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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $432.20 per tonne on an HMS 1&2 (80:20) basis on Wednesday, up from $429.23 on Tuesday
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Scrap sellers have upped their offer prices for containerised shipments on the back of increased demand for scrap from Turkey and other Asian markets, traders told Metal Bulletin.
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Israeli recycler Shaul Gueta is looking to expand its scrap-handling facilities with a new yard near the port of Ashdod, about 40km from Tel Aviv, the company’s import and export manager David Zoaretz told Metal Bulletin recently.
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Southeast Asian buyers are staying out of the scrap market as offers into the region rise for the second week.
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Ferrous scrap prices in St. Louis jumped $30 to $40 per gross ton Tuesday, following price trends previously set in Cincinnati and Detroit.
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Ferrous scrap prices for prime grades in Cincinnati for December settled up $30 a gross ton Monday. A story in the Dec. 6 edition incorrectly stated the increase.
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Ferrous scrap export tags pushed higher this week, with bulk shipments on both the East and West coasts indicating a $10- to $15-per-tonne rise since Monday last week.
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An employee of an Ohio company accused of submitting false reports on tests that he was hired to perform at an OmniSource Corp. facility is facing three years in prison after pleading guilty to one of the charges.
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A Maine recycler has received approval from its local planning board for the second time to install an auto shredder.
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Scrap company David J. Joseph Co. (DJJ) has expanded its nonferrous team in the West, the company said late Monday.
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Stena Metall Group has opened a new recycling facility in Lauingen, near Munich, that will recycle 360,000 refrigerators per year, the company said on Tuesday.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $429.23 per tonne on an HMS 1&2 (80:20) basis on December 6, up from $428.75 a day earlier.
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Ferrous scrap tags for December appear to be returning to earlier highs after market participants in Detroit and Cincinnati settled most domestic business for the month at back up near October levels.
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A businessman has been sentenced to 15 months in prison for offering to launder purported drug money through his scrap business.
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MP Graham Jones’ private member’s bill to tighten the UK legislation surrounding metal theft proposes six measures.
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The sheer variety of crimes that might be described as “metal theft” makes the enforcement of sanctions difficult.
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The Missouri Court of Appeals has sided with a St. Louis recycler that was forced to vacate her land to a redevelopment agency.
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Recyclers in Joliet, Ill., are optimistic they will be able to reach a compromise with elected officials over a proposed scrap metal ordinance that includes a 14-day tag-and-hold provision.
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Seven counties in Georgia have joined together to create a task force aimed at combating metals-related theft.
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Metal theft in the UK can only be stopped if the police crack down on the country’s unlicensed scrapyards, a large scrap metal merchant tells Metal Bulletin’s Barbara O’Donovan.
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Band of Brothers Recycling LLC has opened its second Oklahoma yard.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $428.75 per tonne on an HMS 1&2 (80:20) basis on December 5, up from $425.77 on December 2.
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The rise in metal prices in recent years has made metal recycling a more lucrative business now than it has ever been before. But metal theft has climbed too and larger volumes of stolen material are moving into the supply chain.
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As metal thefts rise in the UK, the police are stepping up efforts to find stolen material by raiding scrapyards. Here a scrap buyer tells Barbara O'Donovan what it is like to be raided.