Scrap RSS

  • China drives nonferrous scrap export fall Mar 11, 2014

    U.S. nonferrous scrap exports fell in January amid weaker demand from China, whose intake of most nonferrous scrap—namely copper and aluminum—declined compared with December.

  • Twitch prices decline on zorba glut Mar 11, 2014

    U.S. prices for high-grade twitch, or floated fragmentizer aluminum scrap, have fallen over the past week, with market participants saying that a recent uptick in the domestic supply of zorba, a lower-grade nonferrous auto shred used to make twitch, had “thrown the market into flux.”

  • Behr Iron & Metal worker killed Mar 11, 2014

    A worker at Behr Iron & Metal Co.’s South Beloit, Ill., auto shredding facility was killed after becoming trapped in a piece of machinery March 10, according to local reports.

  • W Silver expands into Mexico with new facility Mar 11, 2014

    W Silver Recycling Inc. has opened an operation in Apodaca, Mexico, the company’s first facility in the country, to handle increased business.

  • Midwest ferrous scrap prices slump in March Mar 10, 2014

    March ferrous scrap trading across the Midwest stayed true to last month’s anticipation that prime scrap prices would fall further than obsolete grade prices.

  • Aleris hurt by narrowing spreads in 4th qtr. Mar 10, 2014

    Narrowing scrap spreads have continued to negatively impact Aleris International Inc.’s North American rolled product margins, executives said, citing weak London Metal Exchange prices and historically high U.S. Midwest aluminum premiums.

  • Aluminum deox prices reach 8-month high Mar 07, 2014

    Prices for aluminum deoxidant, or deox, reached eight-month highs in February as a “scarcity of scrap,” coupled with “weather-related production issues,” caused prices to jump about 5 percent from the previous month, producers said.

  • Chicago scrap again falls on weak demand Mar 07, 2014

    Overall ferrous scrap demand in the Chicago region remained poor for the second straight month as two steel mills sought volumes significantly below their typical monthly averages.

  • E-waste bill is introduced in Senate Mar 07, 2014

    The introduction in the Senate of a controversial electronics recycling bill, designed to outlaw U.S. exports of certain electronics to developing countries, has drawn mixed reactions.

  • Secondary aluminum scrap prices up Mar 07, 2014

    Prices for secondary smelters’ aluminum scrap rose March 6, with sources noting that the market was being buoyed by a recent supply crimp that was largely caused by weather-related issues.

  • Review aims to quell Canada port row Mar 06, 2014

    Canadian authorities hope that an independent review will resolve labor issues that shut down activity at Port Metro Vancouver a week ago—including scrap exports—and restore shipments at the country’s largest port.

  • Scrap trade revs up, boosting sentiment Mar 06, 2014

    Ferrous scrap trading launched into full gear across the country March 6 as modestly improving sentiment brought more mill buyers into the market.

  • Ormet gets court approval for boiler plates sale Mar 06, 2014

    Ormet Corp. has received bankruptcy court approval to sell about 1,700 tonnes of boiler plates as steel scrap in a deal valued at $682,100.

  • Ferrous scrap trading off to shaky start Mar 05, 2014

    Ferrous scrap trading got off to a slow start March 5 after steel mills in several regions entered with bids that drew supplier interest on only some grades.

  • Old Bay Bridge scrap may turn into bed and breakfast Mar 05, 2014

    A section of the old San Francisco-Oakland Bay Bridge might be in line for a makeover, to a bed and breakfast.

  • Zorba export prices hit by weaker China yuan Mar 05, 2014

    U.S. export prices for nonferrous auto shred, or zorba, have fallen significantly over the past two weeks, with sources attributing the weakness largely to the declining value of the Chinese yuan against the U.S. dollar.

  • Armco reaches scrap supply deal with Mitsui Mar 05, 2014

    Armco Metals Holdings Inc. has reached a long-term steel scrap supply deal with Mitsui & Co. (Shanghai) Ltd., the metals recycler said in a statement March 5.

  • Deimler’s Recycling facing Conservit suit Mar 05, 2014

    A Hagerstown, Md., auto shredder is suing Deimler’s Recycling Inc. for allegedly failing to repay a loan as part of a scrap metal purchase agreement.

  • Tokyo Steel scrap buy prices near 7-month low Mar 05, 2014

    Tokyo Steel Manufacturing Co. Ltd. has further reduced its scrap buying prices for deliveries to its main Utsunomiya Works, putting tags at a nearly seven-month low.

  • Schnitzer to process segment of old Bay Bridge Mar 04, 2014

    The first contract for dismantling a section of the old San Francisco-Oakland Bay Bridge damaged in the 1989 Loma Prieta earthquake has been awarded, with the scrap to be processed by Schnitzer Steel Industries Inc.

  • March scrap market still waiting on price trends Mar 04, 2014

    Uncertainty on price direction prevailed across much of the United States as sporadic ferrous scrap trading did little to help markets narrow in on any firm trends for March.

  • Peru emerges as major scrap export destination Mar 04, 2014

    Peru and Indonesia were surprise entries in the list of top 10 trade routes for U.S. shredded scrap exports in 2013 in a list otherwise dominated by traditional importers like Turkey, China, South Korea and Taiwan.

  • Death suit vs. AL Solutions said going to trial Mar 04, 2014

    The estates of three workers killed in a December 2010 explosion at AL Solutions Inc.’s facility in West Virginia are pressing ahead with a wrongful-death lawsuit against the titanium and zirconium recycler.

  • Stainless scrap prices hold firm Mar 04, 2014

    Stainless steel scrap prices held steady this week despite what industry participants called a "dynamic" market driven by strong mill demand and unpredictable London Metal Exchange nickel prices.

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