Scrap

  • Aluminum cast, sheet tags firm on Asia interest Nov 24, 2008

    Asian buyers of U.S. aluminum scrap are showing renewed interest, but not enough to push prices above current levels.

  • Turkey’s shredded buys fail to offset Asian dive Nov 24, 2008

    U.S. shipments of shredded scrap to foreign steelmakers and foundries plunged 37.5 percent in September despite a spike in the tonnage delivered to Turkey, the leading offshore destination for U.S. ferrous scrap exporters.

  • Turkey’s shredded buys fail to offset Asian dive Nov 24, 2008

    U.S. shipments of shredded scrap to foreign steelmakers and foundries plunged 37.5 percent in September despite a spike in the tonnage delivered to Turkey, the leading offshore destination for U.S. ferrous scrap exporters.

  • New rules bar mounding of scrap in rail shipments Nov 24, 2008

    New rules adopted by the Association of American Railroads (AAR) prohibit scrap metal shippers from piling loose scrap in mounds above the top of any gondola car, according to the Institute of Scrap Recycling Industries (ISRI).

  • Copper scrap buys at a standstill; January pickup is eyed Nov 21, 2008

    The copper scrap market is living almost entirely hand-to-mouth as depressed pricing and non-existent demand have brought the market to a grinding halt, market sources said.

  • Non-metal recycling on Sims’ radar Nov 21, 2008

    Sims Metal Management Ltd. expects to post fiscal second-half net income in a range of Australian $120 million to $140 million ($74 million to $87 million), up from A$102.2 million in the same period a year earlier.

  • Aluminum borings, turnings value off 82% Nov 21, 2008

    Aluminum borings and turnings fetched 9 cents a pound in a year-ahead military auction Thursday, down 82 percent from 50 cents a pound in a similar auction in October 2007.

  • Memphis tag-and-hold law ‘looking to shut down yards’ Nov 21, 2008

    Lawyers for Tennessee recyclers have urged an appeals court to look closely at a recent filing by theft victims as unintended evidence that a Memphis tag-and-hold ordinance aims “to put scrap metal recyclers in Memphis out of business altogether.”

  • Memphis tag-and-hold law ‘looking to shut down yards’ Nov 21, 2008

    Lawyers for Tennessee recyclers have urged an appeals court to look closely at a recent filing by theft victims as unintended evidence that a Memphis tag-and-hold ordinance aims “to put scrap metal recyclers in Memphis out of business altogether.”

  • Aluminum borings, turnings value slides 82% in auction (UPDATE) Nov 21, 2008

    Aluminum borings and turnings fetched 9 cents a pound in a year-ahead military auction Thursday, down 82 percent from 50 cents a pound in a similar auction in October 2007.

  • Aluminum borings, turnings value slides 82% in auction Nov 21, 2008

    Aluminum borings and turnings fetched 9 cents a pound in a year-ahead military auction Thursday, down 82 percent from 50 cents a pound in a similar auction in October 2007.

  • Non-metal recycling growth on Sims’ radar Nov 21, 2008

    Sims Metal Management Ltd. expects to post fiscal second-half net income in a range of Australian $120 million to $140 million ($74 million to $87 million), up from A$102.2 million in the same period a year earlier.

  • Secondary aluminum alloys notice Nov 20, 2008

    AMM plans to cease publication of its indicators for secondary aluminum alloys B380, 384.1, 443.1, 332.1 and B390.1 effective Dec. 8, 2008.

  • Aluminum market outlook deteriorates on auto gloom Nov 20, 2008

    The mood in the global secondary aluminum market is deteriorating as the industry assesses the damage of plunging orders from the automotive sector.

  • Lead, UBCs defy nonferrous export fall Nov 20, 2008

    Nonferrous scrap exports from the United States sagged further in September, falling nearly 16 percent by quantity and 15 percent by value compared with month-earlier levels.

  • Lead, UBCs defy nonferrous export fall Nov 20, 2008

    Nonferrous scrap exports from the United States sagged further in September, falling nearly 16 percent by quantity and 15 percent by value compared with month-earlier levels.

  • Yaffe Iron scrapyard worker dies Nov 19, 2008

    A worker injured Nov. 3, when a supposedly inert ammunition shell exploded in an Oklahoma scrapyard, died on Tuesday.

  • Ingot price lull triggers shift in hedge transactions on LME Nov 19, 2008

    With secondary aluminum ingot sales at a low ebb, some sellers are altering hedge transactions on the London Metal Exchange into delivery opportunities.

  • Speculation feeds ferrous scrap gains Nov 19, 2008

    European ferrous scrap prices have moved higher in the past two weeks, but the upshift has been sparked by speculation rather than any sustained increase in export demand, according to market sources.

  • Ingot price lull triggers shift in hedge transactions on LME Nov 19, 2008

    With secondary aluminum ingot sales at a low ebb, some sellers are altering hedge transactions on the London Metal Exchange into delivery opportunities.

  • Wise tight-lipped on late earnings report Nov 19, 2008

    Offering a tantalizing hint but no details, Wise Metals Group LLC has told regulators that a financial report is overdue on account of “other corporate activities including acquisition- and financing-related activities.”

  • Yaffe Iron scrapyard worker dies Nov 19, 2008

    A worker injured Nov. 3, when a supposedly inert ammunition shell exploded in an Oklahoma scrapyard, died on Tuesday.

  • Wise tight-lipped on late earnings report Nov 19, 2008

    Offering a tantalizing hint but no details, Wise Metals Group LLC has told regulators that a financial report is overdue on account of “other corporate activities including acquisition- and financing-related activities.”

  • LME’s Nasaac holdings grow by $4.7M Nov 19, 2008

    About $4.7 million worth of A380.1 aluminum alloy, warranted for settling London Metal Exchange transactions, arrived into U.S. warehouses between late Friday and late Tuesday.

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