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The proposal to ban the use of cash for scrap metal purchases has been attacked by many that are still involved in the “door trade”, under which sellers may just turn up at the scrapyard gates with material to sell.
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Billionaire investor Carl Icahn has threatened to take matters "into (his) own hands" after his unsolicited bid for Commercial Metals Co. (CMC) went unanswered, according to an open letter addressed to the CMC board of directors.
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Weak demand from Turkey and China hit exports of shredded scrap in September, with monthly volumes down nearly 300,000 tonnes from the prior month.
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SmartWater Technologies is trying to bring accountability to the scrap industry in the UK in order to curb rising thefts throughout the UK through its risk management and crime prevention service
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U.S. Shredder & Castings Group has opened an office in Monterrey, Mexico.
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A Wisconsin scrapyard manager has been charged with stealing scrap metal and allegedly arranging for it to be sold at another scrapyard.
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A Schnitzer Northeast employee and a customer have been accused of stealing from the Concord, N.H., recycler over an eight-month period.
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AMM will discontinue Recycling Manager composite pricing effective Jan. 1.
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Avon Metals was once an example of a company whose scrap sourcing business could have been an easy target for those looking to turn stolen metal into cash.
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A private members’ bill tabled in the UK House of Commons last month will propose harsher sentencing for scrap metal thieves and make enforcement of the law easier, MP Graham Jones, who introduced the bill to the House, told Metal Bulletin.
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European secondary aluminium ingot prices fell on the low end on Friday, as a recovery in the primary aluminium price amid continuing economic turmoil produced a wide range of prices for concluded deals.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $425.77 per tonne on an HMS 1&2 (80:20) basis on December 2, up by 33 cents from the previous day.
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Prices for ferrous scrap imported into Spain were flat this week as mills took a step out of the market, after fulfilling their immediate needs last week.
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A six-month investigation of two Stephens County, Ga., metals recyclers came to a head Wednesday when 60 agents raided the operations and a county court indicted at least nine individuals.
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The December scrap dance has begun, with at least one major shredder said to be selling obsolete material $25 a gross ton higher this month, suggesting that recyclers selling into the domestic market may enjoy higher tags themselves when they come in to price.
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Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $425.44 per tonne on an HMS 1&2 (80:20) basis on December 1, unchanged from the previous day.
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Japanese scrap prices extended a recovery from multi-month lows after mills decided that the price collapse over the past two months has been overdone
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Ohio ferrous and nonferrous materials recycler Resource Metal Recycling has seen its customer base double each month since it opened its doors in June, it said.
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Investor Carl Icahn’s unsolicited offer to acquire Commercial Metals Co. (CMC) has divided industry analysts on whether other steel producers will see it as an opportunity to make competing offers.
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TMS International Corp. on Tuesday announced three new mill service contracts totaling more than $290 million, the duration of which varies from seven to nine years each.
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A UK mill has started its December ferrous scrap negotiations early, bidding for material at a discount to November prices as it looks to quickly fill its tonnage requirements.
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UK secondary aluminium prices remained flat on Wednesday November 30 as business slowed ahead of the year-end and producers began discussing contract business for 2012.
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Copper scrap exports lost steam in September as most Asian nations, including China, pared their buying from the previous month.
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U.S. stainless steel scrap exports rose in September to their second-highest level this year, driven by gains in exports to China and Spain.