AMM Daily

Wednesday Sep 03 2014
AMM’s daily issue is a collection of the top stories as selected by our editors. Access is restricted to subscribers and trialists so if you aren’t subscribing, you are missing the benefit of our editors' experience in judging the most critical news items of the day. Subscribe or take a free trial today.

Latest News By Category

Steel RSS

  • Preliminary margins set vs. China wire rod

    Sep 02, 2014 | 06:52 PMNat Rudarakanchana

    U.S. imports of steel wire rod from China are facing preliminary anti-dumping margins of 106.19 to 110.25 percent following an affirmative dumping determination by the U.S. Commerce Department.

  • Sandvik divests distribution assets

    Sep 02, 2014 | 05:56 PMRey Mashayekhi

    Sandvik Materials Technology is divesting its distribution business in Australia and New Zealand to Vulcan Steel Ltd. with the deal expected to close in October.

  • Nucor said mulling Gallatin Steel acquisition

    Sep 02, 2014 | 04:44 PMMichael Cowden

    Nucor Corp. may be considering an acquisition of Gallatin Steel Co., market sources said.

Nonferrous RSS

  • Noranda sets layoffs after failed power rate bid

    Sep 02, 2014 | 06:15 PMNathan Laliberte

    Noranda Aluminum Holding Corp. will lay off up to 200 workers at its New Madrid, Mo.-based smelter over the next six months.

  • Copper premiums flat despite fall in demand

    Sep 02, 2014 | 05:47 PMSaranya Kapur

    Domestic copper premiums are steady despite lower demand from buyers in the United States and abroad.

  • Banks seen likely to stay in commodities

    Sep 02, 2014 | 05:44 PMNathan Laliberte

    Financial institutions could remain active in commodities markets following the dismissal of antitrust litigation that accused major banks and the London Metal Exchange of conspiring to artificially inflate aluminum prices, according to several U.S.-based aluminum traders.

Scrap RSS

  • US bulk ferrous scrap export prices pressured

    Sep 02, 2014 | 05:04 PMSean Davidson

    West Coast bulk ferrous scrap export prices have eased marginally as the market enters uncertain territory amid strong scrap inventory positions by South Korean steel mills.

  • Recycler building auto shredder residue plant

    Sep 02, 2014 | 03:04 PMLisa Gordon

    Andersen’s Sales & Salvage Inc. is constructing a new automotive shredder residue (ASR) nonferrous metals processing plant in Colorado that will utilize a new separation technology patented by the company.

  • SMS acquires Indiana auto shredder

    Sep 02, 2014 | 11:23 AMLisa Gordon

    Scrap Metal Services LLC (SMS) has purchased the auto shredding operation of 360 Degree Metal Recycling Inc. in New Carlisle, Ind., marking its third Midwest acquisition this year.

Supply Chain RSS

  • Sandvik divests distribution assets

    Sep 02, 2014 | 05:56 PMRey Mashayekhi

    Sandvik Materials Technology is divesting its distribution business in Australia and New Zealand to Vulcan Steel Ltd. with the deal expected to close in October.

  • Aluminum die caster plans $17M expansion

    Sep 02, 2014 | 12:25 PMDaniel Fitzgerald

    Spartan Light Metal Products will begin a $17-million expansion of its aluminum and magnesium die casting operations in Missouri aimed at boosting its automotive component production.

  • Jindal Tubular finalizes PSL North America buy

    Sep 02, 2014 | 12:24 PMThorsten Schier

    Jindal Tubular USA LLC, a subsidiary of India’s Jindal SAW Ltd., has completed its $104-million acquisition of bankrupt large-diameter spiral-weld pipe maker PSL North America LLC.

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