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Scrap Metal News

Latest scrap metal and recycling industry news.

Thursday, 31 July 2008
 

Cold-finished steel bars jump 7% to $1478


That’s up 7% from a revised $1385 in June and 76% more expensive than a year-ago July, reflecting recent scrap-cost increases. Purchasing magazine’s market ...
purchasing.com

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Hulk prices rise incredibly


... to Puget Sound scrap processors. Lois Young, who is in charge of marketing and recycling services at Skagit River Steel and Recycling in Burlington, ...
pnwlocalnews.com

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Allentown theft is a steel


DiMenichi said the materials could be sold for scrap or possibly to another fabricating shop because the steel tubes are worth about $24 a foot. ...
mcall.com

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Teck Cominco Coals Up


... prices soaring over 50.0% since April 1 and scrap metal and other raw material costs skyrocketing, it’s no wonder that miners and international steel ...
forbes.com

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UPDATE 1-Xstrata H1 copper, nickel output off, sees strong H2


This would result from higher grades at several copper and nickel mines, the resolution of one-off operational issues and new production from recently ...
uk.reuters.com

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Vulcan Minerals Inc.: Tasisuak Lake Drilling Commences


(Nortec) that drilling has commenced on the TL - Tasisuak Lake nickel-copper-cobalt property in Northern Labrador. The property is situated along a regional ...
foxbusiness.com

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Currency, supply woes cut Shanghai copper prices


... Nickel 18320.00 270.00 +1.50 26350.00 -30.47 LME Lead 2235.00 -35.00 -1.54 2550.00 -12.35 LME/Shanghai arb^ 2433 ** 1st contract month for COMEX copper ...
forbes.com

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Xstrata's H1 FeCr output up, copper and nickel down [UPDATE]


Xstrata posted record first-half ferro-chrome and lead output but production fell for contained copper, contained nickel and zinc. First-half ferro-chrome ...
metalbulletin.com

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D'Aguilar Gold Limited (ASX:DGR) High Grade Cobalt - Nickel ...


It is believed that this oxide mineralisation represents a part of the same system as the recently announced Pembroke nickel cobalt copper gold sulphide ...
abnnewswire.net

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Nuinsco Resources Limited Completes $1.09 Million Flow-Through ...


In addition to its property holdings, Nuinsco owns approximately 22% of the outstanding common shares of Victory Nickel Inc. (TSX:NI), approximately 13% of ...
foxbusiness.com

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People Cashing In By Selling Scrap Metal


People such as Tina Eckenrod go through people's garbage to get scrap metal. She makes a living off the junk. "Everyday," she said. ...
wftv.com

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Teens accused in theft of scrap metal


Four teenagers - including a juvenile - are accused of trying to steal scrap metal from a business in the Latimer community near Ocean ...
sunherald.com

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Police say Fort Pierce man stole high school bleachers for scrap metal


On Tuesday, a Fort Pierce man chopped a section of the 20-foot by 6-foot aluminum seating to mince meat in a ploy to sell it for scrap metal, according to ...
tcpalm.com

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Stay Out Of The Dumpster


This includes everything from scrap metal and cardboard to your everyday garbage such as aluminum cans, paper and household cardboard. ...
mayportmirror.com

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Third suspect arrested in State Fair copper theft


The transaction was captured on camera as part of a new law that requires recyclers to track the sale of all scrap metal.The video showed Melco making the ...
startribune.com

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Two caught stealing scrap metal from road construction site ...


Two people were caught stealing scrap metal from a road construction site Tuesday evening in the 1500 block of Lotus Lane, according to a Lufkin Police ...
lufkindailynews.com

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Scrap metal facility scrapped


After meeting opposition from residents and Southaven officials, a scrap metal recycling facility will not be locating along ...
desototimes.com

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Thief tries new form of recycling


Workers at a Newport scrap yard early this morning caught a man taking scrap metal
from the ...
news.cincinnati.com

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Ship carrying scrap metal prevented from sinking due to rift


The ship was carrying scrap metal and the rift was most likely caused when its hull grazed a sunken metal crane, due to the weight of its cargo.
express.gr

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Ship carrying scrap metal prevented from sinking due to rift


The ship was carrying scrap metal and the rift was most likely caused when its hull grazed a sunken metal crane, due to the weight of its cargo.
express.gr

