-
SMC Recycling Inc. plans to open a new feeder yard to support its Corinth, Miss., auto shredding facility.
-
Jeff Allman, a ferrous raw materials trader at Trafigura AG/NEMS (USA) Inc., is no longer with the company, a spokesman confirmed.
-
Thomas Quirke, president of OneSteel Recycling Inc., has resigned effective May 14.
-
New scrap regulations that will take effect in Oklahoma later this year are being welcomed by metals recyclers in the state.
-
A former office manager and bookkeeper for a New York recycler has been accused of embezzling more than $600,000 from the company.
-
Harsco Corp. returned to profitability in the first quarter but expects to see revenue curbed by continued lower steel production volumes at the mills it serves.
-
Midwest ferrous scrap prices dropped about 5 percent in May as sellers had little room to prop up prices on cues of weak domestic and export demand.
-
Edward M. Sisk Inc. has opened its third metal recycling facility, marking a departure for the 67-year-old South Carolina company, which previously resisted expansion.
-
Ohio Scrap Corp. is facing the permanent loss of $1.2 million seized in an Internal Revenue Service raid last November.
-
Secondary aluminum alloy prices dipped May 9, with a slight loosening of scrap supply allowing producers to acquire raw materials at more attractive levels.
-
Industrial Services of America Inc. (ISA) has changed its corporate governance structure and management following the retirement of its founder and chief executive officer Harry Kletter on May 7.
-
U.S. bulk ferrous scrap export prices have fallen for the second time in as many weeks as mill buyers in Turkey continue to drive prices down amid weak demand.
-
Tight scrap flows and low spreads weighed on Aleris International Inc.’s first-quarter earnings, as weak prices on the London Metal Exchange continued to present significant challenges to near-term growth, company executives said on an earnings call May 9.
-
Metalico Inc. posted a net loss in the first quarter, due in part to overcapacity that has plagued the entire scrap metal industry, the company said.
-
The introduction of a new trade barrier on ferrous and nonferrous scrap metal by the Indian government has sparked outrage among U.S. exporters and Indian importers who expect volumes shipped to India to drop significantly as a result of the new fees.
-
Due to a reporting error, an article in the May 8 edition incorrectly identified the headquarters of TMK Ipsco. The domestic subsidiary of Russian steelmaker OAO TMK, is based in Houston.
-
Most copper scrap discounts widened May 8 as market participants said that the secondary market was reacting to a recent recovery in Comex pricing.
-
The owner of a Chicago scrapyard where eight stolen school buses were found shredded has been slapped with a host of new charges.
-
A judge has dismissed a lawsuit against Phoenix Group Metals LLC after determining the plaintiff failed to prove it had incurred a loss as a result of the alleged actions, Phoenix Group Metals said in a statement.
-
Developing nations have successfully fought off certain Basel Convention policy changes aimed at regulating shipments of electronic recycling products to their countries.
-
West Coast export prices for containerized ferrous scrap have retreated to late-April levels following the end of a brief demand spike from Taiwan.
-
Prices for whole junk batteries fell May 7 as weakening terminal markets and improved scrap flows led to a 2-cent-per-pound decline, sources said.
-
Export Global Metals Inc. is suing Memking Recycling Group LLC and Components & More Inc., both of Carrollton, Texas, for alleged breach of contract over the quality of shipments of computer cables to China.
-
Chinese copper imports fell 27.2 percent year on year and 7.4 percent month on month in April as open arbitrage failed to draw in enough shipments.