Scraphttp://www.amm.com©2014 www.amm.com60ScrapFla. recycler claims lender forced bankruptcyA Miami metals recycler claims it was wrongly pushed into bankruptcy by its lender., 24 Jul 2014 01:42:00 GMTSims outlines five-year growth strategySims Metal Management Ltd. will strive for additional underlying growth of Australian $238 million ($223.4 million) over the next five years, with roughly 75 percent of that expected to stem from a business optimization plan., 23 Jul 2014 22:58:00 GMTSchnitzer unit files Rico suit vs. Calif. yardA Schnitzer Steel Industries Inc. subsidiary is suing a California scrapyard for allegedly intentionally shorting the weight of its deliveries and violating the Racketeer Influenced and Corrupt Organizations (Rico) Act., 23 Jul 2014 21:36:00 GMTUS ferrous scrap export prices to Turkey inch upPrices for U.S. bulk ferrous scrap exports to Turkey inched slightly higher this week as mills continued to book cargoes., 23 Jul 2014 20:58:00 GMTRecleim eyes early ’15 SC recycling plant startRecleim LLC is expected to open its $40.6-million appliance recycling operation in Graniteville, S.C., by the first quarter of next year., 23 Jul 2014 17:34:00 GMTEgyptian Steel seeks duties on Turkish rebar: chief execEgyptian Steel Group is seeking anti-dumping tariffs on Turkish rebar to help protect the fledgling local industry and is looking at the U.S. Commerce Department’s handling of its rebar trade case against Turkey with interest, according to its top executive., 23 Jul 2014 16:55:00 GMTMart sees scrap prices holding steady in Aug.Domestic ferrous scrap prices could trend sideways in August as early speculation points to a market that is in relative balance., 22 Jul 2014 23:03:00 GMTIncreased shipments boost OmniSource’s 2d-qtr. resultsOmniSource Corp. posted an all-around improvement in the second quarter, when 46 percent of its shipments went to Steel Dynamics Inc. (SDI) mills., 22 Jul 2014 20:05:00 GMTNickel drives stainless scrap price fallStainless steel scrap prices dropped slightly this week, mainly due to lower terminal market nickel prices and freer scrap flows amid a summer slowdown in activity, according to market participants., 22 Jul 2014 19:00:00 GMTAL Solutions blast caused by combustible dust: CSBAn explosion that killed three workers at titanium and zirconium recycler AL Solutions Inc. in 2010 was caused by combustible dust, according to a U.S. Chemical Safety Board (CSB) report., 22 Jul 2014 16:52:00 GMTSDI’s net income surges to $72.3M in 2d qtr.Steel Dynamics Inc.’s (SDI’s) profits skyrocketed in the second quarter, with the company remaining bullish for the second half of the year., 22 Jul 2014 16:40:00 GMTScrap brokers split on Severstal NA sale impactOAO Severstal’s sale of its North American assets to Steel Dynamics Inc. (SDI) and AK Steel Corp. could hurt several scrap brokerage businesses, according to market participants., 21 Jul 2014 22:38:00 GMTWest Coast bulk ferrous scrap prices slipWest Coast tags for bulk exports of ferrous scrap lost some ground this past week following price decreases for domestic material in markets like Japan and Taiwan., 21 Jul 2014 21:17:00 GMTMetalX hires Riddell in push to grow businessDavid Riddell has joined MetalX LLC’s management team as a senior marketing executive., 21 Jul 2014 19:23:00 GMTFormer NM governor settles SEC fraud claimsFormer New Mexico governor Toney Anaya has settled U.S. Securities and Exchange Commission (SEC) charges that he misled investors in a publicly traded scrap metals company., 21 Jul 2014 17:15:00 GMTRecycler alleges trademark infringementA New York recycler is suing a competitor for allegedly infringing its trademark and making defamatory remarks about its practices., 17 Jul 2014 18:18:00 GMTUpstate to acquire Eastside Metals & RecyclingUpstate Shredding LLC-Ben Weitsman & Son Inc. is acquiring a metal recycler in Fort Ann, N.Y., 17 Jul 2014 17:45:00 GMTEx-Harsco exec says US wrong country to try suitA judge in Harsco Corp.’s trade secrets violation lawsuit is considering the defendants’ claim that the dispute would be more fitting for a courtroom in England rather than the United States., 16 Jul 2014 17:35:00 GMTMetalico sees improved 2d qtr.Metalico Inc. expects to report improved results and provide an update on business developments when it issues its second-quarter earnings report Aug. 13., 16 Jul 2014 17:11:00 GMTCommerce to name data chiefThe U.S. Commerce Department will hire its first-ever