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Production pruning - Baku Steel to restart product... Scrap metal ring may pay £500k Recyclers voice caution over "signs" of market rec... Sebeka Utilities Superintendent Charged 2 anti-crime bills failed in Assembly Steel import pushes ship breaking industry in hot ... LCCI wants sales tax rate reduced to 12pc LETTER 04.15.2009 Recycling way to go Indian Railways earns 9% more on scrap in 2008-09 Uxbridge invited to unload scrap metal

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Scrap Metal News

Latest scrap metal and recycling industry news.

Thursday, 16 April 2009
 

Steel import pushes ship breaking industry in hot waters: PSBA


He said, “We are planning to produce better LDT steel scraps by the end of the year, as the local demand of ship billets and scrap metals have surged ...
Daily Times - Lahore,Pakistan

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LCCI wants sales tax rate reduced to 12pc


Steel re-rolling sector may please be provided all utilities on rationalised rates to reduce the cost of business. Steel scrap is the core raw material of ...
The News International - Karachi,Pakistan

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LETTER 04.15.2009 Recycling way to go


Nationally, more than 14 million tons of scrap steel is recycled annually, scrap that might otherwise go to our landfills. Steel represents only one ...
thepaper24-7.com - Rockville,MD,USA

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Indian Railways earns 9% more on scrap in 2008-09


In volume terms, the Railways sold approximately 1.1 million tonnes of scrap in 2008-09 up by 10%. A Ministry official said that “Steel rails are re used in ...
SteelGuru - Gurgaon,Haryana,India

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Wednesday, 15 April 2009
 

Producer Price Index Drops 1.2% in March


The index for iron and steel scrap decreased 8.3 percent compared with a 2.6-percent decline in the previous month. Price increases decelerated in March for ...
123Jump.com - Miami Beach,FL,USA

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Scrap metal dealer jailed over scam


Just hours after the burglary, the cable was sold by the Prices to Dutton at his scrap dealership. During the investigation, over £40000 in cash was seized ...
Romford Recorder - Romford,England,UK

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Tuesday, 14 April 2009
 

Japan Producer Prices Fall at Fastest Pace Since 2002


Takashimaya Co., a department-store operator, reduced retail prices of bread this month. Costs of steel, scrap iron and plastic products also fell, ...
Bloomberg - USA

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Japan's March Corporate Goods Prices Record Steepest Fall In 7 Years


Scrap and waste material prices plunged 63.4%. On a monthly basis, the steepest fall in prices was for iron and steel, declining 1.8% in March and deducting ...
RTT News - Williamsville,NY,USA

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TVA's Bellefonte: Mothballed, canceled and revived


... Tennessee Valley Authority started having contractors pull out steel tubes and pipes from America's costliest, unfinished power plant to sell as scrap, ...
Rocky Mount Telegram - Rocky Mount,NC,USA

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Chinese steel exports will remain weak in some term


The scrap steel also traps the same situation, a Shenzhen based traders said: “We make almost no transaction now, as the domestic price is higher than that ...
The Baltic Course - Riga,Latvia

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Monday, 13 April 2009
 

Turkish mills to decrease production due to shortage of scrap


Although the Turkish steel mills entered the scrap market a few weeks ago, the shipments have to wait for 3-4 weeks for delivery, so they don't have enough ...
SteelGuru - Gurgaon,Haryana,India

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Sunday, 12 April 2009
 

When it comes to steel, April is ''the cruelest month''


Taking a look at the current markets for steel and ferrous scrap and one would have to agree with TS Eliot that April is indeed the “cruelest month” (so far ...
Purchasing.com - Newton,MA,USA

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Alabama Recycler Files for Bankruptcy Protection


Adding to the woes for scrap metal recyclers the steel industry has been struggling with slack demand, and the auto industry has seen a sharp decline in new ...
Recycling Today - Cleveland,OH,USA

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Saturday, 11 April 2009
 

Wisconsin company donates scrap metal to Art Department


The latest donation to the art department was more than 1000 pounds of scrap steel given by Universal Silencer. The company’s headquarters is located in ...
Exponent Online - Platteville,WI,USA

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Highway storm grates vanish


Investigators scoured scrap metal dealers within about a 100-mile radius of the city and posted alerts on the Metro Atlanta Metal Task Force Web site,...
Atlanta Journal Constitution - GA, USA

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Ahead of Steel Company Earnings


Ferrous scrap recyclers such as Schnitzer Steel SCHN and Sims Metal Management SMS will also benefit from Asia's stabilizing demand as they export more ...
Morningstar.ca - Toronto,Ontario,Canada

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Uptick in ferrous scrap may signal bottoming


Even though domestic steel industry operating rates remain at their lowest levels in decades, one Midwest scrap trader said he believes the ferrous scrap ...
American Metal Market - New York,USA

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Friday, 10 April 2009
 

Steel Scrap Prices Crash


Steel scrap costs have continued to erode, pushing down market prices for various steel mill products, and further scrap costs are expected to slide in ...
Purchasing.com - Newton,MA,USA

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India Stocks Post Longest Winning Run in a Year; Metals Gain


The European Union yesterday scrapped a 23.8 percent tariff on steel ropes made by the Indian manufacturer. The EU lowered the duty to zero after concluding ...
Bloomberg - USA

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Firefighters Extinguish Blaze At Oakland Scrap Yard


