The World Metals Information Network
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Top Stories

Ferrous scrap stop, go said tied to auto woesMay 8Add to My Archive

Ferrous scrap prices took diverging paths this month, with industrial steel scrap climbing by more than $100 a ton while obsolete grades stalled at last month’s levels or inched up by a now-modest $10 a ton.

 
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Steel

 
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Nonferrous

Aluminum premium spread narrowsMay 8Add to My Archive

Midwest aluminum premiums have tightened to a range of 4.5 to 4.75 cents a pound from 4.5 to 5 cents previously amid light business, low scrap availability, a reluctance by market players to take on additional credit risk and high freight costs.

 
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Scrap

MMI merger hikes Sims Group revenueMay 8Add to My Archive

The merger of Sims Group Ltd. and Metal Management Inc. (MMI) has provided the company with a bounty of higher revenue, with sales for the nine months ended March 31 totaling more than Australian $4.4 billion ($4.2 billion), up 10.4 percent from the same period a year earlier.

 
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Other Stories

GM to resume production at Mo. plant; shift cut in Mich.May 8Add to My Archive

General Motors Corp., Detroit, plans to resume production Monday at its full-size van assembly facility in Wentzville, Mo., a company spokesman said.

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