Scrap RSS

  • Conn. mulls metals theft law aimed at municipal property Mar 18, 2014

    Connecticut state legislators are considering a bill that would tighten existing metals theft legislation to try to prevent the unauthorized sale of municipal property to recyclers.

  • Zorba exporters turn to India as prices decline Mar 17, 2014

    U.S. export prices for nonferrous auto shred, or zorba, have continued to fall over the past two weeks, but sources noted that recent demand from Indian buyers could point to a stronger market in April.

  • Md. bill would ban recyclers from buying stripped copper Mar 17, 2014

    In an effort to discourage metal thefts, a Maryland state legislator has introduced emergency legislation that would ban scrap metal recyclers from purchasing copper wire that has had its insulation burned or stripped away.

  • Wis. county mulls new scrap law Mar 17, 2014

    Local Wisconsin officials are targeting metals theft, and will consider a new rule requiring metals recyclers to electronically report details of each transaction within a day.

  • Knowles named chief exec at Sims Brothers Recycling Mar 17, 2014

    Sims Brothers Recycling has promoted Scott Knowles to chief executive officer, succeeding Gary Sims.

  • Indian scrap buyers return to US shores Mar 14, 2014

    A stronger Indian rupee has sparked the return of Indian mill buyers to U.S. and European shores as currency rates have allowed exporters to raise scrap prices to acceptable levels.

  • Scrap’s fall halted by Taiwan rebar sale Mar 14, 2014

    A late surge in sales for reinforcing bar in Taiwan has stopped a nearly weeklong decline in scrap prices to Taiwanese mills, AMM has been told.

  • Metalico sees challenges in 2014 Mar 14, 2014

    Higher buying prices for feedstock coupled with lower selling prices kept Metalico Inc. in the red at year-end, with challenges still ahead for this year, it said.

  • US bulk scrap export prices to Turkey rally Mar 13, 2014

    Export prices for U.S. bulk ferrous scrap shipped to Turkey have rebounded as demand trickled in amid a recovery in iron ore prices.

  • SC auto salvage yard reopens under new owner Mar 13, 2014

    A Conway, S.C., auto salvage yard has reopened under new ownership.

  • Copper scrap in flux after Comex fall Mar 12, 2014

    Discounts for most grades of copper scrap narrowed March 12 as buyers and sellers struggled to grasp the impact of steep declines in Comex copper prices, which have fallen nearly 8 percent since March 5.

  • Signals mixed as Turks eye export price rise Mar 12, 2014

    Turkish steel mills stayed away from ferrous scrap markets March 12 as contradictory data stemming from weaker iron ore prices and stronger foreign currency markets left many perplexed on the direction of prices.

  • Mass. metals recycler agrees to settle suit Mar 12, 2014

    A Massachusetts auto crusher plans to settle Clean Water Act litigation filed by an environmental group.

  • US ferrous scrap exports tumble in Jan. Mar 11, 2014

    U.S. ferrous scrap exports are off to a poor start this year as volumes plummeted in January, driven by weak interest from Turkey.

  • Stainless scrap climbs in step with LME nickel Mar 11, 2014

    Stainless steel scrap prices rose across the austenitic grades this week as the market responded to impressive demand and revitalized London Metal Exchange nickel prices, industry participants told AMM.

  • Hanjin to continue shipping at Port of Portland Mar 11, 2014

    Hanjin Shipping Co. Ltd. will continue its weekly trans-Pacific vessel call at the Port of Portland in Oregon, nearly four months after it first threatened to exit due to escalating costs and low productivity, the port said March 10.

  • China drives nonferrous scrap export fall Mar 11, 2014

    U.S. nonferrous scrap exports fell in January amid weaker demand from China, whose intake of most nonferrous scrap—namely copper and aluminum—declined compared with December.

  • Twitch prices decline on zorba glut Mar 11, 2014

    U.S. prices for high-grade twitch, or floated fragmentizer aluminum scrap, have fallen over the past week, with market participants saying that a recent uptick in the domestic supply of zorba, a lower-grade nonferrous auto shred used to make twitch, had “thrown the market into flux.”

  • Behr Iron & Metal worker killed Mar 11, 2014

    A worker at Behr Iron & Metal Co.’s South Beloit, Ill., auto shredding facility was killed after becoming trapped in a piece of machinery March 10, according to local reports.

  • W Silver expands into Mexico with new facility Mar 11, 2014

    W Silver Recycling Inc. has opened an operation in Apodaca, Mexico, the company’s first facility in the country, to handle increased business.

  • Midwest ferrous scrap prices slump in March Mar 10, 2014

    March ferrous scrap trading across the Midwest stayed true to last month’s anticipation that prime scrap prices would fall further than obsolete grade prices.

  • Aleris hurt by narrowing spreads in 4th qtr. Mar 10, 2014

    Narrowing scrap spreads have continued to negatively impact Aleris International Inc.’s North American rolled product margins, executives said, citing weak London Metal Exchange prices and historically high U.S. Midwest aluminum premiums.

  • Aluminum deox prices reach 8-month high Mar 07, 2014

    Prices for aluminum deoxidant, or deox, reached eight-month highs in February as a “scarcity of scrap,” coupled with “weather-related production issues,” caused prices to jump about 5 percent from the previous month, producers said.

  • Chicago scrap again falls on weak demand Mar 07, 2014

    Overall ferrous scrap demand in the Chicago region remained poor for the second straight month as two steel mills sought volumes significantly below their typical monthly averages.

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