Scrap RSS

  • Ontario auto recycler fined following worker death Jul 25, 2014

    Plank Road Auto Wreckers Ltd. has been fined Canadian $60,000 ($55,900) by the Ontario Court of Justice following the death of a worker at the recycler’s facility in September 2012.

  • US ferrous scrap export prices to Asia slip Jul 24, 2014

    Bulk and containerized ferrous scrap export prices into most Asian markets fell this week as demand remained weak.

  • Japan alloy rush may boost US zorba Jul 24, 2014

    Domestic and export prices for zorba, a nonferrous auto shred comprised mostly of aluminum, could trek higher in August as Chinese smelters look to fill up inventories to cater to strong alloy demand from Japan, according to some market participants.

  • Fla. recycler claims lender forced bankruptcy Jul 24, 2014

    A Miami metals recycler claims it was wrongly pushed into bankruptcy by its lender.

  • Sims outlines five-year growth strategy Jul 23, 2014

    Sims 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.

  • Schnitzer unit files Rico suit vs. Calif. yard Jul 23, 2014

    A 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.

  • US ferrous scrap export prices to Turkey inch up Jul 23, 2014

    Prices for U.S. bulk ferrous scrap exports to Turkey inched slightly higher this week as mills continued to book cargoes.

  • Recleim eyes early ’15 SC recycling plant start Jul 23, 2014

    Recleim LLC is expected to open its $40.6-million appliance recycling operation in Graniteville, S.C., by the first quarter of next year.

  • Egyptian Steel seeks duties on Turkish rebar: chief exec Jul 23, 2014

    Egyptian 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.

  • Mart sees scrap prices holding steady in Aug. Jul 22, 2014

    Domestic ferrous scrap prices could trend sideways in August as early speculation points to a market that is in relative balance.

  • Increased shipments boost OmniSource’s 2d-qtr. results Jul 22, 2014

    OmniSource Corp. posted an all-around improvement in the second quarter, when 46 percent of its shipments went to Steel Dynamics Inc. (SDI) mills.

  • Nickel drives stainless scrap price fall Jul 22, 2014

    Stainless 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.

  • AL Solutions blast caused by combustible dust: CSB Jul 22, 2014

    An 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.

  • SDI’s net income surges to $72.3M in 2d qtr. Jul 22, 2014

    Steel Dynamics Inc.’s (SDI’s) profits skyrocketed in the second quarter, with the company remaining bullish for the second half of the year.

  • Scrap brokers split on Severstal NA sale impact Jul 21, 2014

    OAO 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.

  • West Coast bulk ferrous scrap prices slip Jul 21, 2014

    West 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.

  • MetalX hires Riddell in push to grow business Jul 21, 2014

    David Riddell has joined MetalX LLC’s management team as a senior marketing executive.

  • Former NM governor settles SEC fraud claims Jul 21, 2014

    Former 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.

  • Recycler alleges trademark infringement Jul 17, 2014

    A New York recycler is suing a competitor for allegedly infringing its trademark and making defamatory remarks about its practices.

  • Upstate to acquire Eastside Metals & Recycling Jul 17, 2014

    Upstate Shredding LLC-Ben Weitsman & Son Inc. is acquiring a metal recycler in Fort Ann, N.Y.

  • Ex-Harsco exec says US wrong country to try suit Jul 16, 2014

    A 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.

  • Metalico sees improved 2d qtr. Jul 16, 2014

    Metalico Inc. expects to report improved results and provide an update on business developments when it issues its second-quarter earnings report Aug. 13.

  • Commerce to name data chief Jul 16, 2014

    The 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.

  • Stainless steel scrap pricing trends sideways Jul 15, 2014

    Stainless 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.

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