Scrap RSS

  • Flooding disrupts SSAB rail shipments Jul 03, 2014

    Flooding in the Quad Cities area has stopped rail shipments in and out of the SSAB Americas’ plate mill in Montpelier, Iowa.

  • Lawsuit targets former Harsco exec Jul 03, 2014

    Harsco Corp. is suing a former executive for allegedly passing company secrets to two competitors and diverting business opportunities.

  • West Coast port labor talks slowing scrap flow Jul 03, 2014

    The flow of scrap is being impacted by labor negotiations at West Coast ports despite no official disruption of port operations.

  • Brewer out; Kline named PSC chief exec Jul 02, 2014

    PSC Metals Inc. has tapped aluminum industry veteran Ronald L. Kline to oversee the business effective immediately, the company’s sixth chief executive officer in less than 11 years.

  • Two recyclers merge in wake of lawsuit Jul 02, 2014

    Wise Metals Group LLC has merged its Wise Recycling LLC business with Source Recycling LLC after suing the company and three of its senior staff for alleged breach of contract, unfair and deceptive trade practices and misappropriation of Wise Recycling’s trade secrets.

  • W. Coast bulk ferrous scrap export prices jump Jul 02, 2014

    West Coast bulk ferrous scrap export prices posted a significant increase following a sale to Thailand that broke a monthlong impasse.

  • Metals recycler seeks to open Ga. facility Jul 02, 2014

    A metals recycler is seeking to set up shop in Norcross, Ga.

  • NovX21 picks Quebec for recycling facility Jul 02, 2014

    NovX21 Inc. plans to set up an operation in Thetford Mines in Quebec to recover platinum group metals (PGM) from spent catalytic converters.

  • Metalico in debt restructure deal Jul 01, 2014

    Metalico Inc. has reached an agreement to restructure some of its debt.

  • Zorba prices flat as demand wanes Jul 01, 2014

    Export prices for zorba, a nonferrous auto shred, are expected to stay flat over the next few weeks due to a lack of strong interest from China and India, despite an uptick in aluminum and copper terminal market tags, market players said.

  • Auto recycler moves N.Y. location Jul 01, 2014

    An auto salvager and recycler operating throughout the United States and Canada is moving one of its New York locations to Bergen from Rochester.

  • Accident kills Novelis contractor Jul 01, 2014

    An accident in the recycling area at Novelis Inc.’s plant in Oswego, N.Y., has killed a contractor, Steven Cooper, 31, of Phoenix, N.Y.

  • Recycling has $13B annual impact on SC: study Jul 01, 2014

    The recycling industry’s annual economic impact in South Carolina has doubled since 2006 to $13 billion in 2014, according to a report.

  • Midwest scrap market divided on July prices Jun 30, 2014

    Midwest steel mills likely will push for an unchanged ferrous scrap market in July despite pressure from suppliers for higher prices.

  • Ferrous scrap exports to Turkey hit lull Jun 30, 2014

    U.S. bulk ferrous scrap exports to Turkey are expected to hit a quiet period this week due to a price standoff between buyers and sellers.

  • Holiday notice Jun 30, 2014

    AMM’s offices will be closed Friday, July 4, in observance of Independence Day, and there will be no issue that day. The New York Mercantile Exchange also will be closed Friday. The London Metal Exchange will be open, and AMM will publish the LME’s July 4 prices in the July 8 issue.

  • Texas scrap broker sued by Malaysian recycler Jun 30, 2014

    A Malaysian metal recycler is suing a Texas scrap broker that allegedly failed to deliver wire shipments and instead sold the material to third parties.

  • CMC mulling relocation of San Antonio shredder Jun 27, 2014

    Commercial Metals Co. (CMC) could be seeking a new home for its recently bought Texas auto shredder.

  • Schnitzer sees iron ore prices rallying Jun 27, 2014

    Iron ore prices are more likely to recover in the coming months since a tighter supply of scrap has left very little room to for iron ore tags to trend lower, according to Schnitzer Steel Industries Inc.’s top executive.

  • Export prices for container scrap to Taiwan slip Jun 27, 2014

    Export prices for containerized ferrous scrap to Taiwan slipped this past week as mill demand receded following four weeks of gains.

  • Supply issues tighten copper scrap discounts Jun 26, 2014

    Tight supply conditions dominated the copper scrap market this week, and despite an uptick in terminal markets spreads on most grades of copper scrap tightened.

  • Schnitzer revenue falls amid lower scrap prices Jun 26, 2014

    Schnitzer Steel Industries Inc. recorded higher domestic ferrous scrap sales during its fiscal third quarter while export volumes fell, but the shift in destinations was unable to prevent total revenue from its ferrous sales from falling 16.8 percent compared with a year earlier.

  • US books ferrous scrap sale to Turkey Jun 26, 2014

    An East Coast bulk cargo sale of ferrous scrap to Turkey ended a two-week impasse between U.S. exporters and Turkish mills, with prices trending marginally higher.

  • Capital Scrap Metal OK’d to open Fla. yard Jun 26, 2014

    A Florida metal recycler has received approval to open its fourth facility in the state.

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