Scrap

Bulk scrap export prices hit three-year low

Mon, 20 May 2013 21:27:00 GMT

U.S. East Coast bulk ferrous scrap export prices fell to a three-year low this past week as Turkish mill buyers continued to hammer down prices.

Former Sims employee seeks trial by jury

Mon, 20 May 2013 21:09:00 GMT

A former employee of Sims Group USA Corp. who filed a lawsuit against the company alleging wrongful termination, age discrimination, retaliation and conversion has asked for a jury trial.

Updated scrap bills heading to Mo. governor for approval

Mon, 20 May 2013 18:31:00 GMT

Missouri’s Senate has approved updated scrap metal legislation, which now heads to the desk of Gov. Jay Nixon for his signature.

China Armco’s 1st-qtr. sales fall 70.9%

Mon, 20 May 2013 16:31:00 GMT

China Armco Metals Inc.’s revenue took a hit in the first quarter as metal ore trading declined dramatically, although the company managed to narrow its net loss compared with the same year-ago period.

US scrap prices to India sink on slack demand

Fri, 17 May 2013 23:27:00 GMT

A near-standstill in demand for containerized ferrous scrap from India has sent U.S. containerized export prices to the country down significantly.

SoRec joins bid to revise PCB disposal permit

Fri, 17 May 2013 21:12:00 GMT

Southern Recycling LLC has joined several environmental groups in their efforts to revise a general permit that regulates the sinking of U.S. Navy vessels.

Arizona enacts two laws impaciting scrap metal recyclers

Fri, 17 May 2013 20:23:00 GMT

The governor of Arizona has signed into law two bills that will affect scrap metal recyclers.

Secondary aluminum alloy prices hold steady

Fri, 17 May 2013 19:08:00 GMT

Slowing demand and lower scrap prices could bring secondary aluminum alloy prices down in the coming weeks, according to market sources.

Acme Refining, SMS said in Chicago shredder venture

Fri, 17 May 2013 16:26:00 GMT

Rumors are swirling that Chicago might be getting a new shredded scrap player.

US bulk export tags to Turkey near 3-year low

Thu, 16 May 2013 22:22:00 GMT

U.S. bulk scrap export prices to Turkey dropped to a nearly three-year low Thursday as mill buyers continued to drive prices downward.

China outlines details of ‘Green Fence’

Thu, 16 May 2013 21:45:00 GMT

A document detailing various initiatives set forth in "Operation Green Fence" has been released by the Chinese government, offering the first official explanation of the nation’s increased enforcement and supervision on imports of raw materials.

Copper scrap discounts narrow on Comex drop

Thu, 16 May 2013 21:25:00 GMT

Most copper scrap grades saw discounts slip May 15 as market participants said that downward movement on Comex had caused spreads to tighten slightly.

Bill aims to stop DOE plan to lift ban on radioactive scrap

Thu, 16 May 2013 20:47:00 GMT

A congressman has introduced a bill that would block a U.S. Department of Energy (DOE) proposal to lift a ban on recycling radioactive metal.

PSC moves to get back on its feet, sets closures

Thu, 16 May 2013 19:51:00 GMT

PSC Metals Inc. plans to shutter half a dozen scrapyards and idle some shredding assets in the second quarter.

ISA swings to loss in 1st qtr. as stainless shipments slide

Thu, 16 May 2013 19:10:00 GMT

Industrial Services of America Inc. (ISA) posted a first-quarter net loss of $115,000 on a 43.6-percent drop in revenue to $34.8 million.

Scrap futures contract sees tonnage spike

Wed, 15 May 2013 21:06:00 GMT

The scrap futures market has enjoyed a sudden spike in tonnage, logging its strongest monthly performance since its launch.

Sims plans to write down $113.6 million

Wed, 15 May 2013 20:27:00 GMT

Sims Metal Management Ltd. expects to write down about Australian $115 million ($113.6 million) in its fiscal second half, the company said late May 14.

