Scrap

• Exide ordered to shut Calif. facility Apr 25, 2013

  Lead-acid battery maker Exide Technologies Inc. has been ordered to suspend operations at its Vernon, Calif., recycling facility following a company report that showed hazardous waste has degraded the facility’s underground pipes, releasing toxic metal-bearing water into the soil.

• US copper scrap discounts tightening Apr 25, 2013

  Copper scrap discounts tightened further April 24 as precipitous drops on Comex combined with uncertainty about future scrap supplies continue to support secondary prices.

• Cracks apparent in ‘Green Fence,’ shippers say Apr 24, 2013

  With China’s “Operation Green Fence” in full effect, domestic exporters of raw material—namely shredded aluminum scrap, commonly known as zorba—are searching for creative ways to cope with stepped-up supervision.

• Scrap export prices slip as Turkey returns Apr 24, 2013

  A two-cargo bulk sale of ferrous scrap from the United States to Turkey has set the stage for a fresh round of negotiations, with weaker scrap prices expected to spark the return of Turkish mills to the market.

• Tokyo Steel scrap buying prices fall again Apr 24, 2013

  Tokyo Steel Manufacturing Co. Ltd. has again cut its scrap purchasing prices in a weakening market.

• AMM steel awards finalists announced Apr 24, 2013

  Finalists drawn from the largest, most competitive pool of applicants ever nominated have been announced for AMM’s annual Awards for Steel Excellence.

• Michigan takes a new stab at tightening scrap laws Apr 24, 2013

  Michigan metal recyclers are facing a new round of proposed changes to existing scrap laws that could include a cash ban on some items.

• Mississippi River nears crest, but more rain is seen ahead Apr 23, 2013

  The U.S. Army Corps of Engineers’ daily river gauge report showed the Mississippi River reaching 34.8 feet at St. Louis on April 23, nearly 5 feet above flood stage, with forecasts calling for the river to reach 35.5 feet April 24 before falling again.

• Stainless scrap prices drop further Apr 23, 2013

  Stainless steel scrap prices have fallen further as London Metal Exchange nickel prices dropped below the $7-per-pound mark, and market participants doubt that demand will improve before the summer.

• Mill-grade aluminum scrap prices fall Apr 23, 2013

  Prices for mill-grade aluminum scrap fell April 22 due to a decline in tags on the London Metal Exchange.

• Dale’s Recycling expanding Tenn. scrapyard Apr 23, 2013

  Dale’s Recycling is working to expand its scrapyard in McKenzie, Tenn.

• Mo. recycler charged with receiving stolen property Apr 22, 2013

  The owner of Missouri recycler Complete Auto Recycling Services Inc. has been arrested and faces charges of knowingly receiving stolen property.

• Recycler sues BP over 2010 oil spill Apr 22, 2013

  LaRose Scrap & Salvage Inc. is suing BP Exploration & Production Inc. for failing to compensate the company for a financial setback it suffered as a result of the 2010 drill rig explosion and oil spill that polluted the Gulf Coast.

• China's steelmaking raw material imports mixed in March Apr 22, 2013

  China’s iron ore imports rose in March but coking coal and ferrous scrap imports dropped, according to Chinese customs data released April 22.

• UK shredded price premium said eroding Apr 19, 2013

  The price premium that British shredded scrap has long enjoyed over U.S. material is eroding due to Indian steel mills’ sporadic demand for shred, some market participants said.

• CMC Texas mill reinforces turnings specs Apr 19, 2013

  Commercial Metals Co. (CMC) has sent scrap suppliers servicing its mill in Seguin, Texas, a letter reinforcing specifications for machine shop turnings after issues emerged with contaminated supply.

• Ohio scrapyard executive faces tax evasion charges Apr 19, 2013

  The chief operating officer and part owner of Marion, Ohio-based recycler Sims Bros. Inc. has been accused of not paying nearly $900,000 in taxes on about $2.2 million in unreported income over a five-year period.

• Italy’s Danieli folding Iowa’s Riverside into recycling unit Apr 19, 2013

  Italian steel and engineering firm Danieli & C. Officine Meccaniche SpA has acquired Riverside Products Inc. from Sivyer Steel Corp.

• Asset Metal Recovery eyes Texas site for new yard Apr 19, 2013

  Asset Metal Recovery LLC wants to open a scrap processing plant in Italy, Texas, where it is based.

• Copper mine outage sparks shift to scrap Apr 18, 2013

  Domestic copper consumers that can use high-grade scrap are "scrambling" to find out about its availability in the wake of an outage at Kennecott Utah Copper’s Bingham Canyon Mine.

• Chicago flooding creates headaches Apr 18, 2013

  Torrential rains in and around Chicago caused highway closures and headaches for some area metals companies toward the end of this week, although most reported minimal lasting impact.

• Producers call for change as Nasaac tumbles Apr 18, 2013

  A decline in the price of the London Metal Exchange’s cash North American special aluminum alloy contract (Nasaac) has prompted some domestic alloy producers and die casters to once again re-evaluate the legitimacy of the contract, sources said.

• Outlook for steel hazy but brightening: SDI's Millett Apr 18, 2013

  While the steel market is clouded by uncertainty, positive indicators in construction and continued strength in automotive point to brighter prospects for the future, the top executive at Steel Dynamics Inc. (SDI) said.

• All eyes on US mart as Turks buy foreign scrap Apr 18, 2013

  Two Turkish steel mills bought three bulk scrap cargoes from Europe and Russia this week, turning the spotlight on the United States as the market awaits the next price level for U.S. scrap.