Scrap RSS

  • GM softens switch removal stand Dec 01, 2009

    General Motors Co. has told the Steel Manufacturers Association (SMA) that it will consider making subsidy payments for removal of mercury-bearing switches from defunct vehicles whenever the bankruptcy court segment of GM, Motors Liquidation Co. (MLC), exits court supervision.

  • Aleris again trims negative cash flow in Oct. Dec 01, 2009

    The U.S. operations of Aleris International Inc., operating under Chapter 11 court protection, neared positive cash flow in October, according to a financial update filed on Monday.

  • Calif. can recycling program facing meltdown, Tomra says Dec 01, 2009

    Tomra Pacific Inc., which takes back beverage containers under California’s deposit-fee program in 395 locations, said a previously profitable program has dived into a $5.7-million loss for Tomra through August.

  • Ontario town looks to oust Zalev Bros. Dec 01, 2009

    City officials in Windsor, Ontario, are weighing plans to run the Zalev Brothers Co. scrapyard out of their town.

  • General Motors softens switch removal stand Dec 01, 2009

    General Motors Co. has told the Steel Manufacturers Association (SMA) that it will consider making subsidy payments for removal of mercury-bearing switches from defunct vehicles whenever the bankruptcy court segment of GM, Motors Liquidation Co. (MLC), exits court supervision.

  • Calif. can recycling program facing meltdown, Tomra says Dec 01, 2009

    Tomra Pacific Inc., which takes back beverage containers under California’s deposit-fee program in 395 locations, said a previously profitable program has dived into a $5.7-million loss for Tomra through August.

  • LKQ gets nod to open Kansas auto storage yard Dec 01, 2009

    Commissioners in Shawnee County, Kansas, voted this week to rezone a former agricultural farm, allowing a major auto salvager to move to the site.

  • Aleris again trims its negative cash flow in October Dec 01, 2009

    The U.S. operations of Aleris International Inc., operating under Chapter 11 court protection, neared positive cash flow in October, according to a financial update filed on Monday.

  • Auto recyclers get more 'Clunker' crushing time Dec 01, 2009

    Although not as long as they had hoped, auto recyclers have been granted a “Cash for Clunkers” crushing deadline extension.

  • Windsor, Ontario, looks to oust Zalev Bros. scrapyard Dec 01, 2009

    City officials in Windsor, Ontario, are weighing plans to run the Zalev Brothers Co. scrapyard out of their town.

  • China Armco logs $824,181 loss in qtr. Nov 30, 2009

    China Armco Metals Inc., an ore trader that is building a shredder scrapyard in China with help from U.S. investors, posted an $824,181 net loss for the third quarter ended Sept. 30 on sales that rose 33.8 percent to $27.3 million.

  • China Armco Metals logs $824,181 loss in 3d qtr. Nov 30, 2009

    China Armco Metals Inc., an ore trader that is building a shredder scrapyard in China with help from U.S. investors, posted an $824,181 net loss for the third quarter ended Sept. 30 on sales that rose 33.8 percent to $27.3 million.

  • Indian buys of US, EU ferrous scrap slow Nov 30, 2009

    Higher ferrous scrap offers from U.S. and European suppliers have led India to cut the tonnage it buys, with just a few small deals done at the higher prices.

  • Copper scrap tags steady despite increase on Comex Nov 30, 2009

    Copper scrap prices continue to hold steady on the back of weak physical demand, even as the primary market flirted with 14-month highs in New York.

  • Ship sinks with ferrous scrap cargo Nov 30, 2009

    A cargo of Russian ferrous scrap destined for a steel mill in Turkey is now sitting at the bottom of the Azov Sea.

  • Rail-borne scrap up 3.6 percent Nov 30, 2009

    U.S. non-intermodal car loadings of scrap rose 3.6 percent from the prior week.

  • Iron Edge downgrades Schnitzer Nov 30, 2009

    Iron Edge Research analysts have downgraded Schnitzer Steel Industries Inc. to “perform” from “outperform” and lowered their per-share estimates for the company’s fiscal 2010 earnings.

  • Copper scrap tags steady despite increase on Comex Nov 30, 2009

    Copper scrap prices continue to hold steady on the back of weak physical demand, even as the primary market flirted with 14-month highs in New York.

  • Judge clears racketeering claim vs. ex-CMC workers Nov 30, 2009

    Commercial Metals Co. (CMC) has been given clearance by a U.S. District Court judge to pursue some of its racketeering charges against three former employees.

  • Rail-borne scrap up 3.6 percent Nov 30, 2009

    U.S. non-intermodal car loadings of scrap rose 3.6 percent from the prior week.

  • Judge clears racketeering charges vs. ex-CMC workers Nov 30, 2009

    Commercial Metals Co. (CMC) has been given clearance by a U.S. District Court judge to pursue some of its racketeering charges against three former employees.

  • Steamship collision sinks scrap bound for Turkey in Azov Sea Nov 25, 2009

    One cargo of Russian ferrous scrap destined for a steel mill in Turkey won’t make the voyage; it’s now sitting on the bottom of the Azov Sea following a collision with another a ship.

  • Taylor Iron cleared to build barge port on Ohio River Nov 25, 2009

    West Virginia recycler Taylor Iron & Metal has passed a major regulatory hurdle and plans to proceed with construction of a multi-material barge loading and unloading facility along the Ohio River.

  • Taylor Iron & Metal cleared to build barge port on Ohio River Nov 25, 2009

    West Virginia recycler Taylor Iron & Metal has passed a major regulatory hurdle and plans to proceed with construction of a multi-material barge loading and unloading facility along the Ohio River.

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