Schnitzer’s Pick-n-Pull to enter Rhode Island

Wed, 15 May 2013 18:49:00 GMT

Schnitzer Steel Industries Inc. subsidiary Pick-n-Pull plans to enter the Rhode Island market in the near future.

Owner of NC recycler arrested

Wed, 15 May 2013 17:54:00 GMT

The owner of North Carolina recycler Raleigh Metal Recycling is facing charges of allegedly violating a state secondary metals recycling law.

Brazil scrap exports stabilize as local demand improves

Wed, 15 May 2013 13:33:00 GMT

Brazilian ferrous scrap exports have stabilized in April compared with the same month last year following 12 consecutive monthly rises amid an improvement in the domestic long steel product market.

Mich. metals theft bill calls for more policing, registry

Tue, 14 May 2013 22:54:00 GMT

Legislators in Michigan have introduced three bills to the state House of Representatives aimed at combatting metals theft.

NC recyclers receive state grants to increase capacity

Tue, 14 May 2013 22:08:00 GMT

Six recyclers have been named recipients of North Carolina Recycling Business Assistance Center grants for 2013.

Stainless scrap consumer buying prices fall

Tue, 14 May 2013 21:20:00 GMT

Stainless scrap consumer buying prices have dropped amid low demand and reports of oversupply, although broker/processor prices rebounded slightly as terminal nickel markets jumped.

Twitch tags plummet on ‘Green Fence’ concerns

Tue, 14 May 2013 20:42:00 GMT

The price for twitch, a higher grade of shredded nonferrous automotive scrap, fell about 9 percent May 13 as market participants said China’s "Operation Green Fence" was creating an oversupply of raw material.

LME, Nadca to meet May 22 to discuss Nasaac

Tue, 14 May 2013 20:29:00 GMT

The London Metal Exchange and the North American Die Casting Association (Nadca) will meet May 22 to discuss Nadca’s concerns about the long-term viability of the Nasaac, Nadca president Daniel L. Twarog told AMM.

SMC plans yard to serve Miss. shredder

Tue, 14 May 2013 18:09:00 GMT

SMC Recycling Inc. plans to open a new feeder yard to support its Corinth, Miss., auto shredding facility.

Trader Jeff Allman exits Trafigura

Tue, 14 May 2013 17:33:00 GMT

Jeff Allman, a ferrous raw materials trader at Trafigura AG/NEMS (USA) Inc., is no longer with the company, a spokesman confirmed.

Quirke leaves OneSteel Recycling

Tue, 14 May 2013 17:26:00 GMT

Thomas Quirke, president of OneSteel Recycling Inc., has resigned effective May 14.

Okla. governor OKs new scrap rule

Mon, 13 May 2013 22:13:00 GMT

New scrap regulations that will take effect in Oklahoma later this year are being welcomed by metals recyclers in the state.

Ex-bookkeeper accused of stealing from NY scrapyard

Mon, 13 May 2013 21:19:00 GMT

A former office manager and bookkeeper for a New York recycler has been accused of embezzling more than $600,000 from the company.

Harsco bearish on near-term outlook

Mon, 13 May 2013 20:42:00 GMT

Harsco Corp. returned to profitability in the first quarter but expects to see revenue curbed by continued lower steel production volumes at the mills it serves.

Midwest Scrap Index falls 5 percent in May

Fri, 10 May 2013 21:45:00 GMT

Midwest ferrous scrap prices dropped about 5 percent in May as sellers had little room to prop up prices on cues of weak domestic and export demand.

Longtime S. Carolina recycler opens 3d site

Fri, 10 May 2013 20:14:00 GMT

Edward M. Sisk Inc. has opened its third metal recycling facility, marking a departure for the 67-year-old South Carolina company, which previously resisted expansion.

Government moves to keep $1.2M seized from Ohio scrapyard

Fri, 10 May 2013 19:56:00 GMT

Ohio Scrap Corp. is facing the permanent loss of $1.2 million seized in an Internal Revenue Service raid last November.