chief data officer, but AMM has been told that no changes are in the works for metals-related data., 16 Jul 2014 16:24:00 GMTStainless steel scrap pricing trends sidewaysStainless steel scrap prices were relatively stable this week due in part to steady London Metal Exchange nickel prices, with market participants noting comfortable supply-side dynamics amid a summer slowdown in activity., 15 Jul 2014 20:00:00 GMTTurkey, Taiwan top ferrous scrap destinationsFerrous scrap shipments from San Francisco to Vietnam were among the top five U.S. export routes in May, but sales to Turkey and Taiwan continued to dominate volumes and shipments., 15 Jul 2014 18:28:00 GMTCourt appoints receiver for Florida e-cyclerA Florida electronics recycler has been placed in receivership after allegedly defaulting on millions of dollars in loans., 15 Jul 2014 17:46:00 GMTFormer Omni executive joins e-cycling marketA former OmniSource Corp. executive has entered the electronics scrap recycling industry in South Carolina., 15 Jul 2014 16:58:00 GMTCovanta eyes Indianapolis landfill for metals recoveryCovanta Tartech LLC is continuing an effort to recover discarded metals, with plans to install ferrous and nonferrous metal recovery equipment at a landfill in Indianapolis., 15 Jul 2014 15:35:00 GMTNonferrous scrap export slowdown continuesU.S. nonferrous scrap exports fell for the fifth successive month in May compared with a year earlier as weaker Chinese demand continued to hurt overall volumes., 15 Jul 2014 15:29:00 GMTBulk ferrous scrap export tags to Turkey climbPrices for U.S. bulk ferrous scrap exports to Turkey inched marginally higher last week after Turkish mills swarmed export markets for cargoes., 14 Jul 2014 23:25:00 GMTKeywell appeals bankruptcy court rulingKeywell Metals LLC has appealed to the U.S. District Court in Illinois a bankruptcy court dismissal of its claim that two former Keywell LLC executives are contractually prohibited from working for scrap processor Cronimet Corp. by noncompete agreements., 14 Jul 2014 17:10:00 GMTFerrous scrap exports fall as China retreatsU.S. ferrous scrap exports plummeted in May compared with the same month last year following a dramatic cutback in demand from China and Turkey., 14 Jul 2014 15:10:00 GMTUSS mulls Canada operations restructure: unionU.S. Steel Corp. may be considering a restructuring of its Canadian operations, according to a union official., 11 Jul 2014 21:12:00 GMTPuerto Rico recycler settles EPA claimA Puerto Rican recycling company is investing in new equipment and paying a $29,000 fine to resolve alleged violations of certain hazardous waste laws., 11 Jul 2014 21:03:00 GMTPSC Metals rejigs executive teamPSC Metals Inc. is realigning its executive team as part of a strategy to operate more efficiently and capitalize on the strengths of its seasoned veterans., 11 Jul 2014 19:54:00 GMTContainerized ferrous scrap prices to Asia dipContainerized ferrous scrap export prices to most Asian markets retreated this week after a regional benchmark tender in Japan slipped a few dollars and demand from Taiwan weakened., 10 Jul 2014 22:51:00 GMTShredded outperforms primes in MidwestShredded scrap prices gained the most ground in the Midwest in July as mill buyers looked to restore more-historical price spreads between the material and No. 1 busheling., 10 Jul 2014 22:25:00 GMTBulk ferrous scrap export tags to Turkey riseU.S. bulk ferrous scrap export prices to Turkey firmed this week as two cargo sales reflected a strong domestic market., 10 Jul 2014 20:40:00 GMTEarly trading bolsters Midwest scrap pricesA mixed market for shredded steel scrap in the Midwest has resulted in varied trends across key regions as early transactions fared better than late ones amid weakening sentiment., 09 Jul 2014 22:47:00 GMTCalif. accuses two men of UBC fraudTwo men have been arrested by California authorities for alleged recycling fraud., 09 Jul 2014 22:39:00 GMTScrap exports not impacted by port strikeUnionized truck drivers at the ports of Los Angeles and Long Beach, Calif., declared an indefinite strike July 7, alleging unfair labor practices in the use of independent contractors., 09 Jul 2014 19:34:00 GMTExide seeks approval to borrow $65MExide Technologies Ltd. is seeking permission to borrow an additional $65 million from its bankruptcy creditors, according to documents filed in U.S. Bankruptcy Court in Delaware., 09 Jul 2014 16:06:00 GMTJuly ferrous scrap prices in Detroit move