Scrap

  • JCI expects higher sales and margins in 2013 Dec 20, 2012

    Johnson Controls Inc. (JCI) expects higher sales and margins next year, including in its lead recycling and battery manufacturing division, on “slightly higher 2013 automotive production in North America.”

  • Midwest Scrap given approval for Kansas yard Dec 20, 2012

    Midwest Scrap Management Inc. has been issued the necessary approval in Wichita, Kan., to build a scrapyard at a site where it has sought to install a new auto shredder since 2010.

  • Difficult year for China’s ferrous scrap trade Dec 20, 2012

    Ferrous scrap trade proved to be challenging this year in China as prices remained under pressure, having fallen for almost three quarters of the year.

  • Bulk scrap sale to Turkey clarifies little Dec 19, 2012

    A fresh U.S. bulk ferrous scrap sale to Turkey has left the market uncertain about future pricing trends as the sale was concluded at the same level as last week.

  • Spent lead battery prices steady Dec 19, 2012

    Scrap lead battery tags were stable this week amid steady demand and supply, although further price drops could force more units into the export market, traders said.

  • Sims’ fiscal 1st-half earnings view dims Dec 19, 2012

    Sims Metal Management Ltd. (SimsMM) has revised its earnings forecast for the first half of its fiscal year, indicating a further decline.

  • ARA opens Wash. satellite office Dec 19, 2012

    The Automotive Recyclers Association (ARA) has set up a satellite office in Washington to enable its staff to continue its advocacy efforts in between meetings in the nation’s capital.

  • Turkey sinks Oct. exports; shred hit hardest Dec 18, 2012

    Weak Turkish interest sent U.S. ferrous scrap exports significantly lower for the second consecutive month in October.

  • Pricing trends for aluminum scrap mixed Dec 18, 2012

    Free-market aluminum scrap prices saw mixed trends Monday, with spotty demand pushing some grades down while other grades rose as some consumers sought to beat the holiday slowdown.

  • Metalico steps up recycling to secure feedstock Dec 18, 2012

    Metalico Inc. has stepped up its scrap metals recycling presence in the markets it serves via a new venture in northeastern Ohio and an acquisition in the Greater Rochester area.

  • SDI expects level earnings in 4th quarter Dec 18, 2012

    Steel Dynamics Inc. (SDI) expects its fourth-quarter earnings to be similar to results reported for the previous three months and year-ago quarter due to relatively flat shipment levels.

  • San Francisco targets scrap thefts with new permit rules Dec 18, 2012

    San Francisco metal recyclers are bracing for more paperwork and stepped-up background checks now that the local Board of Supervisors has preliminarily approved amendments to its junk dealer permit process.

  • Yard workers not hurt after contaminated scrap buy Dec 18, 2012

    Two workers at Alderman-Dow Iron & Metal Co. Inc. were unharmed after being exposed to a contaminated load of metal sold by metals thieves to the scrapyard.

  • Most metals see PPI fall in Nov. vs. Oct. Dec 18, 2012

    Most metals products saw their producer price indices (PPI) move lower in November compared with October and a year earlier, although iron and steel scrap bucked the monthly trend, according to the latest report from the Bureau of Labor Statistics.

  • Correction: Aleris to close Bens Run by March Dec 18, 2012

    Due to a reporting error, a story in the Dec. 18 edition incorrectly stated the production capacity of Aleris International Inc.’s Bens Run aluminum recycling plant in Friendly, W.Va. The facility is estimated to have a monthly production capacity of 8 million pounds.

  • E. Coast Export Index firms on Turkish spree Dec 17, 2012

    U.S. East Coast ferrous scrap export prices strengthened this past week as Turkish mills returned to the market to secure tons for December and early January.

  • Aleris to close Bens Run by March Dec 17, 2012

    Aleris International Inc. will close its Bens Run aluminum recycling plant in Friendly, W.Va., by March 1, saying that despite its best efforts, "the facility is not meeting our business goals."

  • Maine auto recycler agrees to pay environmental fine Dec 17, 2012

    Freeport Auto Parts has agreed to pay a fine to the Maine Department of Environmental Protection to resolve alleged environmental problems.

  • Ohio automotive salvage bill stalls Dec 17, 2012

    Ohio auto recyclers are breathing a sigh a relief after lawmakers adjourned without taking action on a bill that would open the state’s auto salvage market to individuals and out-of-state buyers.

  • Bulk ferrous scrap export prices to Turkey spike Dec 14, 2012

    U.S. East Coast bulk scrap prices to Turkey rose for the second consecutive day Friday after fresh sales were concluded at some $7 per tonne above Thursday’s levels.

  • W. Coast bulk exports surge on softer prices Dec 14, 2012

    West Coast bulk ferrous scrap export prices shed a few dollars this past week after exporters concluded several deals with Asian mills.

  • Mill-grade aluminum scrap prices ease Dec 14, 2012

    Free-market mill-grade aluminum scrap prices eased slightly Thursday, with several major consumers reportedly sitting out the market for the rest of 2012.

  • Freight rates to force scrap offshore Dec 14, 2012

    Nonferrous scrap metals recyclers are bracing for even higher trucking freight rates in 2013, with one California-based recycler predicting that it will force more scrap from his state into the export market.

  • Bulk scrap export prices to Turkey said firming Dec 13, 2012

    U.S. bulk export tags to Turkey gained momentum this week after East Coast exporters concluded new sales at slightly higher price levels.

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