Aluminum alloy tags fall on looser scrap supply

Fri, 10 May 2013 18:34:00 GMT

Secondary aluminum alloy prices dipped May 9, with a slight loosening of scrap supply allowing producers to acquire raw materials at more attractive levels.

ISA restructures board as Kletter retires

Thu, 09 May 2013 23:06:00 GMT

Industrial Services of America Inc. (ISA) has changed its corporate governance structure and management following the retirement of its founder and chief executive officer Harry Kletter on May 7.

Turkey sends bulk export prices down again

Thu, 09 May 2013 22:30:00 GMT

U.S. bulk ferrous scrap export prices have fallen for the second time in as many weeks as mill buyers in Turkey continue to drive prices down amid weak demand.

Scrap flows, spreads hurt Aleris in 1st qtr.

Thu, 09 May 2013 22:15:00 GMT

Tight scrap flows and low spreads weighed on Aleris International Inc.’s first-quarter earnings, as weak prices on the London Metal Exchange continued to present significant challenges to near-term growth, company executives said on an earnings call May 9.

Metalico logs $1.2M loss in 1st qtr.

Thu, 09 May 2013 22:12:00 GMT

Metalico Inc. posted a net loss in the first quarter, due in part to overcapacity that has plagued the entire scrap metal industry, the company said.

India slaps new duties on scrap metal imports

Thu, 09 May 2013 21:48:00 GMT

The introduction of a new trade barrier on ferrous and nonferrous scrap metal by the Indian government has sparked outrage among U.S. exporters and Indian importers who expect volumes shipped to India to drop significantly as a result of the new fees.

Correction: TMK’s Oman pipe poised to arrive in US

Thu, 09 May 2013 20:57:00 GMT

Due to a reporting error, an article in the May 8 edition incorrectly identified the headquarters of TMK Ipsco. The domestic subsidiary of Russian steelmaker OAO TMK, is based in Houston.

Discounts for copper scrap widen in US

Thu, 09 May 2013 19:48:00 GMT

Most copper scrap discounts widened May 8 as market participants said that the secondary market was reacting to a recent recovery in Comex pricing.

Owner of Chicago yard faces new charges

Thu, 09 May 2013 16:01:00 GMT

The owner of a Chicago scrapyard where eight stolen school buses were found shredded has been slapped with a host of new charges.

Judge tosses TXCAT’s lawsuit against Phoenix

Wed, 08 May 2013 22:14:00 GMT

A judge has dismissed a lawsuit against Phoenix Group Metals LLC after determining the plaintiff failed to prove it had incurred a loss as a result of the alleged actions, Phoenix Group Metals said in a statement.

Nations deny e-cycling policy change

Wed, 08 May 2013 22:10:00 GMT

Developing nations have successfully fought off certain Basel Convention policy changes aimed at regulating shipments of electronic recycling products to their countries.

Container scrap prices slide as Taiwan retreats

Wed, 08 May 2013 21:42:00 GMT

West Coast export prices for containerized ferrous scrap have retreated to late-April levels following the end of a brief demand spike from Taiwan.

Scrap lead battery prices decline

Wed, 08 May 2013 21:08:00 GMT

Prices for whole junk batteries fell May 7 as weakening terminal markets and improved scrap flows led to a 2-cent-per-pound decline, sources said.

Export Global Metals sues supplier over copper yield

Wed, 08 May 2013 20:48:00 GMT

Export Global Metals Inc. is suing Memking Recycling Group LLC and Components & More Inc., both of Carrollton, Texas, for alleged breach of contract over the quality of shipments of computer cables to China.

China's copper imports fall in April

Wed, 08 May 2013 18:01:00 GMT

Chinese copper imports fell 27.2 percent year on year and 7.4 percent month on month in April as open arbitrage failed to draw in enough shipments.

