Scrap RSS

  • Scrap brokers split on Severstal NA sale impact Jul 21, 2014

    OAO Severstal’s sale of its North American assets to Steel Dynamics Inc. (SDI) and AK Steel Corp. could hurt several scrap brokerage businesses, according to market participants.

  • West Coast bulk ferrous scrap prices slip Jul 21, 2014

    West Coast tags for bulk exports of ferrous scrap lost some ground this past week following price decreases for domestic material in markets like Japan and Taiwan.

  • MetalX hires Riddell in push to grow business Jul 21, 2014

    David Riddell has joined MetalX LLC’s management team as a senior marketing executive.

  • Former NM governor settles SEC fraud claims Jul 21, 2014

    Former New Mexico governor Toney Anaya has settled U.S. Securities and Exchange Commission (SEC) charges that he misled investors in a publicly traded scrap metals company.

  • Recycler alleges trademark infringement Jul 17, 2014

    A New York recycler is suing a competitor for allegedly infringing its trademark and making defamatory remarks about its practices.

  • Upstate to acquire Eastside Metals & Recycling Jul 17, 2014

    Upstate Shredding LLC-Ben Weitsman & Son Inc. is acquiring a metal recycler in Fort Ann, N.Y.

  • Ex-Harsco exec says US wrong country to try suit Jul 16, 2014

    A judge in Harsco Corp.’s trade secrets violation lawsuit is considering the defendants’ claim that the dispute would be more fitting for a courtroom in England rather than the United States.

  • Metalico sees improved 2d qtr. Jul 16, 2014

    Metalico Inc. expects to report improved results and provide an update on business developments when it issues its second-quarter earnings report Aug. 13.

  • Commerce to name data chief Jul 16, 2014

    The U.S. Commerce Department will hire its first-ever chief data officer, but AMM has been told that no changes are in the works for metals-related data.

  • Stainless steel scrap pricing trends sideways Jul 15, 2014

    Stainless steel scrap prices were relatively stable this week due in part to steady London Metal Exchange nickel prices, with market participants noting comfortable supply-side dynamics amid a summer slowdown in activity.

  • Turkey, Taiwan top ferrous scrap destinations Jul 15, 2014

    Ferrous scrap shipments from San Francisco to Vietnam were among the top five U.S. export routes in May, but sales to Turkey and Taiwan continued to dominate volumes and shipments.

  • Court appoints receiver for Florida e-cycler Jul 15, 2014

    A Florida electronics recycler has been placed in receivership after allegedly defaulting on millions of dollars in loans.

  • Former Omni executive joins e-cycling market Jul 15, 2014

    A former OmniSource Corp. executive has entered the electronics scrap recycling industry in South Carolina.

  • Covanta eyes Indianapolis landfill for metals recovery Jul 15, 2014

    Covanta Tartech LLC is continuing an effort to recover discarded metals, with plans to install ferrous and nonferrous metal recovery equipment at a landfill in Indianapolis.

  • Nonferrous scrap export slowdown continues Jul 15, 2014

    U.S. nonferrous scrap exports fell for the fifth successive month in May compared with a year earlier as weaker Chinese demand continued to hurt overall volumes.

  • Bulk ferrous scrap export tags to Turkey climb Jul 14, 2014

    Prices for U.S. bulk ferrous scrap exports to Turkey inched marginally higher last week after Turkish mills swarmed export markets for cargoes.

  • Keywell appeals bankruptcy court ruling Jul 14, 2014

    Keywell Metals LLC has appealed to the U.S. District Court in Illinois a bankruptcy court dismissal of its claim that two former Keywell LLC executives are contractually prohibited from working for scrap processor Cronimet Corp. by noncompete agreements.

  • Ferrous scrap exports fall as China retreats Jul 14, 2014

    U.S. ferrous scrap exports plummeted in May compared with the same month last year following a dramatic cutback in demand from China and Turkey.

  • USS mulls Canada operations restructure: union Jul 11, 2014

    U.S. Steel Corp. may be considering a restructuring of its Canadian operations, according to a union official.

  • Puerto Rico recycler settles EPA claim Jul 11, 2014

    A Puerto Rican recycling company is investing in new equipment and paying a $29,000 fine to resolve alleged violations of certain hazardous waste laws.

  • PSC Metals rejigs executive team Jul 11, 2014

    PSC Metals Inc. is realigning its executive team as part of a strategy to operate more efficiently and capitalize on the strengths of its seasoned veterans.

  • Containerized ferrous scrap prices to Asia dip Jul 10, 2014

    Containerized ferrous scrap export prices to most Asian markets retreated this week after a regional benchmark tender in Japan slipped a few dollars and demand from Taiwan weakened.

  • Shredded outperforms primes in Midwest Jul 10, 2014

    Shredded scrap prices gained the most ground in the Midwest in July as mill buyers looked to restore more-historical price spreads between the material and No. 1 busheling.

  • Bulk ferrous scrap export tags to Turkey rise Jul 10, 2014

    U.S. bulk ferrous scrap export prices to Turkey firmed this week as two cargo sales reflected a strong domestic market.

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