Scrap RSS

  • 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.

  • Lincoln Recycling sued for alleged stolen scrap buys Jun 10, 2014

    Erie Specialty Products Inc. has filed a civil lawsuit against Lincoln Recycling Inc. for allegedly accepting stolen scrap brass parts.

  • Late trades help buoy Midwest scrap prices Jun 10, 2014

    Shredded scrap prices in the Midwest posted a modest recovery in late trading as demand stayed strong for June’s weakest scrap grade.

  • Stainless scrap slides amid LME nickel volatility Jun 10, 2014

    Stainless scrap prices slipped this week due to lower nickel tags on the London Metal Exchange, although industry participants noted a calmer market after wild swings on the exchange in recent weeks.

  • BlueOak’s e-waste plant to begin output in ’15 Jun 10, 2014

    BlueOak Resources Inc. expects to begin production at its $35-million electronics-waste recycling facility in Osceola, Ark., by the end of 2015, with an initial processing capacity of 15 million pounds annually.

  • Ark. e-waste plant due to break ground Jun 09, 2014

    BlueOak Resources Inc. plans to hold a groundbreaking ceremony June 10 for a $35-million electronics-waste recycling facility in Osceola, Ark., according to a company executive.

  • India shredded scrap prices slip as demand falls Jun 09, 2014

    Prices for containerized shredded scrap exported to India softened over the past week amid fading demand.

  • Effort to lift beam tags defused by shred’s fall Jun 09, 2014

    Softening scrap tags are defusing any effort to raise beam prices, despite what appears to be improving activity in nonresidential construction, according to most buyer sources.

  • Global scrap use up 1.8%, US flat in '13: BIR Jun 09, 2014

    Global steel scrap usage increased 1.8 percent in 2013, according to a report from the Bureau of International Recycling (BIR).

  • Metalico exiting Cleveland joint venture Jun 09, 2014

    Metalico Inc. will exit its joint venture in Cleveland, the company said.

  • West Coast bulk, container scrap prices climb Jun 06, 2014

    West Coast bulk scrap exports have reportedly logged their largest sales week of 2014 with at least six cargo sales reported in the span of three days amid rising prices.

  • Late trading firms up prices for shredded scrap Jun 06, 2014

    Ferrous scrap prices into some Midwest areas firmed on late-week trading after a few mills continued to seek June’s most valuable grade: shredded scrap.

  • Sims exec leaving; confirms Kelman move Jun 06, 2014

    Sims Metal Management Ltd. is making more changes to its executive team as part of a strategic review of its operations, the company said June 5.

  • Fee-supported metal theft bill advances in Calif. Jun 06, 2014

    Proposed legislation in California that would tack a 1-percent fee on recycling transactions to support a "metal theft task force" was overwhelmingly approved by the state assembly.

  • Shredded scrap prices offer mills best values Jun 05, 2014

    Price differentials between heavy melt, plate and structural, and shredded scrap are poised to break free from historical spreads based on recovery values as another month of weaker shredded scrap prices has brought cut grades near—or on par with—shred in several regions.

  • Volatility slims copper scrap discounts Jun 05, 2014

    Volatility in terminal markets lowered discounts on copper scrap this week as market participants sought direction and monitored the developments in China’s eastern province of Qingdao, where authorities stalled shipments as they investigate potentially fraudulent warehouse receipts used to raise financing.

  • Brokers get prison terms for theft, fraud Jun 05, 2014

    A pair of California metal brokers have been sentenced to more than two years in prison after being convicted of bilking West Coast and Chinese investors out of $125,000 in the hope of acquiring scrap from an amusement park ravaged by Hurricane Katrina.

  • Metalico to divest non-core assets to slim debt Jun 04, 2014

    Metalico Inc. plans to put some of its non-core assets on the selling block to strengthen its balance sheet.

  • Shredded scrap prices fall in early June trades Jun 04, 2014

    Shredded scrap prices have lost the most ground in early trading for June while prime grades have emerged the strongest, in line with pre-trading speculation.

  • Calif. shredders seek compromise on scrap bill Jun 04, 2014

    The West Coast chapter of the Institute of Scrap Recycling Industries (ISRI) is working with California legislators in hopes of reaching a compromise on a bill that would impact the state’s seven auto shredding facilities.

  • PSC Metals reopens Ga. yard, more said near Jun 04, 2014

    PSC Metals Inc. is laying plans to reopen several facilities after restarting a shuttered scrapyard in Georgia.

  • Coady opens scrap brokerage Jun 04, 2014

    Industry veteran Doug Coady has left Aurora, Ohio-based Scrap Dynamics Corp. to open his own scrap metal brokerage firm, he told AMM.

  • Eagle Scrap Metal seeking permit for 2d Calif. site Jun 04, 2014

    Eagle Scrap Metal is looking to open a second location in California.

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