Ohio tops metal theft claims list: NICB

Tue, 07 May 2013 21:47:00 GMT

The state of Ohio continues to top the National Insurance Crime Bureau (NICB) list of metal theft claims, while copper remains by far the material most often reported stolen.

China ports said overreacting on scrap rules

Tue, 07 May 2013 21:39:00 GMT

China’s push to enforce rules on imports of certain recycled and waste products is focusing primarily on trade activities at major coastal ports and the provinces of Anhui, Hubei, Hunan and Jiangzi, according to an industry group.

Arca returns to profitability despite sales dip

Tue, 07 May 2013 21:38:00 GMT

Appliance Recycling Centers of America Inc. (Arca) returned to profitability in the first quarter, citing the replacement of white goods by consumers as a driving force.

Zorba glut causes concern for US scrap market

Tue, 07 May 2013 19:59:00 GMT

China’s “Operation Green Fence,” which has stepped up enforcement of restrictions on raw material imports, has caused an oversupply of shredded aluminum scrap in the United States, sources told AMM.

Camden Iron & Metal sues former site owners

Mon, 06 May 2013 21:12:00 GMT

Camden Iron & Metal Inc. is suing the former owners of its scrapyard in Albany County, N.Y., in an effort to force them to pay for environmental remediation efforts at the site.

Oregon recycler Metal Movers faces environmental fines

Mon, 06 May 2013 20:55:00 GMT

The Oregon Department of Environmental Quality said it has fined Metal Movers LLC more than $17,000 for alleged environmental violations at its metals recycling facility in Helix.

WSD unit, Nasdaq plan futures partnership

Mon, 06 May 2013 19:53:00 GMT

Plans are under way to launch a family of finished steel and scrap metal futures products in the United States this year to provide buyers and sellers along the steel supply chain another set of tools to help manage price volatility.

PSC Metals posts another 1st-qtr. loss

Mon, 06 May 2013 17:05:00 GMT

PSC Metals Inc. continues its struggle to return to profitability, chalking up another first-quarter loss amid weaker ferrous shipments and selling prices.

Chicago scrap drops after speedy May talks

Fri, 03 May 2013 23:06:00 GMT

Steel mills and their suppliers spent little time negotiating scrap prices in Chicago and Indiana this past week as both sides agreed to follow a mostly down-$20-per-gross-ton trend set a few days earlier in Detroit.

Steel prices fall before scrap in ‘curious’ move

Fri, 03 May 2013 22:09:00 GMT

Some domestic steel mills may be considering moving away from using scrap-based raw material surcharges as a component in their finished steel pricing as recent volatility in scrap prices erodes suppliers’ pricing power, sources familiar with the situation said.

Aluminum scrap down on LME drop

Fri, 03 May 2013 20:18:00 GMT

Prices for secondary aluminum smelter-grade scrap maintained their slide May 2, with sources telling AMM that buyers continue to test the lower levels of the market.

Deox prices fall in April amid fierce competition in market

Fri, 03 May 2013 19:04:00 GMT

Prices for deoxidized aluminum weakened slightly in April as intense price competition brought the overall market down, producers said.

Mills achieve $20 fall in early May scrap trades

Thu, 02 May 2013 22:44:00 GMT

Midwest ferrous scrap trading kicked off in earnest May 2 in such key regions as Chicago and St. Louis, with prices closely following downward trends established a day earlier in nearby Detroit.

Copper scrap market wary on Comex swings

Thu, 02 May 2013 22:02:00 GMT

Copper scrap discounts continued to tighten May 1 as market participants grappled with wide fluctuations on Comex that one trader said are not "necessarily reflective of actual supply and demand figures."

Scrap aluminum wheel prices fall

Thu, 02 May 2013 21:03:00 GMT

Prices for scrap aluminum wheels have fallen slightly since last month as demand from producers of 356.1 alloy has weakened, according to market sources.

UK stainless scrap prices decrease

Thu, 02 May 2013 20:50:00 GMT

Stainless steel scrap prices continued to fall in the United Kingdom last week on the back of declining demand and falling nickel prices.

