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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $436.31 per tonne on an HMS 1&2 (80:20) basis on December 13, up over $3 from $433.26 a day earlier
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Ferrous scrap prices for material imported into Spain increased this week as buyers looked to secure more tonnage for delivery in the New Year.
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U.S. ferrous scrap export trade has quietened this week as stronger domestic prices keep offshore consumers at bay.
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A public hearing to consider whether to issue a special-use permit to a Hanson, Mass.-based recycler that would allow it to recycle outdoors has been rescheduled by a zoning board of appeals.
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Billionaire investor Carl Icahn would strip Commercial Metals Co. (CMC) of its "ridiculous" international assets and refocus it as a U.S. scrap company after merging it with his wholly owned PSC Metals Inc. if his CMC takeover bid is successful, he told AMM in a telephone interview.
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A public hearing will be held Tuesday in Wawayanda, N.Y., to discuss a draft environmental impact statement (EIS) from a recycler looking to install an auto shredder on a greenfield site.
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A story in the Dec. 12 edition incorrectly stated the amount of the filing fee in Icahn Enterprises Holdings LP’s offer to acquire Commercial Metals Co. The filing fee should have been listed as $178,800.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was $433.26 per tonne on an HMS 1&2 (80:20) basis on December 12, unchanged from December 9.
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Nucor Corp. plans to boost transaction prices for reinforcing bar, merchant bar and structural products by $30 per ton ($1.50 per hundredweight), citing raw material costs.
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A Houston steel broker is buying a scrapyard as part of its strategy to become a full-service metals recycler.
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Billionaire investor Carl Icahn has formally launched his previously announced tender offer to acquire all outstanding shares of Commercial Metals Co. (CMC), according to documents filed with the U.S. Securities and Exchange Commission.
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UK ferrous scrap prices for deliveries to mills were mixed in December, as the two dominant buyers used different tactics to conclude negotiations with merchants.
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Wide-flange beam producers could be poised to raise published prices following a substantial boost in a benchmark scrap price, although just how much that would push actual transaction tags up remains to be seen.
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The copper scrap market has stabilized and slowed this month as consumers look to wind down their inventories in December, market participants told AMM.
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European secondary aluminium ingot prices dipped on Friday as markets soured on the eurozone turmoil, while rising scrap prices pressured margins.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun increased to $433.26 per tonne on an HMS 1&2 (80:20) basis on December 9, up from $432.20 a day earlier.
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Prices for 18/8 stainless steel solid scrap increased this week because of higher London Metal Exchange three-month nickel prices and increased competition among merchants.
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While scrap prices have started rising again, thanks partly to seasonal factors limiting the raw material's availability, Japan may have come up with some of the world’s most expensive material.
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Elected officials have approved a request from a Virginia metals recycler to construct a marine terminal on the James River in Richmond.
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December prices for all ferrous scrap grades in the Chicago market have returned to levels last seen in October, with the prime grades especially outperforming other regional markets, sources said.
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French recycler Derichebourg SA benefited from increased shipments of scrap at higher selling prices, with revenue and net income rising for its fiscal year ended Sept. 30.
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The Aluminum Association has signed a memorandum of understanding with the Aluminium Association of India to promote cooperation on a number of sustainability, safety and data-collection issues, the trade group said Thursday.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was unchanged at $432.20 per tonne on an HMS 1&2 (80:20) basis on December 8.
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Scrap prices in the Cleveland and Pittsburgh markets have settled higher for December as mills and scrap providers conclude their monthly programs.