Scrap

  • Stainless scrap prices continue to slide Aug 19, 2014

    Stainless steel scrap prices continued to slide this week in step with lower nickel prices, and industry sources said there is "little sign of an upside."

  • Judge rules against ASR in patent lawsuit Aug 19, 2014

    A manufacturer of a scrap metal container loading system has prevailed in a court case after a judge determined that the company did not infringe on a patent.

  • Turks turn to Baltic Sea as US scrap offers rise Aug 18, 2014

    Higher offer prices from U.S. bulk ferrous scrap exporters are meeting resistance from Turkish steel producers, who are instead turning their attention to Baltic Sea suppliers.

  • Indian buyers squeezing scrap prices Aug 18, 2014

    Strengthening ferrous scrap prices have adversely impacted margins for Indian long product mills, which have struggled to raise product prices in a weak demand environment.

  • Scrap recycler jailed, fined for cash structuring Aug 18, 2014

    A recycler has been sentenced to six months in prison, fined $20,000 and ordered to forfeit $119,400 for structuring cash transactions.

  • Exide to lay off 64 workers at its Calif. facility Aug 16, 2014

    Exide Technologies Ltd. will lay off 64 employees at its Vernon, Calif., facility, including three salaried workers and 61 hourly employees who are members of United Steelworkers union Local No. 675, the company said Aug. 14.

  • Arca taps Eisenschenk to succeed Cameron Aug 15, 2014

    Appliance Recycling Centers of America Inc. (Arca) has named Mark Eisenschenk to take the company’s helm, replacing founder, president and chief executive officer Edward R. Cameron, who is retiring.

  • China a drag on US nonferrous scrap exports Aug 15, 2014

    Weaker demand from China for aluminum and copper scrap adversely impacted U.S. nonferrous scrap exports during the first half of the year.

  • Exit from stainless recycling helps ISA slash loss Aug 15, 2014

    Industrial Services of America Inc. (ISA) reduced its losses by nearly half in the second quarter despite revenue being driven lower by the company’s exodus from stainless steel recycling.

  • Japan’s scrap prices hearten market Aug 14, 2014

    A modest increase in the winning bid for a monthly tender of 20,000 tonnes of ferrous scrap out of Japan has triggered an air of optimism among suppliers in Asia.

  • Recycler seeks to open Ga. site Aug 14, 2014

    A metals recycler is looking to set up an operation in Winder, Ga.

  • Schnitzer targets auto parts growth Aug 14, 2014

    Schnitzer Steel Industries Inc. is "focusing a lot of growth" on its auto parts business amid "record levels" of car purchase volumes in its last fiscal quarter, president and chief executive officer Tamara Lundgren said Aug. 12.

  • Harsco to exit services pact at CMC's Ala. mill Aug 14, 2014

    Harsco Corp. is exiting a long-term mill services contract at a mill in Birmingham, Ala.

  • NY to Turkey scrap shipments top export routes Aug 13, 2014

    Multiple bulk ferrous scrap shipments from New York to Turkey in June made it the busiest U.S. export route for both heavy melt and shred, while Malaysia, Ecuador and Peru featured in the top five routes for shredded exports.

  • Newell, Blaze complete merger Aug 13, 2014

    Newell Recycling of Georgia LLC has completed its merger with Blaze Recycling & Metals LLC.

  • Metalico in black as nonferrous shipments grow Aug 13, 2014

    Metalico Inc. returned to profitability in the second quarter amid higher nonferrous shipments, rising metal margins and ongoing cost control efforts.

  • ‘Hot’ ferrous scrap frenzy draws industry’s ire Aug 12, 2014

    Market participants have slammed mainstream media frenzy over South Korea’s rejection of a small amount of ferrous scrap imported from Japan.

  • Ferrous scrap exports slide in first half of ’14 Aug 12, 2014

    U.S. ferrous scrap exports plunged 23.5 percent in the first half of the year compared with the same period in 2013 due to weaker demand from most major importing countries.

  • Stainless scrap prices slide further Aug 12, 2014

    Stainless scrap prices continued to fall this week despite relatively flat London Metal Exchange nickel prices, with market participants noting ample scrap flows and increasing concern regarding domestic mill demand.

  • Metals recycler gets OK on Minn. scrap site Aug 12, 2014

    The North Branch City Council in Minnesota has approved a conditional use permit for Ryan Skeie to set up a metals recycling operation in the city.

  • Uncertainty in Turkey as geopolitics roils marts Aug 11, 2014

    Uncertainty prevails in the Turkish steel and scrap markets as geopolitical events in the region could send prices for finished products and raw materials in any direction.

  • PSC Metals trims loss in qtr. despite sales fall Aug 11, 2014

    PSC Metals Inc. continued to narrow its losses despite lower revenues, a sign that the company’s exodus from underperforming contracts might be working.

  • Wis. auto recycler under scrutiny Aug 11, 2014

    A Wisconsin auto recycler is in jeopardy of losing its salvage dealer license following an investigation by the Wisconsin Department of Transportation’s Division of Motor Vehicles.

  • Indian ferrous scrap stalemate lingers Aug 08, 2014

    Indian ferrous scrap imports are likely to remain dismal until the end of August as buyers battle a weaker currency and finished product demand.

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