Scrap RSS

  • Turkey, India scrap tags steady, Far East weak May 15, 2014

    U.S. ferrous scrap export markets recorded a mixed week as bulk shipment tags to Turkey and containerized scrap prices to India held steady while demand from Far East Asia dropped to send West Coast export prices lower.

  • Weather, soft margins add to Metalico loss May 15, 2014

    Metalico Inc. fell deeper into the red in the first quarter due in part to harsh weather and disappointing margins.

  • Ohio recycler ordered to close May 15, 2014

    A Salem, Ohio, metal recycler has been ordered to shut down for operating in an area where recycling is prohibited.

  • Azcon sues Metal Recycling Systems for scrap payments May 14, 2014

    Azcon Inc. has filed a $1.2-million lawsuit against Metal Recycling Systems Inc. for allegedly failing to pay for scrap metal.

  • ISA’s loss widens in 1st qtr. on weak revenue May 14, 2014

    Industrial Services of America Inc.’s (ISA’s) net loss widened in the first quarter due in part to weaker revenue and lower pricing.

  • Harold Stamps retires from Progress Rail May 14, 2014

    Harold Stamps, managing director of Progress Rail Services Corp., has retired after nearly 40 years in the scrap metals realm.

  • Zorba buyer exit could push prices downward May 14, 2014

    The availability of zorba, a nonferrous auto shred, could increase in the Midwest market following Metal Recycling Systems Inc.’s exit from the region.

  • US ferrous scrap prices to Turkey hold May 13, 2014

    Prices for U.S. bulk ferrous scrap exports to Turkey showed some weakness in deals concluded this week, although at least two sales reportedly held on to earlier May values.

  • Sims closing Dallas e-cycling facility May 13, 2014

    Sims Recycling Solutions (SRS) will close it Dallas facility by the end of July, when its lease there expires, and consolidate the operations into other SRS facilities in Nashville, Tenn., and Tucson, Ariz., a company spokesman confirmed.

  • Kuwait, Peru leading destinations for US shredded May 13, 2014

    Kuwait and Peru were among the top five trade routes for U.S. shredded steel scrap in the first quarter as exporters pushed to secure sales to nontraditional consumers in a depressed market, U.S. Commerce Department data show.

  • Mill-grade aluminum scrap tags move higher with LME May 13, 2014

    Secondary aluminum scrap prices recorded a mixed start to the week of May 12, as some grades increased while others remained flat.

  • Stainless scrap up; nickel volatility stirs fears May 13, 2014

    Stainless scrap prices have rebounded this week as London Metal Exchange nickel prices rallied to their highest level in more than two years, leaving scrap market participants nervous about continuing price volatility.

  • NH auto recycler facing closure May 13, 2014

    A Salem, N.H., auto salvage yard and metals recycler is facing the possibility of being shut down because residents are complaining that the business is a nuisance.

  • PSC Metals hires senior buyer for Columbus region May 13, 2014

    PSC Metals Inc. has hired Nikhil Karnavat to serve as senior buyer of its Columbus region.

  • Ferrous scrap exports mixed in March May 12, 2014

    Weak demand from Turkey, South Korea, Taiwan and China led ferrous scrap exports to fall 32.3 percent year on year in March, U.S. Commerce Department data show, although the picture was different on a month-on-month basis.

  • Supply pushes Midwest scrap prices down May 12, 2014

    A disconnect between demand from Midwest steel mills for obsolete scrap and increased supply resulted in retreating prices this month that erased any gains recorded in April.

  • Harsco earnings rise in qtr.; upbeat on nickel, steel prices May 12, 2014

    Harsco Corp. expects business conditions to improve during the year and is encouraged by the recent firming of nickel and steel prices.

  • Daido waiting for damages won in lawsuit May 12, 2014

    Daido International LLC has yet to receive the damages it won in a lawsuit against Recycling Unlimited Metal Co. Inc. for failing to fulfill three purchase orders made last year, according to Daido attorney Michael N. Berke.

  • NC recycler’s scale worker accused of embezzlement May 12, 2014

    An employee of a North Carolina metal recycler has been accused of embezzlement and felony conspiracy after allegedly overpaying customers at the scale.

  • Copper premiums stable as market seeks stronger demand May 09, 2014

    Copper cathode demand is reportedly steady but unremarkable, with consumers looking for more improvement from end markets.

  • PSC Metals narrows loss in first-quarter May 09, 2014

    PSC Metals Inc. narrowed its first-quarter loss despite a dramatic reduction in revenue and shipments.

  • Copper scrap consolidation to rise: ISRI May 09, 2014

    Copper scrap industry consolidation is likely to step up as some companies rationalize their activities and start to sell less profitable units, Institute of Scrap Recycling Industries chief economist Joseph C. Pickard said.

  • New mandate could make trucking woes worse May 08, 2014

    Federal and state regulations have had a negative impact on trucking capacity and freight costs, but the worst isn’t over, according to Chris Shimoda, director of policy at the California Trucking Association.

  • Chicago scrap prices slide on lower demand May 08, 2014

    Weaker overall demand from steel producers in the Chicago area adversely impacted monthly ferrous scrap prices, which trended lower as the week progressed.

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