Scrap RSS

  • Copper scrap discounts rise for some grades May 29, 2014

    Spreads on bare bright and No. 1 copper scrap sold to brass ingot makers widened as terminal markets strengthened, while a slight pickup in Chinese buying of yellow brass sent tags for that grade higher.

  • Containerized scrap export prices to Taiwan up May 29, 2014

    Prices for containerized ferrous scrap exported to Taiwan logged a surprise turnaround, catching many market participants off guard.

  • Aluminum alloys pricing spikes on LME surge May 29, 2014

    A second week of surging prices for the London Metal Exchange’s North American special aluminum alloy contract (Nasaac) triggered a spike in free-market alloy tags this past week.

  • US bulk ferrous scrap export prices mixed May 29, 2014

    U.S. bulk ferrous scrap exports recorded a mixed week after shippers raised price offers to South Korea, while one exporter lowered tags marginally into Turkey.

  • US steel usage, production fall slightly in ’13 May 29, 2014

    Consumption of finished steel products in the United States fell slightly last year and has yet to return to pre-recession levels, according to the latest World Steel Association data.

  • China’s copper scrap use to rise: ICSG May 29, 2014

    Copper scrap usage by mills in China is set to grow 6 to 7 percent annually through 2016, according to an International Copper Study Group (ICSG) report.

  • Canada recycler to add shredder May 29, 2014

    Canadian recycler Industrial Metals LP is installing a shredder to expand its business and increase its presence.

  • Export interest may boost US zorba prices May 28, 2014

    Domestic prices for zorba, a nonferrous auto shred, could firm due to a gradual return of Chinese interest and an uptick in export tags over the past month.

  • Ferrous scrap tags look poised to slide in June May 28, 2014

    Ferrous scrap prices look set to fall in June, with shredded scrap poised for the biggest drop, according to market participants.

  • Metal Recycling Systems' assets for sale May 28, 2014

    A Chicago-area metals recycler that closed its doors last month is auctioning off its assets and exiting the business.

  • Sims Metal’s Kelman taking position at UK unit May 28, 2014

    Robert A. Kelman, president of Sims Metal Management Ltd.’s North America Metals division, has accepted a position at the recycler’s operations in the United Kingdom.

  • Auto recycler facing water pollution lawsuit May 27, 2014

    A New Hampshire automobile salvage yard is being sued by an environmental group for alleged violations of the federal Clean Water Act.

  • Tight supply keeps bulk scrap export prices firm May 27, 2014

    Bulk export prices for ferrous scrap remained unchanged this past week as Asian buyers were still absent from the market and Turkish mills booked three cargoes from the Baltic states and Russia.

  • R2 Solutions unveils reforms to program May 23, 2014

    Electronics recycling certification body R2 Solutions has introduced a series of proposed actions that are meant to "raise the integrity" of the R2 standards.

  • Schnitzer warns scrap prices will hit results May 23, 2014

    Schnitzer Steel Industries Inc. is warning investors that its upcoming quarterly financial results will feel the sting of downward pressure on scrap metal selling prices.

  • PSC Metals taps nonferrous exec May 23, 2014

    Metals recycler PSC Metals Inc. has named LeAnne Johnson as director of nonferrous sales.

  • Aluminum alloys swing higher on Nasaac spike May 22, 2014

    Secondary aluminum alloy prices jumped May 22 following an unexpected rise in London Metal Exchange contract prices for North American secondary alloy.

  • PSC Metals taps interim manager May 22, 2014

    PSC Metals Inc. has named Jarod Hamilton interim general manager of the recycler’s Beaver Falls, Pa., auto shredder facility.

  • India elections boost ferrous scrap prices May 22, 2014

    U.S. ferrous scrap export prices to India rose this week as markets welcomed the country’s election of a pro-business prime minister, which led to a strengthening of the Indian rupee.

  • Copper scrap discounts slip as purchases rise May 22, 2014

    The spread on No. 1 copper scrap narrowed this week due to more aggressive buying from mills, with end market demand improving heading into summer.

  • Hayes selling scrapyards under Ch. 11 May 22, 2014

    Hayes Iron & Metal Inc. has found buyers for two scrapyards and is preparing to sell a third facility as part of its bankruptcy proceedings.

  • Memorial Day holiday notice May 22, 2014

    AMM’s offices will be closed Monday, May 26, in observance of Memorial Day, and there will be no issue dated Tuesday, May 27. The New York Mercantile Exchange and the London Metal Exchange are also closed.

  • China’s ferrous scrap imports dip May 22, 2014

    China’s ferrous scrap imports declined 8.4 percent to 227,101 tonnes in April from 248,018 tonnes the previous month and were down 59.4 percent from a year earlier, according to Chinese customs data released May 22.

  • Scrap battery demand boosts prices May 22, 2014

    Battery manufacturers restocking inventories for the summer have provided strong demand for recycled batteries, pushing prices higher over the past month.

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