Scrap RSS

  • Daido waiting for damages won in lawsuit May 12, 2014

    Daido International LLC has yet to receive the damages it won in a lawsuit against Recycling Unlimited Metal Co. Inc. for failing to fulfill three purchase orders made last year, according to Daido attorney Michael N. Berke.

  • NC recycler’s scale worker accused of embezzlement May 12, 2014

    An employee of a North Carolina metal recycler has been accused of embezzlement and felony conspiracy after allegedly overpaying customers at the scale.

  • Copper premiums stable as market seeks stronger demand May 09, 2014

    Copper cathode demand is reportedly steady but unremarkable, with consumers looking for more improvement from end markets.

  • PSC Metals narrows loss in first-quarter May 09, 2014

    PSC Metals Inc. narrowed its first-quarter loss despite a dramatic reduction in revenue and shipments.

  • Copper scrap consolidation to rise: ISRI May 09, 2014

    Copper scrap industry consolidation is likely to step up as some companies rationalize their activities and start to sell less profitable units, Institute of Scrap Recycling Industries chief economist Joseph C. Pickard said.

  • New mandate could make trucking woes worse May 08, 2014

    Federal and state regulations have had a negative impact on trucking capacity and freight costs, but the worst isn’t over, according to Chris Shimoda, director of policy at the California Trucking Association.

  • Chicago scrap prices slide on lower demand May 08, 2014

    Weaker overall demand from steel producers in the Chicago area adversely impacted monthly ferrous scrap prices, which trended lower as the week progressed.

  • Midwest ferrous scrap prices look set to fall May 06, 2014

    Ferrous scrap prices for obsolete grades and shredded in critical markets such as Chicago and Indiana are poised to soften in May, with market participants reporting price decreases for volumes traded May 6.

  • Aluminum scrap prices holding steady May 06, 2014

    Aluminum scrap prices were mostly flat as they continued to follow primary aluminum prices on the London Metal Exchange, which was closed May 5 for a bank holiday.

  • Auto shredder taps Martin commercial buyer May 06, 2014

    Marvin Martin, a 38-year industry veteran, joined Rose Metal Processing LLC as a commercial buyer May 1.

  • Mill discount cap sinks stainless scrap tags May 06, 2014

    Some stainless scrap prices dropped this week amid a cap on consumer mill buying discounts and as London Metal Exchange nickel prices cooled after reaching 15-month highs last week, market participants said.

  • Arca net bolstered by increase in recycling sales May 06, 2014

    Appliance Recycling Centers of America Inc. (Arca) saw its net income soar in the first quarter as the performance of its recycling division improved.

  • Calif. recycler buys two Proler assets in Texas May 06, 2014

    Newport Metal Recycling LLC has purchased two assets of Proler Steel International LLC as part of its strategy to gain a foothold in the Texas market.

  • Detroit makes push to soften shredded market May 05, 2014

    A well-supplied shredded scrap market could take the wind out of ferrous scrap trading sentiment this month as talk of any meaningful price increases all but ended May 5.

  • Mass. recycler asks council to postpone permit hearing May 05, 2014

    A Woburn, Mass., auto salvage company has requested a postponement to May 20 of a public hearing to assess its request for a metal recycling permit.

  • Texas scrapyard fire injures three May 05, 2014

    A fire at a Bridgeport, Texas, scrapyard over the weekend resulted in three firefighters suffering minor injuries.

  • NY shredder Roth Steel files for Ch. 7 May 05, 2014

    A Syracuse, N.Y., auto shredder that abruptly closed in February has filed for Chapter 7 liquidation in U.S. Bankruptcy Court in New York.

  • Aluminum scrap prices follow LME lower May 03, 2014

    Secondary aluminum scrap prices were generally weaker this past week, with market participants battling to determine positions amid declining terminal markets.

  • Bulk export prices to Turkey drop $10/T on sales May 02, 2014

    U.S. bulk export prices to Turkey have dropped around $10 per tonne over the past month, with five recent bulk cargo sales suggesting a gradual return of Turkish demand.

  • Mich. scrap theft law draws mixed response May 02, 2014

    A new Michigan law aimed at curbing scrap metal theft is more likely to damage the scrap industry than help it, industry participants claim.

  • India scrap prices hold as demand rises May 02, 2014

    Marginal strengthening of the Indian rupee against the dollar sparked an increase in demand for some ferrous scrap grades, with exporters of containerized scrap reporting healthy sales at prices mostly unchanged from a week earlier.

  • NLMK Indiana hires scrap buyer May 02, 2014

    NLMK Indiana has hired Elliott Gibbs as its new scrap buyer following the recent departure of Todd Goodwin.

  • Court affirms ruling in Amerimex lawsuit vs. PPG May 02, 2014

    Amerimex Recycling LLC has prevailed again in a breach-of-contract lawsuit against PPG Industries Inc., which it had accused of wrongly terminating a scrap metal contract.

  • Jury awards Schnitzer Steel $8.6M in lawsuit May 01, 2014

    A federal jury has awarded $8.6 million to Schnitzer Steel Industries Inc. in its lawsuit against insurance company Continental Casualty Co. and its subsidiary, Transportation Insurance Co.

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