Scrap RSS

  • Mills give lift to deox prices Rochester Nov 29, 2010

    Aluminum deox prices rose this month and are expected to continue climbing into next year due to surprisingly strong demand from steel mills, Rochester Aluminum Smelting's president Jerry Golden said.

  • Mesabi Nugget repairs complete Nov 29, 2010

    Steel Dynamics Inc.’s Mesabi Nugget plant was expected to start rolling out iron units again after the facility was taken down for a two-week maintenance outage.

  • Global upgrading two managed sites Nov 29, 2010

    North Carolina recycler Global Recycling Inc. plans to upgrade the Chicago and Indianapolis facilities it manages for foreign investors.

  • Global Recycling to upgrade two managed sites Nov 29, 2010

    North Carolina recycler Global Recycling Inc. plans to upgrade the Chicago and Indianapolis facilities it manages for foreign investors.

  • United Metals given nod to open 4th recycling site Nov 29, 2010

    United Metals LLC has cleared a major hurdle in its efforts to open a fourth recycling facility in January.

  • Integra sued for alleged missed payments Nov 29, 2010

    East Coast scrap trader Integra Metals LLC is being sued by New Jersey supplier Fortune Riverside Auto Parts Inc., which claims the trader failed to pay for three shipments.

  • United Metals gets nod to open fourth site Nov 29, 2010

    United Metals LLC has cleared a major hurdle in its efforts to open a fourth recycling facility in January.

  • New York scrap exporter in suit over missing payments Nov 29, 2010

    An East Coast scrap trader is being sued by a New Jersey supplier who claims the trader failed to pay for three shipments.

  • Alloy makers fight to hold line on tags Nov 24, 2010

    Secondary aluminum alloy producers held prices fairly steady this past week with after small declines in scrap prices and with primary prices staying volatile.

  • Alloy makers fight to hold line on prices Nov 24, 2010

    Secondary aluminum alloy producers held prices fairly steady this past week with after small declines in scrap prices and with primary prices staying volatile.

  • Salvage scrapyard accused of violating clean water law Nov 24, 2010

    Salvage yard Kirksville Recycling, formerly Recycle-It, Kirksville, Mo., is facing potential charges of violating of the state’s Clean Water Law after failing four inspections since August 2008, the Missouri Department of Natural Resources (DNR) said. While conducting on-site reviews, DNR staff claim they noticed exposed oil-laden parts and oil stain and battery casings leaking onto the ground, along with unmarked and unsealed drums and buckets filled with waste vehicle fluids. The DNR, which also accuses the recycler of failing to submit a stormwater pollution prevention plan, has referred the case to the state attorney general’s office. The recycler could not be reached for comment.

  • Arrow buys electronics recycler Nov 24, 2010

    Arrow Electronics Inc. has signed a deal to acquire electronics recycler Intechra LLC of Jackson, Miss. The terms of the sale were not disclosed, and the deal is expected to close by year-end. Intechra has 300 employees and posted $75 million in sales for 2009. “Intechra serves as a continuation of our strategy to provide comprehensive services across the entire product lifecycle for our suppliers and customers,” Michael J. Long, chairman, president and chief executive officer of Melville, N.Y.-based Arrow, said.

  • Indian ferrous scrap import prices soften Nov 24, 2010

    Indian ferrous scrap import prices have fallen in line with lower steel tags and reduced demand, market sources said. Small volumes of containerized shredded fetched $410 to $415 per tonne delivered to the Indian port of Nhava Sheva this past week, down from $415 to $420 a week earlier. An 80-20 mix of No. 1 and No. 2 heavy melting scrap was at $395 to $400 per tonne, down from $395 to $405 in the same comparison. With 150,000 tonnes of unsold scrap en route to Chennai, South India, in bulk vessels, Indian buyers don’t want to pay current international prices, one trader said. “They are waiting for the vessels to arrive,” he said. “The Indian market seems to be softening a bit,” a second trader agreed. But limited supply means buyers might soon have to pay more to secure cargoes. “EU suppliers do not have enough feedstock for sales on hand,” the second trader said. U.S. offers for December-delivery shredded scrap have reached $430 per tonne delivered to Nhava Sheva, traders said.

  • LME delists Aleris Wabash T over withering alloy stocks Nov 24, 2010

    The London Metal Exchange delisted Aleris’ Wabash T aluminum alloy brand Nov. 18 after stocks of the brand in LME warehouses were depleted.

  • Salvage yard accused of violating clean water law Nov 24, 2010

    Salvage yard Kirksville Recycling, formerly Recycle-It, Kirksville, Mo., is facing potential charges of violating of the state’s Clean Water Law after failing four inspections since August 2008.

  • Arrow buys electronics recycler Nov 24, 2010

    Arrow Electronics Inc. has signed a deal to acquire electronics recycler Intechra LLC of Jackson, Miss.

  • Icahn’s buy of CMC stake seen linked with PSC plan Nov 23, 2010

    Carl Icahn’s latest foray into the scrap market via the purchase of an estimated $30-million stake in Commercial Metals Co. (CMC) has sparked speculation about the the wealthy investor’s strategy—known for buying undervalued assets.

  • Icahn’s buy of CMC stake seen linked with plan for PSC Metals Nov 23, 2010

    Carl Icahn’s latest foray into the scrap market via the purchase of an estimated $30-million stake in Commercial Metals Co. (CMC) has sparked speculation about the the wealthy investor’s strategy—known for buying undervalued assets.

  • China’s CMR in 5M-tonne scrap venture Nov 23, 2010

    China Metal Recycling (Holdings) Ltd. (CMR) will set up a 5-million-tonne-per-year scrap metal recycling base in the northern port city of Tianjin in conjunction with Tianjin Pipe (Group) Corp. and 11 other scrap suppliers.

  • Aluminum smelter scrap prices see drop Nov 23, 2010

    Aluminum smelter scrap prices dropped a penny across the board this week, as traded volumes recorded a seasonal drop just before Thanksgiving.

  • Reputed mobster guilty in scrap dealer’s shakedown Nov 23, 2010

    A suspected mafia enforcer who traveled cross-country to beat a scrap dealer and force him to write more than $250,000 in checks has been convicted of interstate robbery, federal authorities said.

  • Reputed mobster convicted in scrap dealer’s shakedown Nov 23, 2010

    A suspected mafia enforcer who traveled cross-country to beat a scrap dealer and force him to write more than $250,000 in checks has been convicted of interstate robbery, federal authorities said.

  • Chinese fearful of scrap mergers, others skeptical Nov 22, 2010

    Chinese scrap buyers claim they are being disadvantaged by consolidation in the industry, particularly in the United States.

  • Probe finds e-waste hazards in prisons Nov 22, 2010

    An investigation of Federal Prison Industries Inc.’s electronic waste recycling program has uncovered numerous health concerns, as well as safety, environmental compliance and theft issues involving inmates who disassemble electronics to recover the metals.

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