Scrap

  • Rexam global can volumes increase 3% in 3d qtr. Nov 15, 2013

    Can maker Rexam Plc said third-quarter global beverage can volumes rose 3 percent, aided by improved growth in western Europe partially offset by weakness in Russia and a difficult trading environment in Egypt and Turkey.

  • Turkish scrap buying cooperative seen unlikely Nov 14, 2013

    A push by steel mills in Turkey’s largest steel-producing region to form a single agency to procure scrap for every mill there is unlikely to be successful, many scrap exporters said.

  • Consolidation can boost Sims’ position: Claro Nov 14, 2013

    Sims Metal Management Ltd. can better integrate its operations across geographies and business units, new chief executive officer and managing director Galdino Claro said at the company’s annual general meeting this week.

  • Copper scrap market said hard to gauge Nov 14, 2013

    Discounts for most grades of copper scrap fluctuated Nov. 13 as buyers and sellers said recent drops in primary metal prices were making spreads very "difficult to gauge" and the overall market "very tough to call."

  • Scrap futures stagnant as market shows little interest Nov 14, 2013

    The scrap futures market registered no trading activity for a third consecutive month, with the recent inflation of prices unable to draw potential players off the sidelines.

  • Brazil ferrous scrap exports get boost from Asia in Oct. Nov 14, 2013

    Brazil’s ferrous scrap exports rose year on year in October on higher demand from Asian countries.

  • CMA asset sale to Scholz under scrutiny Nov 13, 2013

    Administrators overseeing the bankruptcy of an Australian metals recycler have questioned its sale of two U.S. facilities in July, claiming they were overvalued.

  • Bulk ferrous scrap export prices to Turkey sink Nov 13, 2013

    U.S. bulk ferrous scrap export prices to Turkey have fallen by around $5 per tonne as two scrap exporters bowed to heavy pressure from their largest customer.

  • Zorba export prices down on oversupply Nov 13, 2013

    U.S. export prices for zorba, a nonferrous auto shred, have fallen over the past two weeks in an oversupplied market.

  • OmniSource sues processor following fire Nov 13, 2013

    OmniSource Corp. is suing a contractor for allegedly causing more than $100,000 in damage in a fire at one of its North Carolina scrap metal recycling facilities.

  • Low-price titanium scrap slows sponge imports Nov 13, 2013

    Titanium sponge imports have plummeted this year, underscoring the rising role of scrap in the U.S. titanium melt.

  • Stainless scrap broker prices trending down Nov 12, 2013

    Stainless steel scrap broker/processor buying prices have fallen amid declining London Metal Exchange nickel tags, reversing a trend that had seen 300-grade material increase throughout October.

  • Turkey turns to Europe as US resists low scrap bids Nov 12, 2013

    U.S. bulk ferrous scrap exporters’ resistance to lower price bids from Turkey and a stronger dollar resulted in a flurry of deals booked out of Europe this week.

  • OSHA proposes rule change to track injuries Nov 12, 2013

    The Occupational Safety and Health Administration (OSHA) has issued a proposed rule change intended to improve workplace safety and health through stepped-up tracking of injuries and illnesses.

  • Metalico deeper in red; foresees rebound Nov 12, 2013

    Metalico Inc. fell deeper into the red in the third quarter due primarily to a non-cash impairment charge in its scrap metal recycling segment, but expects scrap demand to rebound in the coming months.

  • Wiseman returns to industry, joins Dixon scrap brokerage Nov 12, 2013

    James Wiseman is returning to the scrap metals industry, less than two weeks after announcing his retirement from Industrial Services of America Inc. (ISA).

  • Midwest ferrous scrap prices hit 18-month high Nov 11, 2013

    Ferrous scrap prices in the Midwest soared to their highest levels since May 2012 as supply concerns caused buyers to accept sellers’ terms this month.

  • Stainless steel scrap consumer prices rise Nov 11, 2013

    Stainless steel scrap prices have risen in November following a relatively strong month for nickel, with traders noting a slightly improved appetite for material.

  • Aluminum wheel prices slip amid weak demand Nov 11, 2013

    Scrap aluminum wheel prices continued to fall this week due to weakening terminal markets coupled with lower demand.

  • Harsco results hurt by infrastructure division loss Nov 11, 2013

    The metals industry is experiencing a slight improvement in demand with no foreseen headwinds, Harsco Corp. executives said during a conference call to discuss the company’s third-quarter results.

  • Recycling segment bolsters Arca’s net income Nov 11, 2013

    Appliance Recycling Centers of America Inc.’s (Arca’s) third-quarter earnings received a boost from improved margins and a reduction in operating expenses.

  • ISRI slams NY plans for daily record keeping Nov 11, 2013

    The Institute of Scrap Recycling Industries (ISRI) has slammed a proposed change to New York City’s scrap purchasing laws that would require recyclers to upload electronic records for all scrap purchases on a "real-time" basis.

  • West Coast exporters seek higher scrap prices Nov 08, 2013

    West Coast exporters of containerized ferrous scrap are pushing for price increases into Taiwan and other Southeast Asian countries following a week dominated by stronger domestic sales.

  • AIM to buy OneSteel Recycling’s Maine assets Nov 08, 2013

    American Iron & Metal Co. Inc. (AIM) is acquiring OneSteel Recycling Inc.’s operations in Maine, AMM has learned.

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