higherFerrous scrap tags in Detroit inched higher this month as a push to normalize price differentials between prime and shredded scrap coupled with tight supplies of plate and structural scrap allowed prices for obsolete grades to rise., 08 Jul 2014 22:45:00 GMTStainless scrap follows LME northStainless steel scrap prices have ticked upward this week on the strength of higher London Metal Exchange nickel prices, though market participants noted a “natural” summer slowdown in trading activity., 08 Jul 2014 22:29:00 GMTImperial purchasing exec. Riddell leavesDavid Riddell, vice president of purchasing at Imperial Zinc Corp., has left the company effective July 7 after overseeing its scrap buying for nearly eight years., 08 Jul 2014 22:16:00 GMTMetal recycler seeks OK to open Wisconsin scrapyardA 30-year veteran of the metal recycling industry is seeking permission to open a facility in Hobart, Wis., 08 Jul 2014 16:13:00 GMTSchnitzer faces $100,000 penalty for faulty pumpsSchnitzer Steel Industries Inc. is facing a $100,000 administrative penalty after allegedly failing to minimize the impact of defective pumps that caused its stormwater system to malfunction., 08 Jul 2014 15:29:00 GMTMetal Conversion files suit following fireMetal Conversion Technologies LLC has accused Environmental Integrity Co. LLC and Charles Bailey Trucking Inc. of failing to comply with laws and regulations in packaging and shipping a load of lithium batteries that led to a fire at the company’s facility in Georgia., 07 Jul 2014 22:00:00 GMTCalif. recycler said for sale in tough marketA tough economic environment has prompted a California metal recycler to put its business up for sale., 07 Jul 2014 19:50:00 GMTWarren Steel aims for Aug. 1 restartWarren Steel Holdings LLC’s wants to restart steelmaking by Aug. 1, a target date the company would need to start preparing to hit by mid-July, a company executive said., 07 Jul 2014 18:13:00 GMTCatalytic converter recycling planned in Va.A Virginia metal recycler is making plans to set up a catalytic converter recycling operation in Lunenburg County., 07 Jul 2014 15:05:00 GMTBankrupt recycler’s assets set for auctionUsed machinery and equipment at a now-defunct scrap facility in Seattle will be auctioned off July 24, five months after the recycler filed for bankruptcy., 03 Jul 2014 21:48:00 GMTS. Korea returns to US bulk ferrous scrap martA South Korean steel producer has booked three bulk cargoes of ferrous scrap from the United States after a weaker dollar gave the producer room to increase prices., 03 Jul 2014 19:42:00 GMTFlooding disrupts SSAB rail shipmentsFlooding in the Quad Cities area has stopped rail shipments in and out of the SSAB Americas’ plate mill in Montpelier, Iowa., 03 Jul 2014 19:13:00 GMTLawsuit targets former Harsco execHarsco Corp. is suing a former executive for allegedly passing company secrets to two competitors and diverting business opportunities., 03 Jul 2014 16:37:00 GMTWest Coast port labor talks slowing scrap flowThe flow of scrap is being impacted by labor negotiations at West Coast ports despite no official disruption of port operations., 03 Jul 2014 15:10:00 GMTBrewer out; Kline named PSC chief execPSC Metals Inc. has tapped aluminum industry veteran Ronald L. Kline to oversee the business effective immediately, the company’s sixth chief executive officer in less than 11 years., 02 Jul 2014 22:14:00 GMTTwo recyclers merge in wake of lawsuitWise Metals Group LLC has merged its Wise Recycling LLC business with Source Recycling LLC after suing the company and three of its senior staff for alleged breach of contract, unfair and deceptive trade practices and misappropriation of Wise Recycling’s trade secrets., 02 Jul 2014 21:20:00 GMTW. Coast bulk ferrous scrap export prices jumpWest Coast bulk ferrous scrap export prices posted a significant increase following a sale to Thailand that broke a monthlong impasse., 02 Jul 2014 20:28:00 GMTMetals recycler seeks to open Ga. facilityA metals recycler is seeking to set up shop in Norcross, Ga., 02 Jul 2014 20:12:00 GMTNovX21 picks Quebec for recycling facilityNovX21 Inc. plans to set up an operation in Thetford Mines in Quebec to recover platinum group metals (PGM) from spent catalytic converters., 02 Jul 2014 16:05:00 GMTMetalico in debt restructure dealMetalico Inc. has reached an agreement to restructure some of its debt., 01 Jul 2014 23:28:00 GMTZorba prices flat as demand wanesExport prices for zorba, a nonferrous