Novelis offers high-recycled-content aluminum sheet

Thu, 02 May 2013 17:10:00 GMT

Novelis Inc.’s new high-recycled-content aluminum sheet product for the beverage can market is commercially available in North America and Europe, and will be accessible worldwide later in 2013, the company said May 2.

N. Dakota legislature enacts new scrap regulations early

Thu, 02 May 2013 13:18:00 GMT

New laws aimed at stemming metals theft in North Dakota are now in effect, putting a cap on cash payments and requiring recyclers to boost their record-keeping.

Detroit scrap prices decline $20/ton

Wed, 01 May 2013 23:10:00 GMT

Steel mills in Detroit were once again the first out of the gate this month with scrap price bids that met earlier speculation of a down market.

18 accused of copper theft scheme

Wed, 01 May 2013 21:28:00 GMT

Eighteen people have been indicted for their alleged involvement in a multimillion-dollar copper theft ring.

Correction: US remains top ferrous scrap exporter

Wed, 01 May 2013 20:30:00 GMT

Due to an editing error, an April 30 article misstated European ferrous scrap exports. A quarterly report released this week by the Bureau of International Recycling showed that U.S. exporters shipped nearly 21.4 million tonnes of ferrous scrap in 2012, or about 2 million tonnes more than the cumulative total exported by 27 European Union countries.

Scrapyard workers accused of buying stolen catalytic converters

Wed, 01 May 2013 18:31:00 GMT

An Alabama scrapyard employee has been accused of purchasing more than 1,000 stolen catalytic converters from a single seller.

Elgin opens sixth recycling facility

Wed, 01 May 2013 15:49:00 GMT

Elgin Recycling has opened a sixth location, in Arlington Heights, Ill.

Aluminum scrap prices fall on weak LME

Wed, 01 May 2013 15:19:00 GMT

Most secondary aluminum smelter-grade scrap prices fell this week, with sources telling AMM that prices continued to show strong correlation to weakening terminal markets.

Die casters question Nasaac’s effectiveness

Tue, 30 Apr 2013 22:59:00 GMT

The North American Die Casting Association (Nadca) has filed a letter of complaint with the London Metal Exchange calling for immediate changes to the North American special aluminum alloy contract (Nasaac).

Pull-A-Part seeks to open 2d Ky. facility

Tue, 30 Apr 2013 21:28:00 GMT

Pull-A-Part LLC is planning to open its second facility in Kentucky.

Ferrous scrap export prices to India decline

Tue, 30 Apr 2013 20:38:00 GMT

U.S. export prices for containerized ferrous scrap delivered to India dropped over the past four trading days on poor demand and reports of two bulk sales from Australia to different Indian ports.

US remains top ferrous scrap exporter

Tue, 30 Apr 2013 20:02:00 GMT

The U.S. continued its reign as the world’s largest exporter of ferrous scrap last year despite a drop in volumes shipped overseas.

Letter to the Editor: Proposed scrap laws ‘more cosmetic than effective’

Tue, 30 Apr 2013 14:53:00 GMT

In an April 24 article on bills recently introduced by Rep. Rashida H. Tlaib in the Michigan House of Representatives, an unnamed recycler said that scrapyards were comfortable with the proposals. While the unnamed source may have been positive about Tlaib’s work product, that is not the opinion of the Michigan Institute of Scrap Recycling Industries’ Executive Committee.

Zorba export prices flat amid China’s ‘Green Fence’ challenges

Mon, 29 Apr 2013 21:45:00 GMT

Export prices for shredded aluminum scrap, known as zorba, have remained essentially flat since the beginning of April, with shippers increasingly seeking new ways to meet stepped-up restrictions on imports in northern China, sources say.

USS lockout could put pressure on scrap

Mon, 29 Apr 2013 20:34:00 GMT

The lockout of unionized workers at U.S. Steel Corp.’s Lake Erie Works will put further pressure on the Ontario ferrous scrap market and could have a trickle-down effect on other major scrap regions, according to market participants.

