AMM Daily

Friday Sep 19 2014
AMM’s daily issue is a collection of the top stories as selected by our editors. Access is restricted to subscribers and trialists so if you aren’t subscribing, you are missing the benefit of our editors' experience in judging the most critical news items of the day. Subscribe or take a free trial today.

Latest News By Category

Steel

  • Deal set to clean up Sparrows Point

    Sep 19, 2014 | 05:46 PMThorsten Schier

    Sparrows Point Terminal LLC, the new owners of the Sparrows Point peninsula, has entered into an environmental agreement with the Maryland Department of the Environment and the Environmental Protection Agency to revitalize the former steelmaking site.

  • Imports weigh on plate mart, prices sink

    Sep 19, 2014 | 05:40 PMMichael Cowden

    Plate prices fell hard this past week as a push by domestic steelmakers to boost tags unravelled amid high import volumes and service center inventories.

  • U.S. Steel credit rating unchanged: Fitch

    Sep 19, 2014 | 05:33 PMThorsten Schier

    Fitch Ratings Inc. is not adjusting its credit rating on U.S. Steel Corp. as a result of the recent creditor protection filing by the steelmaker’s Canadian subsidiary.

Nonferrous

  • Ferrosilicon prices narrow as market diverges

    Sep 19, 2014 | 05:25 PMDaniel Fitzgerald

    Ferrosilicon spot prices have begun to diverge, with some traders reportedly chasing sales in order to liquidate their positions while others are holding firm at around $1 per pound.

  • Aluminum contract talks heating up

    Sep 19, 2014 | 05:16 PMNathan Laliberte

    Aluminum contract negotiations for 2015 have kicked off ahead of schedule, market participants told AMM, citing noticeable upticks in demand and growing concerns over long-term availability of the material.

  • Silicomanganese, FeV spot supplies seen tightening

    Sep 19, 2014 | 03:20 PMDaniel Fitzgerald

    Silicomanganese and ferrovanadium spot supplies are tightening, according to market participants. But while silicomanganese prices have ticked up, ferrovanadium remains flat.

Scrap

  • NJ scrap metals theft bill advances

    Sep 19, 2014 | 04:54 PMSaranya Kapur

    A proposed revision to a bill aimed at preventing the theft of scrap metals advanced in the New Jersey legislature this past week.

  • EMR’s earnings stumble on supply, demand difficulties

    Sep 19, 2014 | 04:07 PMLisa Gordon

    European Metal Recycling Ltd.’s (EMR’s) earnings fell 11.7 percent in 2013 as the company continued to combat difficult sale and supply issues that have faced the industry.

  • Sims to pay $189,500 to settle EPA claim

    Sep 19, 2014 | 02:50 PMLisa Gordon

    Sims Metal Management Ltd. has agreed to pay a civil penalty stemming from a previously resolved environmental issue at an off-site ship-loading conveyer area near its Redwood City, Calif., facility.

Supply Chain

  • Deal set to clean up Sparrows Point

    Sep 19, 2014 | 05:46 PMThorsten Schier

    Sparrows Point Terminal LLC, the new owners of the Sparrows Point peninsula, has entered into an environmental agreement with the Maryland Department of the Environment and the Environmental Protection Agency to revitalize the former steelmaking site.

  • Sheet prices slide as shipments slow

    Sep 19, 2014 | 04:55 PMMichael Cowden

    Spot sheet prices resumed their downward drift this past week as service center inventories rose while shipments slowed, market sources said.

  • Auto forgings maker facing OSHA fines

    Sep 19, 2014 | 04:36 PMRey Mashayekhi

    MCM Industries Co. is facing $126,700 in penalties for alleged safety violations at its Cleveland manufacturing plant.

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