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PHILADELPHIA — French waste handler Veolia Environmental Services has acquired Bartin Recycling Group, France’s third-largest recycler of ferrous and nonferrous metals.
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Large military lots of insulated copper wire scrap went for $1.51 a pound in Pennsylvania and $1.44 a pound in Maryland in an electronic auction. The two winning bids both exceeded $50,000.
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U.S. exports of aluminum scrap were fractionally higher in September, with China off a bit from the previous month and Taiwan zooming into second place with purchases of cheap material.
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Spot prices for secondary aluminum ingot have risen modestly since the first week of November, typically a half cent to a penny a pound, putting the A380.1 price range published by AMM at $1.095 to $1.11 a pound, up from $1.09 to $1.10 previously.
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Spot prices for secondary aluminum ingot have risen modestly since the first week of November, typically a half cent to a penny a pound, putting the A380.1 price range published by AMM at $1.095 to $1.11 a pound, up from $1.09 to $1.10 previously.
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Wise Metals Group LLC, owner of the Wise Alloys LLC aluminum rolling mill in Muscle Shoals, Ala., postponed its Nov. 19 earnings release less than an hour before a scheduled conference call for investment analysts at 430 p.m. Eastern time Monday.
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Wise Metals Group LLC, owner of the Wise Alloys LLC aluminum rolling mill in Muscle Shoals, Ala., has postponed plans for a Nov. 19 earnings release, less than an hour before a scheduled conference call for investment analysts at 430 p.m., Eastern time, Monday.
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Softer sales to Asian smelters and scrap importers helped push down U.S. exporters’ shipments of copper and brass scrap by 12.2 percent in September.
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French waste handler Veolia Environmental Services said Monday it would acquire Bartin Recycling Group, France’s third-largest recycler of ferrous and nonferrous metals.
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French waste handler Veolia Environmental Services said Monday it would acquire Bartin Recycling Group, France’s third-largest recycler of ferrous and nonferrous metals.
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Australian recycler CMA Corp. has signed a deal to acquire an Indiana plant that separates zinc from galvanized steel scrap for Australian $7.7 million ($6.9 million) in CMA shares.
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Plans by Metalico Inc. to build a shredder near Rochester, N.Y., have surmounted a court challenge but face a new hurdle a strategy review by the company itself.
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Plans by Metalico Inc. to build a shredder near Rochester, N.Y., have surmounted a court challenge but face a new hurdle a strategy review by the company itself.
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The scrap industry’s acquisition binge isn’t over, and it isn’t likely to meet the same unhappy fate as the consolidation spree of the 1990s, either.
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The potential headaches of a steel producer owning a recycling company can be avoided if the mill develops the right relationship with its independent scrap suppliers, Randy J. Ehret, manager of strategic sourcing at Timken Co., Canton, Ohio, said.
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The potential headaches of a steel producer owning a recycling company can be avoided if the mill develops the right relationship with its independent scrap suppliers, Randy Ehret, manager of strategic sourcing at Timken Co., Canton, Ohio, said.
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Higher ocean freight rates and fewer ships to carry their cargoes cut U.S. shredded scrap exporters’ shipments in September almost 20 percent from the prior month’s tonnage.
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Metal companies must be prepared for rising transportation costs, but there are measures they can take to mitigate the impact of higher charges on their bottom line, participants at AMM’s Scrap Conference in Scottsdale, Ariz., were told Wednesday.
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Weaker shipments of copper and nickel scrap dragged exports of nonferrous scrap metals down 4.4 percent in September from the previous month’s pace.
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Prices paid for nickel-bearing stainless steel scrap by brokers and processors have risen steadily in November, spurred by revived demand from stainless mills and higher primary nickel prices.
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The scrap industry’s acquisition binge isn’t over, and it isn’t likely to meet the same unhappy fate as the consolidation spree of the 1990s, either.
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Steelmaker Steel Dynamics Inc. (SDI) bought scrap processor OmniSource Inc. as a way to soften scrap price swings, cut scrap transportation costs and trim working capital by lowering scrap inventories, not to boost mill profits at the expense of a supplier, according to Keith Busse, SDI’s president and chief executive officer.
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The Institute of Scrap Recycling Industries (ISRI) says it will work with rail shippers and rail shipping coalitions to encourage the nation’s railroads to buy more freight cars that carry scrap metals.
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Turkish steelmakers are beginning to buy more ferrous scrap from their offshore suppliers, industry sources said, largely to replenish depleted inventories of melt material.