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Man Tries To Sell Light Pole For Scrap Metal


Miami police said the man balanced the steel pole to the top of a van and drove it to a recycling plant in Miami in an attempt to sell it for scrap metal. ...
nbc6.net

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Wednesday, 30 July 2008
 

United States Steel Corp. Q2 2008 Earnings Call


European end markets remained stable as modern imports and good demand coupled with the surge in global raw materials costs helped drive spot steel prices ...
seekingalpha.com

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Business Highlights


When combined with the soaring cost of scrap metal, iron ore and other raw materials, mining interests such as Teck Cominco and international steel ...
forbes.com

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Les Schwab Tire Centers to Phase-Out Lead Wheel Weights


Les Schwab also recycles wheel weights and scrap steel. "Washington state applauds this type of corporate leadership to protect our environment, ...
marketwatch.com

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Economic slowdown to take its toll on base metals


The outlook for base metals — copper, zinc and nickel — for the quarter leading up to September is expected to be bearish according to analysts. ...
economictimes.indiatimes.com

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Nevoro Acquires Sheffield Resources Ltd.


We now have two advanced-stage properties - the Stillwater chromite and nickel-copper-cobalt property in Montana plus the Moonlight copper property in ...
marketwatch.com

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Copper eases on stronger dollar, slowing demand


Nickel closed at $18050 a tonne, down from $18750, with analysts pointing to slowing demand from stainless steel producers. The metal earlier declined 3.3 ...
forbes.com

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Base Metals: Halftime Update


Perception often dominates markets (particularly volatile ones like nickel and copper), and with the eyes of the world firmly fixed on the Beijing Olympics ...
istockanalyst.com

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Lawsuit makes civil rights, ethnic intimidation claims against ...


Farrell and his two sons, Henderson and Phillips, "conspired to hide and wait in bushes" nearby to try to catch whoever returned for the scrap metal, ...
blog.mlive.com

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Police nab pair trying to steal mausoleum gates


Officers responded and arrested a man and a woman at the scene and found scrap metal in their truck, Kilcullen said. Police had not yet charged the two, ...
dailygazette.com

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Christchurch thieves target metal to sell for scrap


Scrap metal is becoming big business for Christchurch thieves as they target business and domestic premises, according to Detective Sergeant Don Fisher, ...
odt.co.nz

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Thieves in Finland set eyes on scrap metal -paper


Scrap metal is of increasing interest to criminals, reported Finnish provincial daily Karjalainen in its Tuesday edition. Police records reveal that 90 ...
newsroom.finland.fi

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Scrap metal problems in Chickasaw


It didn't take long for Crawford to realize the scrap metal that was damaging his cars was falling from trucks headed to and from the Alter Metal Recycling ...
myfoxgulfcoast.com

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Scrap Metal Thefts Concern ChCh Police


Meetings with scrap merchants are scheduled so they and police can work more closely and effectively together. "We are working very closely with scrap metal ...
scoop.co.nz

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Victorian triumphs which turn to scrap metal


As with most objects in Britain that inspire outpourings of slightly irrational affection, we owe our seaside piers largely to the Victorians....
timesonline.co.uk

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Tuesday, 29 July 2008
 

Tokyo Steel Shares Slump After Profit Drops 94% on Higher Costs


Tokyo Steel has raised H-beam prices by 60 percent since January compared with a more than 70 percent jump in scrap, which gained on increased demand from ...
bloomberg.com

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Mechel: the importance of being healthy. Putin’s criticism sends ...


He also called for ending criminality in scrap iron and steel trading. Scrap exports entail all sorts of “gray” schemes, and one-day dummy companies to ...
interfax.com

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No bids for state's aging Steel Electric ferries


Ironically, an earlier report for the state ferries found that the four boats could be sold as scrap metal for about $450000 each.
seattletimes.nwsource.com

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STEEL PRICES RISE!


