Scrap RSS

  • Advantage Metals opens Kan. site Nov 04, 2013

    Advantage Metals Recycling LLC (AMR), a subsidiary of David J. Joseph Co., has opened a facility in Lawrence, Kan., that will serve as feedstock for its Kansas City, Mo., auto shredder.

  • Aluminum deox prices fall sharply in Oct. Nov 04, 2013

    Prices for deoxidized aluminum, a key component in steelmaking, declined significantly in October as heavy competition among producers coupled with limited demand weakened the market.

  • Cooter targets spring '14 for expansion in Neb. Nov 04, 2013

    The city council in Omaha, Neb., will hold a public hearing Nov. 5 to decide whether to issue Cooter Enterprises a special-use permit allowing it to conduct scrap and salvage services on a parcel across the street from its existing location.

  • Europe allocates $12.6M for three recycling projects Nov 04, 2013

    The European Commission has earmarked €9.37 million ($12.6 million) in funding for three major research projects to help increase innovation in recycling nonferrous metals.

  • Ga. recycler to open 2d facility Nov 04, 2013

    The Macon-Bibb County Planning and Zoning Commission has approved a conditional use permit for Peacock’s Auto Salvage Inc. to set up an operation on a 20-acre parcel in Macon, Ga.

  • Japan’s Tokyo Steel boosts scrap buying prices again Nov 04, 2013

    Tokyo Steel Manufacturing Co. Ltd. has increased scrap buying prices for five of its production units by ¥500 ($5.06) per tonne as domestic prices for the raw material continue to strengthen.

  • Turkey said to remain major US scrap importer Nov 01, 2013

    Domestic exporters can rest assured that the United States will remain the world’s shopping mall for scrap metal through the end of this decade, according to attendees at AMM’s steel scrap conference in Chicago.

  • Stalemate on India imports of scrap continues Nov 01, 2013

    India’s imports of U.S. and European heavy melt and shredded scrap have almost completely stopped as an impasse between bid and offer prices continues.

  • Alter cuts staff at Miller Compressing Nov 01, 2013

    Alter Trading Corp. has laid off up to 40 employees at a Milwaukee facility it acquired last year.

  • Alliance Steel buys EOS Metals Nov 01, 2013

    Alliance Steel Service Co. has acquired EOS Metals Inc. from Los Angeles scrap recycler Jack Engle & Co.

  • Auto shredder market down but execs upbeat Oct 31, 2013

    U.S. auto shredders continue to wrestle with falling profits due to undisciplined buying practices, the willingness to pay top dollar for subpar material and a struggling construction sector, but the trend will eventually reverse itself, according to attendees at AMM’s Steel Scrap Conference in Chicago.

  • UK bracing for tough aluminum scrap market in 2014 Oct 31, 2013

    U.K. secondary aluminum producers are preparing for a difficult scrap market in 2014, with tightness expected across international markets and no expectations of lower prices to come.

  • China’s scrap independence to impact US market: execs Oct 30, 2013

    China’s potential transformation into a net exporter of scrap in less than a decade could impact metal recyclers, industry veterans said at AMM’s Steel Scrap Conference in Chicago.

  • Industry veteran sees tough times for scrap Oct 30, 2013

    The scrap metal industry has changed dramatically and players need to realize that today’s conditions are here to stay, a 50-year industry veteran sized up the competitive landscape for recyclers.

  • Scrap prices poised for Nov. gains: Sims Oct 30, 2013

    U.S. trade opinion expects November ferrous scrap prices to increase significantly, especially for prime grades, according to Sims Metal Management Ltd. vice president Blake Kelley.

  • Overcapacity and China drag on scrap: Sims Oct 30, 2013

    The U.S. scrap market can expect headwinds for possibly two years before the sector returns to more prosperous times, according to a Sims Metal Management Ltd. executive.

  • Scepter acquires secondary aluminum facility in Hungary Oct 30, 2013

    Scepter Inc. is expanding overseas, having acquired a secondary aluminum plant in Tatabanya, Hungary.

  • Sadoff opens new 13-acre site in Nebraska Oct 30, 2013

    Sadoff Iron & Metal Co. believes “the growth opportunities are substantial” for its newly opened, 13-acre recycling facility in Lincoln, Neb., chief executive officer Mark Lasky told AMM.

  • Zorba export prices steady, but fall forecasted Oct 30, 2013

    U.S. export prices for zorba, a nonferrous auto shred, are steady heading into November, but some sellers said prices could edge lower over the next few months as rising silicon prices in China are prompting buyers to reevaluate raw material costs.

  • No need for scrap futures contracts: Abbott Oct 30, 2013

    Martin Abbott, former chief executive officer of the London Metal Exchange, dismissed the need for scrap futures contracts at a recycling industry conference in Warsaw.

  • Stainless scrap prices rise amid tight supply Oct 29, 2013

    Stainless steel scrap broker/processor buying prices for 18/8 solids and turnings rose this week, with the market feeling the effects of the London Metal Exchange’s nickel price rally and some traders noting tightness in supplies on the ground.

  • Some secondary aluminum alloys fluctuate Oct 29, 2013

    Prices for some secondary aluminum alloys fluctuated this week as producers said that consumers had widened quotes in line with changing supply requirements.

  • Schnitzer’s recycling losses drive further cuts Oct 29, 2013

    Schnitzer Steel Industries Inc.’s metals recycling business recorded operating losses of $312 million for its fiscal year ended Aug. 31, which the company said will result in further layoffs and restructuring in the coming months.

  • Scrap aluminum wheel prices dip 1¢/lb. Oct 28, 2013

    Scrap aluminum wheel prices have weakened in October, with several suppliers noting that consumers are reducing purchasing activities in an effort to normalize inventory levels.

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