight

QUARTERLY OUTLOOK

Columns

FEATURES

  • Something old, something new

    Although the price differential between used and new equipment is as much as 50 percent or more, some scrap companies still prefer to buy new, even with current market conditions, while others are happy to grab the savings.

FEATURES

  • The well-dressed scrapyard

    What equipment should a yard operator be looking at to remain competitive and efficient? The emphasis often is on operational efficiency and value-added sorting, and one comprehensive, flexible approach could be to outline what the yard would look like if it were started from scratch.

Trending

TRENDING: FERROUS

  • Ferrous industry woes seen lingering

    Since going up around $10 at the first of the year, ferrous scrap prices have fallen off a cliff as dealers and brokers reported from one end of North America to another that prices were off more than $100 combined for February and March markets.

TRENDING

  • Ferrous views

    A big recycler shuts down an East Coast shredder and ISRI unveils its annual report covering last year’s activities.

TRENDING: NONFERROUS

TRENDING: NONFERROUS

TRENDING: NONFERROUS

TRENDING: NONFERROUS

  • Nonferrous views

    A West Coast UBC case is settled, secondary alloys fall and the copper market is going through some strange and difficult times

TRENDING: GLOBAL

TRENDING: REGIONAL

  • Prices, labor and supply challenge regions

    Regions of the country are facing a diverse set of problems as yards try to contend with the chaos created by dramatically falling prices early in the year—some are changing business models, some worry about labor issues and others even are concerned about the loss of entrepreneurs in the scrap industry.

From the Editor

FROM THE EDITOR

  • Scrap downturn is a major change

    As the annual convention of the Institute of Scrap Recycling Industries approaches, to say that everything is not ideal in the ferrous scrap world would be a bit of an understatement. The first quarter of 2015 has presented scrap companies with their greatest challenges since the Great Recession helped to lower prices near the end of 2008. It hasn’t been a bed of roses on the nonferrous side, either.

The Business

THE BUSINESS: MANAGEMENT ZONE

THE BUSINESS: MANAGEMENT ZONE

  • Scrapping the playbook

    Recyclers are scrambling to change how they do business right now in the face of pricing drops unlike any seen since the start of the Great Recession.

TRENDING: MANAGEMENT ZONE

  • Management strategies

    A Southern recycler considers expanding its footprint, and a buy involving a major scrap player takes place up north in Wisconsin.

THE BUSINESS: BOARDROOM

THE BUSINESS: BOARDROOM

  • Is talent pool shallow?

    A big issue facing the local and national horizon is the talent pool of potential employees with experience in and devotion to the scrap sector, according to one industry veteran.

THE BUSINESS: BOARDROOM

  • Boardroom maneuvers

    Companies announce a number of departures and additions at the executive level as business environment changes.

THE BUSINESS: PROFILES

  • It Wendt well

    For N.Y.-based Wendt Corp., scrap technology and equipment are all about the customer.

THE BUSINESS: PROFILES

Market Influences

MARKET INFLUENCES: MANUFACTURING HUB

  • Lower scrap tags could boost mini-mills, hurt integrateds

    As scrap prices decline, the cost structure of the U.S. mini-mill steel producers declines, effectively lowering acceptable price levels and spot pricing in the U.S. market, but the lower prices could hurt integrated mills, especially those that depend on internally sourced iron ore.

MARKET INFLUENCES: MANUFACTURING HUB

  • Crude behavior

    Since Brent Crude oil prices reached their high monthly average for the year in June 2014, a precipitous drop in oil prices began late last summer that will likely have both positive and negative impacts on steel production and, therefore, the demand for domestic ferrous scrap.

MARKET INFLUENCES: MANUFACTURING HUB

  • The makers

    Aluminum shipments were strong last year, steel faces price challenges and auto demand continues to dominate manufacturers’ thinking.

MARKET INFLUENCES: SCRAP STREAM

MARKET INFLUENCES: SCRAP STREAM

  • Pig knuckles under

    Brazil’s pig iron export prices fell by as much as $30 per tonne in mid-February, market participants told AMM sister publication Steel First.

MARKET INFLUENCES: SCRAP STREAM

MARKET INFLUENCES: MOVING AROUNG

MARKET INFLUENCES: MOVING AROUND

  • Spending on the move

    U.S. construction and rail freight spending are charting new highs, according to separate reports from the Associated General Contractors of America (AGC) and the Association of American Railroads (AAR).

MARKET INFLUENCES: MOVING AROUND

  • Logistics

    Labor issues influence Canadian rail, while Mexican and U.S. steelmakers worry about ways to control transportation costs south of the border.

Outfitted

OUTFITTED: PREPARE & PREVENT

OUTFITTED: PREPARE & PREVENT

  • ISRI appoints members to theft advisory council

    Conner Samuels, senior director of security operations investigations, policy and threat management at Time Warner Cable Enterprises LLC, and Sergeant Todd Powell of the Anne Arundel County Police Department’s Metal Theft Unit in Maryland, have been named to the Institute of Scrap Recycling Industries’ Law Enforcement Advisory Council (LEAC).

OUTFITTED: PREVENT & PREPARE

  • Safety, theft news

    An accident prevention systems hits the market, and titanium scrap stolen from California was recovered in Arizona

OUTFITTED: NEW EQUIPMENT

OUTFITTED: NEW EQUIPMENT

OOUTFITTED: NEW EQUIPMENT

  • New Equipment

    Innovations include new handling machines that improve efficiency and a big acquisition by a major scrap equipment company.

OUTFITTED: NEW PRODUCTS

OUTFITTED: NEW PRODUCTS

  • A shred of evidence

    ISRI releases video detailing significant contributions of shredders to the recycling industry.

Latest Pricing Trends Year Over Year