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    Low demand, oil prices drag OCTG to new low

    Mar 26, 2015

    Distributor selling prices for oil country tubular goods (OCTG) took another beating in March, sinking to a 63-month low as slumping oil prices continued to crimp OCTG demand. More »

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    Steel under siege, execs tell Congress

    Mar 26, 2015

    The U.S. steel industry is facing a flood of unfairly traded imports, crumbling infrastructure and a lack of relevant skills, top steel executives said at the Congressional Steel Caucus “State of Steel” hearing in Washington March 26. More »

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    Rebar, scrap prices diverging: CMC

    Mar 26, 2015

    U.S. rebar prices have been more loosely correlated with ferrous scrap prices recently, with talk of an automatic scrap "surcharge" mechanism becoming outdated, top executives at Commercial Metals Co. (CMC) said. More »

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    Heavy rain idles Chile copper mines

    Mar 26, 2015

    The idling of copper mines in northern Chile is unlikely to significantly affect global supply, according to analysts at BMO Capital Markets Corp., although one analyst believes it could support prices in the very near term. More »

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    Alcoa gets $250M loan for Tenn. expansion

    Mar 26, 2015

    Alcoa Inc. has secured a $259-million loan from the U.S. Department of Energy to fund the expansion of automotive aluminum sheet production at its facility in Alcoa, Tenn., the agency said March 26. More »

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    Scrap tags may be nearing floor: CMC's Alvarado

    Mar 26, 2015

    Scrap prices may be nearing a floor in the near term, according to Commercial Metals Co.’s (CMC’s) top executive. More »

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    Republic Steel cuts staff in Ohio

    Mar 26, 2015

    Republic Steel Co. is planning to temporarily lay off some 200 employees at its Lorain, Ohio, plant because of declining conditions in the oil and gas markets. More »

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    Steel price drop slowing: Worthington

    Mar 26, 2015

    Worthington Industries Inc. expects the decline in steel prices to slow after sagging prices took a toll on the company’s quarterly earnings results, company executives said. More »

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    Worthington Industries in the red

    Mar 26, 2015

    Worthington Industries Inc. plunged into the red in its fiscal third quarter on restructuring costs and a steep decline in steel prices. More »

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    Grede investing $20M in NC upgrade

    Mar 26, 2015

    Specialty iron castings manufacturer Grede Holdings LLC plans to invest more than $20 million over the next three years to upgrade its Biscoe, N.C., facility to support its growing commercial vehicle business. More »

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    First Nickel narrows net loss in ’14

    Mar 26, 2015

    First Nickel Inc. trimmed its losses in 2014 thanks to higher nickel prices and sales volumes. More »

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    Copper discounts rise, mart confused

    Mar 26, 2015

    Volatility in primary copper prices has undermined the willingness of copper scrap buyers and sellers to take big positions in the market, according to sources, who saw steeper scrap discounts this week. More »

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    Ohio recycler seeks Ch. 11 bankruptcy protection

    Mar 26, 2015

    Ohio Scrap Corp. has filed for Chapter 11 bankruptcy protection. More »

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    Survey: Your views on video

    Mar 26, 2015

    The editorial team at AMM is conducting a short survey to collect information on how you consume news content, both on our site and across other platforms, particularly video. More »

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  • Scrap downturn is a major change

    As the annual convention of the Institute of Scrap Recycling Industries approaches, to say that everything is not ideal in the ferrous scrap world would be a bit of an understatement. The first quarter of 2015 has presented scrap companies with their greatest challenges since the Great Recession helped to lower prices near the end of 2008. It hasn’t been a bed of roses on the nonferrous side, either.

  • Something old, something new

    Although the price differential between used and new equipment is as much as 50 percent or more, some scrap companies still prefer to buy new, even with current market conditions, while others are happy to grab the savings.

  • The well-dressed scrapyard

    What equipment should a yard operator be looking at to remain competitive and efficient? The emphasis often is on operational efficiency and value-added sorting, and one comprehensive, flexible approach could be to outline what the yard would look like if it were started from scratch.

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