Scrap RSS

  • 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.

  • Midwest scrap players awaiting market cues May 01, 2014

    Ferrous scrap trading in the Midwest has gotten off to a slower-than-normal start this month amid uncertainty on price direction, with participants looking for definitive cues from a market that recorded some mixed movements in early trading.

  • Poor demand sinks scrap export prices to Asia May 01, 2014

    Export prices for containerized ferrous scrap shipped to the Far East have softened amid an absence of demand.

  • Mo. auto shop banned from selling cars for scrap metal May 01, 2014

    A preliminary court order has been issued banning a Missouri auto shop from selling vehicles for scrap metal.

  • Copper scrap spreads hold firm as mart seeks direction May 01, 2014

    Spreads on copper scrap remained unchanged this week, with market participants adopting a wait-and-see approach in response to volatility in the terminal market.

  • Ill. recycler under EPA scrutiny said shuttered May 01, 2014

    A Chicago-area metals recycler facing scrutiny from the Illinois Environmental Protection Agency has apparently closed its doors.

  • Sims regional manager Michael Mazza departs May 01, 2014

    Michael Mazza, general manager of Sims Metal Management Ltd.’s Fairless business unit, has left the company, AMM has learned.

  • Deox prices dip in April, competition tightens Apr 30, 2014

    Prices for aluminum deoxidant, or deox, drifted slightly lower in April due to stronger steel mill demand and a tightening in market competition at the end of the month.

  • Sims names acting general manager for New England Apr 30, 2014

    Sims Metal Management Ltd. has named John Sartori acting general manager of its New England division after the sudden departure of the unit’s president.

  • Sims appoints former RIRM manager Apr 30, 2014

    The former manager of one of the original plaintiffs involved in a Racketeer Influenced and Corrupt Organizations (Rico) Act lawsuit against Sims Metal Management Ltd.’s New England division is now working for the company.

  • Pa. metals recycler is seeking to expand Apr 30, 2014

    A central Pennsylvania metals recycler is planning a large expansion now that it has outgrown its existing location.

  • Wisconsin scrap exec Peter Wallach dies Apr 30, 2014

    Peter Ben Wallach, president of Wausau Scrap & Recycling Corp., died April 25 at his home in Madison, Wis. He was 75.

  • Higher stainless steel scrap prices may not last Apr 29, 2014

    Rising London Metal Exchange nickel prices pushed stainless steel scrap prices higher this week, but the market has shown signs of cooling off, with sources telling AMM that major processors are fighting compressed margins by importing European material in a bid to drive down their buying prices.

  • Mill-grade aluminum scrap prices follow LME Apr 29, 2014

    Mill-grade aluminum scrap prices fell this week in step with a decline in primary aluminum pricing on the London Metal Exchange.

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