Scrap

• Turkish ship scrap tags fall on lower offers for imports Dec 04, 2012

  Prices for ferrous scrap from Turkey’s domestic shipbreaking industry have fallen slightly, under pressure from declining offers for imported scrap.

• Ports strike has some Asian steel mills on alert Dec 03, 2012

  A number of inventory-lean steel mills in Asia are said to be bracing for a possible impact from the ongoing strike at the ports of Los Angeles and Long Beach in California.

• Bulk scrap exporters sit out after sale sinks tags Dec 03, 2012

  North American bulk ferrous scrap export prices nose-dived over the past week after a few sales from the East Coast to Turkey were concluded at significantly lower levels.

• ‘Problems’ plague scrap battery exports: RSR Dec 03, 2012

  RSR Corp. has praised a draft report on junk battery exports, saying that the Commission for Environmental Cooperation report "confirms there are serious problems with the export of scrap lead-acid batteries from the United States to Mexican secondary lead smelters."

• 'Cost-plus’ lead deals inked as talks continue Dec 03, 2012

  Lead market sources say that some 2013 contracts have been finalized using a "cost-plus" pricing model, although one trader is adamant that no major business has been done and says that producers and consumers are still "butting heads."

• Sims sells Arizona yards to SA Recycling Dec 03, 2012

  Sims Metal Management Ltd. has sold two scrap metal recycling operations in Arizona to SA Recycling LLC, the company announced over the weekend.

• Ohio recycler investigated for suspected tax evasion Dec 03, 2012

  An Ohio recycler and its related companies are under investigation by the Internal Revenue Service on suspicion of tax evasion and related activities, which culminated in a raid last month.

• MSR plans second Maine yard Dec 03, 2012

  MSR Recycling LLC has one more hurdle to jump in efforts to construct a feeder yard that it hopes to open by next spring.

• Calif. port strike has uneven effect on metals Nov 30, 2012

  A walkout by dock workers at the California ports of Los Angeles and Long Beach that entered its fourth day Friday is having an uneven impact on steel trade, with most imports arriving unimpeded but some disruption occurring in exports of containerized scrap.

• GM said still seeking Nasaac-based contract Nov 30, 2012

  General Motors Co. continues to pursue a 2013 contract that utilizes the North American special aluminum alloy contract (Nasaac) despite many alloy producers refusing to incorporate the contract into their pricing for next year, secondary aluminum sources told AMM.

• E. Coast ferrous scrap export prices lose steam Nov 30, 2012

  Weaker ferrous scrap tags and offers to Turkey and India have encouraged some East Coast exporters to drop buying prices at their yards, according to market participants, with others poised to follow.

• Worley Bros. eyes Ala. feeder yard Nov 30, 2012

  Worley Brothers Scrap Iron & Metal of Alabama LLC is seeking an operating license to have two adjacent parcels in Birmingham rezoned to allow the opening of a feeder yard on the site.

• Japan’s ferrous scrap export prices follow currency’s slide Nov 30, 2012

  Japanese scrap export prices started to fall in late November on the falling value of the yen and the rise of the South Korean won.

• Aluminum scrap, alloys prices get LME bump Nov 30, 2012

  Free-market aluminum scrap and alloy prices increased further Thursday with a rise in London Metal Exchange pricing as consumers look to optimize inventory levels moving into the holiday season.

• Scrap shortage squeezes Indonesian mills Nov 30, 2012

  Few Indonesian ferrous scrap consumers are willing to take the risk of buying overseas material again more than six months after a contamination scandal halted imports.

• Mervis opens Ind. scrapyard near Nucor mill Nov 29, 2012

  Mervis Industries Inc. has opened a 25-acre scrapyard in Crawfordsville, Ind., near steelmaker Nucor Corp.’s steel mill, with plans to open another yard in Urbana, Ill., next year.

• Calif. to review UBC program changes Nov 29, 2012

  The California Department of Resources Recycling and Recovery (CalRecycle) will review proposed changes to its used beverage container (UBC) recycling program in early 2013 aimed at preserving the program’s long-term solvency.

• Ferromet, Ferrotech assets head to auction Nov 29, 2012

  The assets of Ferromet Corp. and subsidiary Ferrotech Inc. are headed for the auction block after no buyer surfaced for the business as a whole.

• U.S. Shredder inks contract with Italy’s BBM Nov 29, 2012

  U.S. Shredder & Castings Group has entered a partnership with an Italian manufacturer as part of its strategy to expand its global footprint.

• Scrap export prices fall as Taiwan buyers wait Nov 29, 2012

  Ferrous scrap export prices on the West Coast are under pressure this week after several market participants reported a softening in offshore sales to some regions.

• Sims targets growing China scrap generation Nov 29, 2012

  Sims Metal Management Ltd. will capitalize on China’s scrap generation through its strategic partnership with recycler Chiho-Tiande Group Ltd.

• Weaver retires from Wise Metals Nov 29, 2012

  Wise Metals Group LLC’s Richard Weaver has retired as vice president of strategic planning and development after more than 30 years with the company.

• National metals theft bill ‘redundant,’ ISRI says Nov 28, 2012

  A bill proposed this week aimed at curbing metal thefts nationally will create "redundancy and confusion" by duplicating existing state-based laws, according to the Institute of Scrap Recycling Industries.

• OmniSource announces management changes Nov 28, 2012

  OmniSource Corp. has announced three senior management changes, including a new appointment at its Southeast operation.