Scrap prices in the UK have risen by 75% since March 2008 - so don’t throw your scrap away, sell it! Once these raw material cost increases are taken in ...
wnibi.com

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(AMM) Taiwan drives 4% gain in May stainless scrap exports


US exports of stainless steel scrap rose a little more than 4 percent in May compared with the previous month, led by a huge spike in shipments to Taiwan. ...
metalbulletin.com

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Wanted dead or alive: $crap metal


With scrap steel prices now ranging from 7 to 12 cents per pound, and an average pickup load worth almost $100, thieves are also trying to cash in....
temple-telegram.com

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Perwaja to be the largest upstream steel miller


HwangDBS Vickers Research, which has a fair value of RM5 on Perwaja, said the steel group stood to benefit from higher global steel prices and strong demand ...
biz.thestar.com.my

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Steel Product Prices May Be Raised Again


... Muneoka indicated Monday there may be additional hikes in steel product prices, due to expanding costs. Soaring prices of iron ore, crude oil and scrap ...
japancorp.net

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Universal Stainless & Alloy Products Inc. Q2 2008 Earnings Call ...


Reliance Steel confirmed this impact of lower nickel prices on their investor call last week, and we're hearing the same from some of our other customers. ...
seekingalpha.com

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Metals - Copper up but summer slowdown, rising stock cap gains


Elsewhere on the LME, aluminium was higher at $2978 per tonne from $2969, nickel rose to $18499 per tonne from $18450, zinc was up at $1860 per tonne from ...
forbes.com

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Seasonally weak demand caps copper, lead up 5.0 pct


Nickel closed at $18750 a tonne from $18450. Prices have dropped 29 percent this year on declining demand from stainless steel producers, the main users of ...
forbes.com

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India copper up slightly, but demand concerns weigh


"We are bearish on all the base metals because of lack of demand," Vaid said. Nickel stocks in LME warehouses rose 978 tonnes to 44358 tonnes on Monday. ...
in.reuters.com

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Metals prices up on weaker dollar


After early declines, September copper had added 1 cent to $3.61 per pound in New York at last report, while three-month copper was up $39 to $7995 per ...
metalmarkets.org.uk

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Kenya bans scrap metal export to establish


Business Daily reported that the recent ban of scrap metal exports could offer a lifeline to the Nyayo Motor Corporation, the maker of Pioneer cars in the ...
steelguru.com

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Two men sent to Niagara County Jail after allegedly stealing scrap ...


State police say 29-year old Thomas Yarger of Lockport and 22-year old Thomas Letcher of Newfane stole various types of scrap metal from a Lockport property ...
wivb.com

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Small dent in metal theft


Scrap metal dealers have been fined almost HUF 10 million (EUR 42850) following a nationwide blitz on traders in scrap non-ferrous metal. ...
budapesttimes.hu

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Road sign thieves caught red handed


The thieves arrived in a lorry at the depot in Clydach and were caught on recently-installed CCTV loading large amounts of scrap metal. ...
newswales.co.uk

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Light-fingered thieves make off with office's chandelier


Police said the theft from Albyn Place is the latest example of criminals looking to cash in on the soaring price of scrap metal. ...
news.scotsman.com

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Danville police seeing metal thefts rise with scrap prices


The price of scrap metal has climbed since then, making air-conditioning units a hot commodity for thieves who either steal the whole unit or strip out the ...
news-gazette.com

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Full metal racket


Suspicious visitors are increasingly common at scrap-metal yards across the country. This summer, Canada's commodity scavengers have pulled plaques and ...
theglobeandmail.com

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Editorial: Growing metal thefts require serious response


The new rules proposed in Berryhill's bill will impose a costly recordkeeping burden on scrap metal dealers, but it's more than justified....
sacbee.com

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Interpipe acquires 95.95% of Dnepropetrovsk


It is reported that Interpipe Groupr has acquired 95.95% of the shares of OJSC Dnepropetrovsk Vtormet, one of the largest scrap metal processing plants in ...
steelguru.com

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Monday, 28 July 2008
 

Police Search For Steel Scoundrels


At the "Artisan Rich Iron" building on Northeast 133rd Street, they loaded four solid steel sheets into the back of the truck. Each sheet weighs 500 pounds ...
cbs4.com

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US players see lower scrap pricing for


He said that "I agree with Busse referring to comments made Monday by Mr Keith Busse CEO of Steel Dynamics, that obsolete scrap prices for August delivery ...
steelguru.com

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Japan's Kobe Steel, others adjust pricing practices - report


Sanyo Special Steel Co. plans to tie prices to the cost of scrap iron, a key material in its products, the report said. Plant construction firms such as JGC ...
tradingmarkets.com

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Production ramps up


Much of the price increase is because the price of steel scrap, the primary material used to make the beams, has increased nearly fourfold since 2002, ...
journalgazette.net

