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Ohio Scrap Corp. is facing the permanent loss of $1.2 million seized in an Internal Revenue Service raid last November.
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Secondary aluminum alloy prices dipped May 9, with a slight loosening of scrap supply allowing producers to acquire raw materials at more attractive levels.
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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.
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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.
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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.
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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.
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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.
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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.
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Most copper scrap discounts widened May 8 as market participants said that the secondary market was reacting to a recent recovery in Comex pricing.
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The owner of a Chicago scrapyard where eight stolen school buses were found shredded has been slapped with a host of new charges.
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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.
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Developing nations have successfully fought off certain Basel Convention policy changes aimed at regulating shipments of electronic recycling products to their countries.
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West Coast export prices for containerized ferrous scrap have retreated to late-April levels following the end of a brief demand spike from Taiwan.
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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.
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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.
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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.
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The state of Ohio continues to top the National Insurance Crime Bureau (NICB) list of metal theft claims, while copper remains by far the material most often reported stolen.
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China’s push to enforce rules on imports of certain recycled and waste products is focusing primarily on trade activities at major coastal ports and the provinces of Anhui, Hubei, Hunan and Jiangzi, according to an industry group.
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Appliance Recycling Centers of America Inc. (Arca) returned to profitability in the first quarter, citing the replacement of white goods by consumers as a driving force.
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China’s “Operation Green Fence,” which has stepped up enforcement of restrictions on raw material imports, has caused an oversupply of shredded aluminum scrap in the United States, sources told AMM.
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Camden Iron & Metal Inc. is suing the former owners of its scrapyard in Albany County, N.Y., in an effort to force them to pay for environmental remediation efforts at the site.
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The Oregon Department of Environmental Quality said it has fined Metal Movers LLC more than $17,000 for alleged environmental violations at its metals recycling facility in Helix.
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Plans are under way to launch a family of finished steel and scrap metal futures products in the United States this year to provide buyers and sellers along the steel supply chain another set of tools to help manage price volatility.
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PSC Metals Inc. continues its struggle to return to profitability, chalking up another first-quarter loss amid weaker ferrous shipments and selling prices.