auto shred, are expected to stay flat over the next few weeks due to a lack of strong interest from China and India, despite an uptick in aluminum and copper terminal market tags, market players said., 01 Jul 2014 23:04:00 GMTAuto recycler moves N.Y. locationAn auto salvager and recycler operating throughout the United States and Canada is moving one of its New York locations to Bergen from Rochester., 01 Jul 2014 18:21:00 GMTAccident kills Novelis contractorAn accident in the recycling area at Novelis Inc.’s plant in Oswego, N.Y., has killed a contractor, Steven Cooper, 31, of Phoenix, N.Y., 01 Jul 2014 17:59:00 GMTRecycling has $13B annual impact on SC: studyThe recycling industry’s annual economic impact in South Carolina has doubled since 2006 to $13 billion in 2014, according to a report., 01 Jul 2014 16:57:00 GMTMidwest scrap market divided on July pricesMidwest steel mills likely will push for an unchanged ferrous scrap market in July despite pressure from suppliers for higher prices., 30 Jun 2014 21:24:00 GMTFerrous scrap exports to Turkey hit lullU.S. bulk ferrous scrap exports to Turkey are expected to hit a quiet period this week due to a price standoff between buyers and sellers., 30 Jun 2014 21:04:00 GMTHoliday noticeAMM’s offices will be closed Friday, July 4, in observance of Independence Day, and there will be no issue that day. The New York Mercantile Exchange also will be closed Friday. The London Metal Exchange will be open, and AMM will publish the LME’s July 4 prices in the July 8 issue., 30 Jun 2014 18:52:00 GMTTexas scrap broker sued by Malaysian recyclerA Malaysian metal recycler is suing a Texas scrap broker that allegedly failed to deliver wire shipments and instead sold the material to third parties., 30 Jun 2014 17:45:00 GMTCMC mulling relocation of San Antonio shredderCommercial Metals Co. (CMC) could be seeking a new home for its recently bought Texas auto shredder., 27 Jun 2014 21:39:00 GMTSchnitzer sees iron ore prices rallyingIron ore prices are more likely to recover in the coming months since a tighter supply of scrap has left very little room to for iron ore tags to trend lower, according to Schnitzer Steel Industries Inc.’s top executive., 27 Jun 2014 21:32:00 GMTExport prices for container scrap to Taiwan slipExport prices for containerized ferrous scrap to Taiwan slipped this past week as mill demand receded following four weeks of gains., 27 Jun 2014 18:00:00 GMTSupply issues tighten copper scrap discountsTight supply conditions dominated the copper scrap market this week, and despite an uptick in terminal markets spreads on most grades of copper scrap tightened., 26 Jun 2014 22:46:00 GMTSchnitzer revenue falls amid lower scrap pricesSchnitzer Steel Industries Inc. recorded higher domestic ferrous scrap sales during its fiscal third quarter while export volumes fell, but the shift in destinations was unable to prevent total revenue from its ferrous sales from falling 16.8 percent compared with a year earlier., 26 Jun 2014 21:28:00 GMTUS books ferrous scrap sale to TurkeyAn East Coast bulk cargo sale of ferrous scrap to Turkey ended a two-week impasse between U.S. exporters and Turkish mills, with prices trending marginally higher., 26 Jun 2014 21:07:00 GMTCapital Scrap Metal OK’d to open Fla. yardA Florida metal recycler has received approval to open its fourth facility in the state., 26 Jun 2014 18:53:00 GMTISRI launches web resource to help combat metals theftThe Institute of Scrap Recycling Industries has launched a website to help combat metals theft., 26 Jun 2014 17:46:00 GMTMidwest scrap dealers look to boost July tagsMidwest ferrous scrap prices could recoup June’s declines when trading begins next week, according to early speculation by market participants., 25 Jun 2014 21:19:00 GMTInsolvent Ontario recycler’s shredder soldInsolvent Ontario metals recycler Scrapmen & Boparai Trading Co.’s auto shredder and other assets have been sold for a mere Canadian $100,000 ($93,262)., 25 Jun 2014 18:21:00 GMTMixed wheel weights test recyclersThe addition of steel and zinc wheel weights to traditional lead wheel weights are posing real challenges to recyclers, which have struggled to viably segregate the three versions., 25 Jun 2014 14:10:00 GMTSims mulls e-cycling closures amid revampSims Metal Management Ltd. could shutter its electronics recycling operations in Canada and a majority of its footprint in the United Kingdom, the company said June 24., 24 Jun 2014 19:51:00 GMTScrap exporter defies city order to shutA scrap metal export facility operating at the Port of Palm Beach in Florida said it will not heed the city’s order to cease operations there., 24 Jun 2014 19:13:00 GMTPacific Recycling facing $328,000 penaltyA Eugene, Ore.