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Nickel heads for biggest weekly drop since March as demand sags


Copper and aluminum increased. Jinchuan Group Co., Asia’s biggest nickel producer, cut prices by 11 percent. Acerinox SA, the world’s largest ...
tehrantimes.com

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Nickel miner gets licence to drill Bluebush


Production of nickel and cobalt product is scheduled for the second half of August. Production of copper cathode is scheduled for the second half of ...
theaustralian.news.com.au

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SA port project precedes a storm of iron ore export activity


PERTH broker Patersons makes a good point in a recent research report on the gang of junior to mid-cap nickel sulphide producers that have come on to the ...
business.theage.com.au

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Brass utensils recover, brass cuttings decline


... copper wire bars - Rs 41000, aluminium ingots- Rs 14500, zinc slab - Rs 10700, lead ingots - Rs 11000, tin slab - Rs 1150 per kg and nickel cathode - Rs ...
deepikaglobal.com

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Law Officers, City Gets Help From Scrap Yard


The owner of JW Walker and Sons Scrap Metal Yard figures that, if nobody will pay thieves money for stolen copper and other metals, ...
nwaonline.net

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Two charged with stealing, selling scrap metal


State police have charged two men with stealing scrap metal from a property in the Town of Lockport and then selling it to a local scrap yard over the past ...
buffalonews.com

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Thieves strike gold in metal of all kinds


Driven by high international prices for scrap metal and a troubled domestic economy, scavengers are scooping out the stuff anywhere they can find it....
courierpostonline.com

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'Syndicates behind copper cable theft'


"In the case of the scrap metal merchants, they know that if they are busted with our marked cable or electrical components they will face prosecution. ...
iol.co.za

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Increased theft of water meter, manhole covers leaves holes in ...


The metal covers, which range between 12 and 24 inches in diameter and weigh more than 50 pounds, are capable of fetching up to $40 as scrap. ...
daily-times.com

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Russian regulations on scrap


Interfax cited Mr Vladimir Putin PM of Russia as saying that he is opposed to setting up a tax and tariff regime to stimulate exports of scrap metal and ...
steelguru.com

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Sunday, 27 July 2008
 

Tokyo Steel lowers forecast as profit


Scrap prices will probably average JPY 71500 a tonne in the year ending March 31st 2008. Mr Eiji Sakabe MD of Tokyo Steel said that “Scrap prices are too ...
steelguru.com

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Cash for Trash


Today virtually all steel made by giants Nucor (NUE) and AK Steel (AKS) comes from scrap metal—a boon for recyclers such as Chicago-based Metal Management, ...
businessweek.com

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Pacific Steel Raises Prices By 18%


Pacific Steel Group general manager John Beveridge says price rises in the past two quarters were largely driven by the rising cost of scrap metal....
scoop.co.nz

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Pacific Steel hikes prices by


According to Pacific Group general manager, price increases are caused from soaring cost of scrap metal and additional factors are higher freight charges, ...
steelguru.com

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Norilsk to probe ownership of Prokhorov mine assets


... launched on Thursday with the intention of spending $10 billion over the next five years developing copper, nickel, titanium and precious metals fields. ...
uk.reuters.com

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Has the bubble popped?


Nickel has fallen 30% this year, the worst among all LME-traded metals. Even gold has remained flat on average after shooting up 10% in the beginning of ...
economictimes.indiatimes.com

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The Daily Resource 07/26/2008


Trading in the base metals was mixed on Friday as copper and aluminum rose, while zinc, nickel, and lead fell off. Copper was up and down all day, ...
ibtimes.com

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UPDATE 3-Nickel trims losses after touching 2-yr low


Copper gained on Friday as Chinese demand was seen picking up and nickel bounced off its lows after heavy losses ...
reuters.com

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Prokhorov launches $10bn mining company


“General forecasts for the reserves and resources in the company’s deposits are more than 15 million tonnes of copper, 9 million tonnes of nickel, ...
metalbulletin.com

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W. Hempstead man arrested in theft of metal flower racks


... police property recovery section told Newsday that he's noticed a spike lately in the theft of all sorts of unlikely items containing scrap metal....
newsday.com

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MWA to capture scrap metal


Metro Waste Authority is doing their part to help area residents recycle and not scrap their metal. This is one of numerous facts that are known about metal ...
altoonaherald.com

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