Scrap RSS

  • Exporters, India mills struggle on scrap prices Oct 18, 2013

    Indian steel mills continue to resist high offer prices for containerized scrap, and the resulting impasse has affected traded volumes.

  • Secondary aluminum alloy prices hold steady Oct 18, 2013

    Secondary aluminum alloy prices remained steady Oct. 17, despite rumors that demand had slowed over the past two weeks.

  • Kansas City alters recycling laws for vehicles, HVAC buys Oct 18, 2013

    The city of Kansas City, Mo., has passed an ordinance that will require secondary metals recyclers to hold on to junked motor vehicles and their parts for 72 hours before altering or selling the material for scrap.

  • Former Alter Trading chief Charles Smith dies Oct 18, 2013

    Charles A. Smith Jr., former president and chief executive officer of scrap metals recycler Alter Trading Corp., died Oct. 11. He was 88.

  • Copper scrap discounts flat, volatility expected Oct 17, 2013

    Discounts for copper scrap grades were unchanged this week, but market participants said that most buyers and sellers are anticipating price volatility as the government emerges from a two-week shutdown.

  • Sims to finish expansion, lower expenditures Oct 17, 2013

    Sims Metal Management Ltd. expects to complete its expansion in New England by year-end.

  • Twitch prices could weaken, sellers say Oct 17, 2013

    Prices for high-grade twitch, or shredded nonferrous automotive scrap, could be set to edge lower as several major consumers appear to be “backing away from buying” and are “paring down on inventory,” sellers said.

  • No near-term downside for scrap: OmniSource Oct 17, 2013

    Scrap prices don’t appear to be showing any sign of retreat ahead, according to OmniSource Corp. president and chief operating officer Russ Rinn.

  • Steel market shows stability in Fed’s summary Oct 17, 2013

    Eight of 12 federal reserve bank districts reported economic growth during an eight-week period through early October, with some cautious optimism evident in modestly higher business spending and hiring, according to the Federal Reserve’s latest economic conditions report.

  • Pritzker closes $1B deal for TMS Oct 17, 2013

    The Pritzker Organization has completed its $1-billion all-cash deal for TMS International Corp., whose subsidiaries include mill services provider Tube City IMS Corp.

  • Steel Dynamics net earnings climb in 3d qtr. Oct 17, 2013

    Steel Dynamics Inc. (SDI) reported significant year-to-year gains in net income in the third quarter with improved sheet steel margins and overall shipment volumes boosting the company’s results.

  • Recleim on target to open SC facility next year Oct 16, 2013

    Recleim LLC is on track to open its appliance and electronics recycling facility in Graniteville, S.C., next year.

  • W. Coast container scrap export prices up Oct 16, 2013

    An apparent tightness in ferrous scrap supply in Japan, South Korea and Taiwan and on the U.S. West Coast has triggered a rebound in containerized scrap export prices.

  • China expands ‘Green Fence’ initiative Oct 16, 2013

    China’s General Administration of Customs has officially announced the continuation of initiatives designed to reduce imports of hazardous materials, according to the China Entry-Exit Inspection and Quarantine Association Reused and Recycling Branch (CIQAR).

  • Pennsylvania scrap dealer pleads guilty in nickel probe Oct 16, 2013

    The owner of a Pittsburgh scrap metal operation has pleaded guilty in U.S. District Court in Maryland to charges of obstructing justice for allegedly lying to federal agents during a grand jury investigation of a nickel heist.

  • Brazil’s ferrous scrap, slab exports rise as billet falls Oct 16, 2013

    Brazil’s ferrous scrap exports surged 43.3 percent year on year in September, mainly due to increased buying activity from Asia.

  • TMR facility back online after scrap fire Oct 15, 2013

    A south Florida scrapyard of Trademark Metals Recycling LLC (TMR) is back up and running after a fire impacted operations Oct. 14.

  • Zorba export prices steady Oct 15, 2013

    U.S. export prices for zorba, a nonferrous auto shred, have held steady over the past week as renewed interest from domestic consumers and continued demand from China quelled price volatility, sellers said.

  • Stainless steel scrap prices rise Oct 15, 2013

    Stainless scrap broker/processor buying prices experienced a slight uptick alongside marginally higher nickel tags, but dealers and traders noted a quiet market with limited activity.

  • US bulk export prices rise, seen strengthening Oct 14, 2013

    U.S. bulk ferrous scrap export prices gained some ground last week, with sales from the West Coast and recent Turkish bids for East Coast scrap pointing to a stronger market.

  • Claymont mill closure said likely to boost scrap Oct 14, 2013

    Scrap metal suppliers to Evraz Inc. North America’s Claymont, Del., plant are bracing for the impact of the mill’s idling, with the move likely to boost scrap supply in the area.

  • Sadoff briquetting facility damaged in fire Oct 14, 2013

    An Oct. 10 fire at Sadoff Iron & Metal Co.’s headquarters in Fond du Lac, Wis., caused significant damage to a briquetting facility, a company executive said, adding that no other buildings were impacted by the fire.

  • Scrap futures quiet as market prices flat Oct 14, 2013

    The scrap futures market remains in hibernation, with no trades made for a second consecutive month.

  • Japanese scrap prices still following fall in export mart Oct 14, 2013

    Japan’s domestic scrap prices have followed the decline in export prices, reinforcing the feeling that recent increases have become unsustainable.

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