Scrap RSS

  • Accredited e-cycling program targeted Nov 10, 2008

    Hot on the heels of a CBS Television documentary that blasted domestic electronics scrap recyclers for exporting hazardous waste to developing countries such as China, two groups have joined forces in an attempt to promote responsible handling of defunct electronic equipment.

  • Novelis quarterly loss widens to $103M Nov 10, 2008

    Novelis Inc., unable to keep pace with energy and other input costs, fell deeper into the red in its fiscal second quarter.

  • Metalico pegs work force cuts at 110 since July Nov 10, 2008

    Metalico Inc., Cranford, N.J., estimates it has cut its work force by 110 employees since July, or a little more than 15 percent of the 725 workers employed by the company at that time, it told AMM.

  • Novelis’ loss widens to $103M in 2d qtr. Nov 10, 2008

    Novelis Inc.’s loss widened to $103 million during the fiscal second quarter ended Sept. 30 from a loss of $19 million in the year-earlier quarter, on sales that rose 4.9 percent to $2.96 billion from $2.82 billion.

  • US copper scrap prices slide, little let-up is seen Nov 07, 2008

    Copper scrap prices eroded further this week as Chinese buyers continue to renege on contracts and the U.S. domestic slowdown shows few signs of abating, market sources said.

  • Joseph opens Hong Kong office Nov 07, 2008

    David J. Joseph Co. has opened an international scrap metals trading office in Hong Kong.

  • Alexin’s billet casting site begins operation Nov 07, 2008

    Alexin LLC’s $58-million aluminum billet casting facility in Bluffton, Ind., began commercial operations during the first week of November, the company said.

  • Metalico shifting to direct converter buys; net rises Nov 07, 2008

    Metalico Inc., Cranford, N.J., is shifting toward direct buying of discarded catalytic converters as it upgrades a business segment that subtracted $8.3 million from bottom-line earnings in the third quarter.

  • Horsehead’s net down as zinc tags fall Nov 07, 2008

    A steep slide in zinc prices and weaker metal sales reined in third-quarter revenue and earnings for Horsehead Holding Corp., the parent company of Horsehead Corp.

  • BIR complains to EU over cancellations Nov 07, 2008

    The tension over cancellations of scrap contracts intensified Friday, as the Bureau for International Recycling (BIR) sent a formal letter to European authorities expressing “serious concern” over buyers backing out of deals.

  • Metalico shifting to direct converter buys; net rises Nov 07, 2008

    Metalico Inc., Cranford, N.J., is shifting toward direct buying of discarded catalytic converters as it upgrades a business segment that subtracted $8.3 million from bottom-line earnings in the third quarter.

  • Horsehead’s net down as zinc tags fall Nov 07, 2008

    A steep slide in zinc prices and weaker metal sales reined in third-quarter revenue and earnings for Horsehead Holding Corp., the parent company of Horsehead Corp.

  • Alexin’s billet casting site begins operation Nov 07, 2008

    Alexin LLC’s $58-million aluminum billet casting facility in Bluffton, Ind., began commercial operations during the first week of November, the company said.

  • David J. Joseph opens Hong Kong office Nov 07, 2008

    David J. Joseph Co. has opened an international scrap metals trading office in Hong Kong.

  • Wrecked aircraft values nosedive Nov 07, 2008

    The scrap value of wrecked military aircraft auctioned in Florida fell to 22 cents from over 40 cents earlier this year.

  • PSC Metals’ earnings, sales surge in 3d qtr., 9 months Nov 06, 2008

    PSC Metals Inc. posted third-quarter net income of $19.7 million, nearly double earnings of $10.1 million in the same period last year, on sales that doubled to $406.6 million from $199.6 million.

  • Tokyo Steel slashing ferrous scrap prices Nov 06, 2008

    Tokyo Steel Manufacturing Co. Ltd., Japan’s biggest electric-arc furnace operator, said it is cutting ferrous scrap purchase prices further and halting steel exports to Asia amid the worsening economic crisis.

  • PSC Metals’ earnings, sales surge in 3d qtr., 9 months Nov 06, 2008

    PSC Metals Inc. posted third-quarter net income of $19.7 million, nearly double earnings of $10.1 million in the same period last year, on sales that doubled to $406.6 million from $199.6 million.

  • China buys lift zinc exports in August Nov 06, 2008

    Asian demand for zinc scrap was mixed in August, with China’s take of the galvanizing scrap rising 18.5 percent during the month, while other users in the region trimmed their buys.

  • China buys lift zinc exports in August Nov 06, 2008

    Asian demand for zinc scrap was mixed in August, with China’s take of the galvanizing scrap rising 18.5 percent during the month, while other users in the region trimmed their buys.

  • Arkansas Aluminum shutters output, cancels merger with Spectro Alloys Nov 06, 2008

    Arkansas Aluminum Alloys Inc. is shutting down production and canceling a planned merger with fellow secondary aluminum producer Spectro Alloys Corp.

  • A380.1 prices slip; scrap gap vs. ingot narrows slightly Nov 05, 2008

    Secondary aluminum alloy prices slipped another 3 or 4 cents a pound, depending on grade, in the past week. What had been a recently widening gap between scrap and ingot seems to have reversed slightly.

  • A380.1 prices slip again; scrap gap vs. ingot narrows slightly Nov 05, 2008

    Secondary aluminum alloy prices slipped another 3 or 4 cents a pound, depending on grade, in the past week. What had been a recently widening gap between scrap and ingot seems to have reversed slightly.

  • Temporary worker injured in blast at Yaffe shredder site Nov 05, 2008

    A worker from a temporary staffing agency was critically injured in an Oklahoma scrapyard explosion, a local newspaper reported Wednesday.

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