-based metal recycler is facing a penalty of nearly $328,000 for allegedly failing to implement a stormwater management plan., 23 Jun 2014 22:08:00 GMTWorley Brothers Scrap Iron files for Ch. 11Worley Brothers Scrap Iron & Metal Inc. has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Tennessee., 23 Jun 2014 17:29:00 GMTAircraft retirements seen boon for scrapThe aviation industry is facing a "tsunami" of aircraft retirements in the coming years, sending a wave of material into the aerospace scrap recycling stream, according to industry executives., 23 Jun 2014 15:22:00 GMTNC recycler opens third facilitySouthern Metals Recycling Inc. has opened its third Wilmington, N.C., facility to increase scrap flow and accommodate the working schedules of its customer base., 23 Jun 2014 14:40:00 GMTRail metal theft bill awaits Pa. governor’s OKA Pennsylvania law intended to prevent the sale of stolen railroad metal has passed both houses of the state legislature and is awaiting the signature of Gov. Tom Corbett., 20 Jun 2014 19:57:00 GMTScrap won’t play major role in China until ’25: Vale execVale SA does not see scrap playing a major role in China’s steelmaking industry until 2025, according to its top expert on ferrous markets., 20 Jun 2014 17:49:00 GMTPSC Metals to upgrade its shredder in Tenn.PSC Metals Inc. plans to upgrade one of its nine auto shredders to capture more metallics., 20 Jun 2014 16:46:00 GMTFerrous scrap ripe for consolidation: AbramsThe ferrous scrap industry, plagued by structural problems and pricing volatility, could be ripe for consolidation, according to one industry executive., 19 Jun 2014 23:07:00 GMTTenenbaum Recycling buys yards in Ark., Mo.Tenenbaum Recycling Group LLC (TRG) has enlarged its Arkansas footprint and expanded into Missouri with the purchase of two scrapyards., 19 Jun 2014 22:59:00 GMTFerrous scrap export tags to Taiwan climbA short-term ferrous scrap shortage borne by an recent uptick in orders for reinforcing bar resulted in higher scrap export prices into Taiwan this week, market participants said., 19 Jun 2014 21:45:00 GMTAIM Cleveland promotes HammondsAmerican Iron & Metal Cleveland LLC has appointed Kevin Hammonds general manager., 19 Jun 2014 18:42:00 GMTTwo admit tax evasion in cash-for-scrap schemeTwo men are facing prison time and fines after pleading guilty to tax evasion charges for failing to report income from scrap metal sales on their tax returns between 2004 and 2008., 19 Jun 2014 17:57:00 GMTUSA Metal Recycling sued over bill disputeAn equipment service provider is suing a metal recycler for allegedly not paying for repairs to an auto shredder., 19 Jun 2014 17:36:00 GMTMetalX, ISA may build ties, Rifkin saysMetalX LLC and Industrial Services of America Inc. (ISA) could potentially develop commercial relationships, MetalX president and chief executive officer Daniel M. Rifkin told AMM in the wake of his recent investment in ISA., 18 Jun 2014 22:35:00 GMTSA Recycling buys Texas shredder, Arizona yardsSA Recycling LLC has expanded its footprint with the acquisition of a Texas shredder and four scrapyards in Arizona., 18 Jun 2014 16:47:00 GMTSteel scrap prices could plummet: WSDGlobal steel scrap prices could "plummet" in the coming months due to sluggish export demand and pressure from lower-priced iron ore and coke, according to two World Steel Dynamics Inc. (WSD) analysts., 17 Jun 2014 21:55:00 GMTStainless scrap pricing trends lowerStainless scrap prices continued to slip this week, with scrap industry participants noting a settled market with less "froth and frenzy.", 17 Jun 2014 20:36:00 GMTScrap dealer gets probation for lying in probeA Pittsburgh scrap dealer who admitted wrongdoing in a $1-million nickel theft case has been placed on probation for one year and ordered to pay $148,297 in restitution., 17 Jun 2014 18:08:00 GMTIll. recycler to offer one property for saleChicago-area recycler Cozzi O’Brien Recycling LLC will put one of its properties up for sale next week., 17 Jun 2014 17:54:00 GMTSDI sees good times rolling in 2d qtr.Steel Dynamics Inc. (SDI) expects improved demand to fuel a jump in second-quarter earnings despite an increase in imports., 17 Jun 2014 17:50:00 GMT