Scrap export prices fall as sellers cede ground

Mon, 29 Apr 2013 19:43:00 GMT

U.S. bulk ferrous scrap export prices have dropped significantly as exporters accepted lower bids to secure sales this past week.

Aluminum scrap bumps up on LME rise

Fri, 26 Apr 2013 21:31:00 GMT

Prices for mill-grade aluminum scrap rose April 25 as market participants said that strengthening terminal markets were serving to bolster secondary tags.

Taiwan lifts container scrap buying prices

Fri, 26 Apr 2013 21:19:00 GMT

West Coast export prices for containerized ferrous scrap are on a gradual incline due to a renewed uptick in demand from Taiwan.

Bremen aims to supply firearms industry

Fri, 26 Apr 2013 21:15:00 GMT

An Indiana foundry has launched a new casting aimed at expanding its product mix to cater to the firearms industry.

Early deals signal May scrap price direction

Fri, 26 Apr 2013 20:38:00 GMT

A Northeast scrap dealer says he has sold more than 30,000 tons of shredded automotive scrap to two different brokers who also function as exclusive buying agents for two different steel producers, providing one of the first indications of May price direction.

Fort Worth recycler files for bankruptcy

Fri, 26 Apr 2013 18:52:00 GMT

Fort Worth, Texas-based scrap metal recycler Industrial Scrap Materials Inc. has filed for Chapter 11 bankruptcy protection.

Xstrata joins push for e-cycling legislation

Fri, 26 Apr 2013 18:50:00 GMT

The Coalition for American Electronics Recycling (CAER) has received a boost in its efforts to reintroduce electronics recycling legislation: Xstrata Copper joined its ranks this past week.

Stiffer federal penalties said needed to fight copper theft

Fri, 26 Apr 2013 17:56:00 GMT

Tougher federal penalties are needed to really make a difference in the fight against copper theft, those involved in tracking and investigating metals losses said.

Schnitzer’s Pick-n-Pull opens second location in Calgary

Fri, 26 Apr 2013 16:04:00 GMT

Schnitzer Steel Industries Inc. subsidiary Pick-n-Pull has opened its second location in Calgary, Alberta.

Mo. recycler moving to larger site

Fri, 26 Apr 2013 15:19:00 GMT

A Missouri recycler plans to move to a larger site this summer, having outgrown its facility after just one year in business.

Minn. scrap business name filed

Fri, 26 Apr 2013 15:12:00 GMT

Steve J. Tronson has filed Crow Metal Recycling as an assumed business name in Minnesota.

TMS earnings soar in 1st qtr.; outlook cautiously optimistic

Thu, 25 Apr 2013 22:40:00 GMT

TMS International Corp. says its customers are benefiting from improved demand for automotive steel and that a rebound in construction could be on the horizon.

Ferrous scrap prices said set to drop again

Thu, 25 Apr 2013 22:18:00 GMT

A struggling ferrous scrap export market and weakness in several finished steel product segments have led many to speculate that the domestic scrap market will be weaker in May.

Va. recycler buys NC shredder

Thu, 25 Apr 2013 22:09:00 GMT

Liverman’s Metal Recycling Inc. has quietly sold its auto shredder to Empire Metal Corp. for an undisclosed sum.

Ferrous scrap sale to Turkey sets market tone

Thu, 25 Apr 2013 21:39:00 GMT

A bulk cargo sale of ferrous scrap to Turkey out of the Gulf Coast has provided the market with a clearer vision of upcoming negotiations as more Turkish steel mills enter the market to acquire material.

Exide ordered to shut Calif. facility

Thu, 25 Apr 2013 21:22:00 GMT

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

Thu, 25 Apr 2013 19:24:00 GMT

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

Wed, 24 Apr 2013 22:24:00 GMT

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

Wed, 24 Apr 2013 21:22:00 GMT

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

Wed, 24 Apr 2013 19:26:00 GMT

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