Scrap

  • Two admit tax evasion in cash-for-scrap scheme Jun 19, 2014

    Two 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.

  • USA Metal Recycling sued over bill dispute Jun 19, 2014

    An equipment service provider is suing a metal recycler for allegedly not paying for repairs to an auto shredder.

  • MetalX, ISA may build ties, Rifkin says Jun 18, 2014

    MetalX 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.

  • SA Recycling buys Texas shredder, Arizona yards Jun 18, 2014

    SA Recycling LLC has expanded its footprint with the acquisition of a Texas shredder and four scrapyards in Arizona.

  • Steel scrap prices could plummet: WSD Jun 17, 2014

    Global 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.

  • Stainless scrap pricing trends lower Jun 17, 2014

    Stainless scrap prices continued to slip this week, with scrap industry participants noting a settled market with less "froth and frenzy."

  • Scrap dealer gets probation for lying in probe Jun 17, 2014

    A 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.

  • Ill. recycler to offer one property for sale Jun 17, 2014

    Chicago-area recycler Cozzi O’Brien Recycling LLC will put one of its properties up for sale next week.

  • SDI sees good times rolling in 2d qtr. Jun 17, 2014

    Steel Dynamics Inc. (SDI) expects improved demand to fuel a jump in second-quarter earnings despite an increase in imports.

  • ERI taps chief operating officer Jun 17, 2014

    Electronic Recyclers International Inc. (ERI) has named aluminum industry veteran Kelly Thomas as its chief operating officer.

  • Analyze this: fighting low-quality scrap Jun 16, 2014

    Daniel Pflaum, president of Dayton, Ky.-based Gamma-Tech, continues to lament the industry’s use of visual inspection for scrap. In this conversation with AMM, he details his push for wider adoption of the belt analyzer and what changes his company could bring to the industry.

  • Ecuador a key destination for shredded scrap Jun 16, 2014

    Ecuador emerged as the top trade destination for U.S. shredded scrap shipped from San Francisco in April as weak demand from South Korea forced exporters to identify new homes for material.

  • ISA lands $3M investment, $17.8M credit line Jun 16, 2014

    Industrial Services of America Inc. (ISA) has received a $3-million investment from Recycling Capital Partners LLC (RCP), as well as a $17.8-million credit facility from Wells Fargo Bank NA.

  • Funding source clouds Calif. aluminum project Jun 16, 2014

    The source of funding for a proposed $1.5-billion secondary aluminum manufacturing facility in Barstow, Calif., is being disputed by the project’s developer.

  • Cobra names regional manager Jun 16, 2014

    Cobra Trading LLC has appointed Abby Frank its Southeast regional trading manager as the company continues to expand.

  • Aluminum sheet faces scrap segregation test Jun 13, 2014

    The steady climb of aluminum sheet used in light vehicle bodies could send certain aluminum scrap prices soaring next year before increased sheet production drives more scrap into the recycling stream, according to market participants.

  • Baker earns ISRI award for scrap contribution Jun 13, 2014

    The Institute of Scrap Recycling Industries’ (ISRI’s) Gulf Coast Chapter has named Thomas Baker the winner of its annual Israel Proler Award, which recognizes an individual’s outstanding contribution to the scrap recycling industry.

  • Shredded scrap tags to India off again Jun 13, 2014

    Prices for U.S. containerized shredded scrap exported to India slipped for a second consecutive week as demand continued to drop.

  • China drives fall in April nonferrous scrap exports Jun 12, 2014

    Nonferrous scrap exports declined in April as weak demand from China hit volumes.

  • Copper tubing maker sued for dumping waste Jun 12, 2014

    A copper flow products manufacturer is being sued for allegedly releasing harmful chemicals and toxins into the environment at its recycling and smelting facility in southern Illinois.

  • Container scrap tags to Asia rise with demand Jun 12, 2014

    Ferrous scrap export prices to several Asian countries have strengthened this week as demand from mill buyers improved.

  • Conn. law aims to curb municipal metals theft Jun 11, 2014

    Connecticut has passed new metals theft legislation meant to combat the unauthorized sale of municipal property to scrap recyclers in the state.

  • Bulk export mart’s path hazy as Turks sink tags Jun 11, 2014

    U.S. bulk ferrous scrap export prices to Turkey slipped this week after a sale was booked to the world’s largest importer of the steelmaking raw material, although some traders expressed uncertainty about what the deal means for the market.

  • US ferrous scrap exports rise in April Jun 11, 2014

    U.S. ferrous scrap exports rose in April after logging three consecutive months of year-on-year declines, driven by demand from Turkey.

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