Scrap RSS

  • Schupan eyes growth, hires scrap veterans Feb 06, 2014

    Schupan & Sons Inc. has hired two scrap industry veterans to help lead its growing industrial recycling division.

  • Discounts on copper scrap dip in February Feb 06, 2014

    Discounts for several grades of copper scrap slipped Feb. 6 as sources said wintry weather conditions across much of the country were beginning to impact supply and material flow.

  • Steel scrap processor still operating under Keywell name Feb 06, 2014

    While the bankrupt specialty steel scrap processor formerly known as Keywell LLC has changed its name to SGK Ventures LLC for legal reasons, Keywell’s assets continue to operate as Keywell Metals LLC under the ownership of investment firm Prophet Equity LP, the firm’s managing director has confirmed.

  • Benlee founder Bill Wolok dies at 84 Feb 06, 2014

    Bill Wolok, a scrap metal recycler and hauler who founded Benlee Inc., died Feb. 5. He was 84.

  • Detroit market plunges on strong scrap supply Feb 05, 2014

    Detroit-area steel mills have quashed early dealer resistance and pushed ferrous scrap prices down significantly.

  • CMC could face class-action lawsuit Feb 05, 2014

    Commercial Metals Co. (CMC) could be facing a class-action lawsuit from a group of residents near its Tulsa, Okla., shredding facility who claim that explosions at the shredder have damaged their property.

  • Japan's scrap prices to rise after Feb.; exports up: BIR Feb 05, 2014

    Japan’s ferrous scrap demand is holding steady as its economy recovers, with market prices seen resuming an upward trend after February, according to a quarterly Bureau of International Recycling (BIR) report.

  • Ferrous scrap market prepares for battle Feb 04, 2014

    Persistent winter storms across much of the United States and a slight uptick in bulk export activity have tempered speculation on February ferrous scrap prices as the Midwest market prepares to trade.

  • Bankrupt Keywell to operate as SGK Ventures Feb 04, 2014

    Bankrupt specialty steel scrap processor Keywell Metals LLC has changed its name to SGK Ventures LLC, according to documents filed Feb. 3 in U.S. Bankruptcy Court in Illinois.

  • Scrap export prices fall on weak demand, lira Feb 04, 2014

    Prices for U.S. bulk ferrous scrap shipments to Turkey dropped for the second time in a week as poor demand and a weak Turkish currency continued to affect exporters.

  • Idaho recyclers look to alter scrap metal law Feb 04, 2014

    A coalition of Idaho recyclers has proposed amendments to a state scrap metal purchasing law that would ease transaction record requirements and exempt scrap metal businesses from being charged with a felony for violating provisions of the law.

  • Supply crimp buoys aluminum scrap Feb 04, 2014

    Secondary aluminum smelters’ scrap prices were mostly steady Feb. 3 despite aluminum’s drop to a more than four-and-a-half-year low on the London Metal Exchange.

  • PSC’s lockout in Cleveland ends, Canton union still out Feb 04, 2014

    Unionized workers who were locked out of one of PSC Metals Inc.’s Ohio facilities returned to the job Feb. 4 after agreeing to company demands in contract talks.

  • Stainless scrap prices continue to drop Feb 04, 2014

    Stainless steel scrap prices continued to drop this week, responding to softening London Metal Exchange nickel prices that have further cooled from January’s rally, market participants told AMM.

  • Fla. recycler files for Chapter 11 bankruptcy Feb 04, 2014

    A Florida metal recycler has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Florida.

  • Tokyo Steel further reduces its scrap purchasing prices Feb 04, 2014

    Tokyo Steel Manufacturing Co. Ltd. has again reduced its ferrous scrap buying prices effective with deliveries to its facilities beginning Feb. 5.

  • Tampa Port rebrands, but steel still core Feb 03, 2014

    The Port of Tampa has a new name, a new logo and a newly launched rebranding effort—one keyed to capitalize on the "sweet spot" location of what now goes by the name Port Tampa Bay, only a short trip by ship to Mexico and the closest U.S. port to the Panama Canal.

  • Global demand, prices seen inching up: BIR Feb 03, 2014

    Ferrous scrap recyclers across the world expect demand and prices to recover gradually over the next few months, with elections in critical import countries expected to have a lasting impact on trade in 2014.

  • US zorba export prices steady Feb 03, 2014

    U.S. export prices for zorba, a nonferrous auto shred, have remained relatively stable over the past week, although exporters cautioned that weakening terminal markets coupled with the onset of the Chinese New Year Jan. 31 could lower prices over the next week.

  • Aluminum deox prices jump on scrap tightness Feb 03, 2014

    Producers of aluminum deoxidant, or deox, saw prices rise in January as elevated Midwest premiums coupled with a prolonged spat of winter weather across much of the Midwest and Northeast led to "a very real shortage of scrap," sources told AMM.

  • Former Annaco head Morris Berzon dies Feb 03, 2014

    Morris M. Berzon, former owner of Annaco Inc., died Jan. 30 after a long battle with Parkinson’s disease. He was 79.

  • PSC locks out union at two Ohio sites Feb 03, 2014

    PSC Metals Inc. has locked out unionized workers at two Ohio facilities after failing to reach labor agreements due to a dispute over health care.

  • Alpha sold to private equity firm Jan 31, 2014

    Powdered metal components maker Alpha Sintered Metals Inc. (ASM) has been acquired by private equity firm O2 Investment Partners LLC.

  • SMS acquires scrapyards in Indiana, Michigan Jan 31, 2014

    Scrap Metal Services LLC (SMS) has acquired Gary, Ind.-based Paul’s Auto Yard Inc. and its Coloma, Mich., subsidiary Shafer’s Auto Yard Inc., the company announced Jan. 31.

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