The fire was reported at 2:47 pm at a yard owned by Schnitzer Steel, located at 1101 Embarcadero West, Brue said. The blaze took place outside and had ...
KTVU.com - San Francisco,CA,USA

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Mobile auto shredding plant files for bankruptcy


But scrap metal dealers are in distress right now, as steel mills including SSAB in Axis cut back production. Some grades of scrap are selling for less than ...
Press-Register - al.com - Mobile,AL,USA

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Thursday, 9 April 2009
 

Schnitzer Steel Reports 2Q Results


During the quarter the markets for ferrous scrap improved from the low point experienced toward the end of the first quarter, although average net prices ...
Trading Markets (press release) - Los Angeles,CA,USA

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Ferrous scrap in the mire, prices drop $45/T


The domestic ferrous scrap market has taken a more bearish turn, with prices for some prime industrial steel ...
American Metal Market - New York,USA

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Aluminum eases on Alcoa earnings


Analysts, however, said this material was most likely to be heading for China due to stockpiling and because of tightness in the scrap metal market in the ...
Globe and Mail - Canada

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Man charged in metal scam


``If I was (there), I don't know this guy from Adam,'' said Potter, who would usually handle sales of scrap metal. Finco said it took awhile to nab Frank, ...
The Jackson Citizen Patriot - MLive.com - Jackson,MI,USA

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Wednesday, 8 April 2009
 

METALS-Copper spurred higher by inventories drop


Analysts said this material was likely heading for China due to stockpiling and because of tightness in the scrap metal market in the world's top copper ...
Reuters - USA

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Japanese Steel Scrap Association Joins BIR


Steel scrap accounts for almost 25 percent of the total annual Japanese steel production of 120 million tons. Since scrap availability exceeds domestic ...
Recycling Today - Cleveland,OH,USA

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METTLE DETECTOR


Driven in part by insatiable demand from Chinese manufacturers, scrap metal prices were skyrocketing - until about a year ago. Then as the economy tanked, ...
Fort Wayne Journal Gazette - Fort Wayne,IN,USA

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Asian shipping stocks brace for rough seas


"We expect dry bulk freight rates to remain under pressure due to a combination of weak demand, high China iron ore inventory, high China steel inventory ...
MarketWatch - USA

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Scrap gold sales down; India's gold import to pick up


India has been witnessing a surge in scrap gold sales following the rise in gold prices in the recent past and old gold was fetching good money for people. ...
Commodity Online - Kochi,Kerala,India

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Unstable balance in Russian scrap market


In late March 2009 steel products quotations growth caused scrap prices increase. However, comparing to semis and rolled products this increase was ...
SteelGuru - Gurgaon,Haryana,India

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Australia Stocks: Bendigo, FKP, Iluka, Minara, Rio, Telstra


Copper futures for May delivery fell 2.1 percent, to $1.959 a pound in New York. Nickel dropped 1.7 percent in London trading. BHP Billiton Ltd. (BHP AU), ...
Bloomberg - USA

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Tuesday, 7 April 2009
 

SEAISI sees steel prices decline to continue


World Steel Association reported that scrap price picked up from USD 125 per tonne in November 2008 to USD 268 in February 2009 and dropped dramatically in ...
SteelGuru - Gurgaon,Haryana,India

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METTLE DETECTOR


Steel Dynamics Inc. worker Paul Shuler cuts up rail material for scrap metal Tuesday afternoon. Steel Dynamics Inc. employee Jason Felger operates a machine ..
Fort Wayne Journal Gazette - Fort Wayne,IN,USA

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300 STEEL RE-ROLLING MILLS IN BANGLADESH FACE CLOSURE


TMCnet - USA
Although price of steel scraps is declining in the international market because of global recession, price of MS Rod has been rising in the country due to ...

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Monday, 6 April 2009
 

Feng Hsing to raise scrap purchasing prices


Taiwan's Hsin iron & Steel has announced that it will raise the scrap purchasing price by TWD 500 per tonne, following a rise of TWD 600 per tonne. ...
SteelGuru - Gurgaon,Haryana,India

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Shrinking airlines park more planes in the desert


The banking crisis has made it very difficult to get loans to buy aircraft, and the drop in commodity prices has gutted their scrap value. ...
The Associated Press

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Sunday, 5 April 2009
 

CRU/CESCO-Copper prices seen electrifying in long run


This year, there is an especially wily factor in play: scrap metal. A severe contraction in the global scrap market has supported copper prices as so-called ...
Reuters - USA

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US HOT STOCKS: Research In Motion, Novo Nordisk, RC2, Kimco


The analysts said that there doesn't appear to be any recovery in scrap metal industry. Whole Foods Market Inc. (WFMI, $18.17, -$0.71, ...

Wall Street Journal - USA

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Marking Down Honest Accounting


Scrap companies include the likes of Commercial Metals (ticker: CMC), which manufactures and recycles steel, while Nucor (NUE) and Steel Dynamics (STDL) ...
Barron's - USA

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Gamblers' rally spoiled by Steel


That was followed moments later with another scrap between Green Bay's Robert Shea and the Steel's Kevin Lind. "We got caught up in things that first period ...
Green Bay Press Gazette - Green Bay,WI,USA

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Saturday, 4 April 2009
 

Steel slump weighs on India ferrous scrap


Ferrous scrap prices in India have weakened as falling steel prices and low demand for finished steel products ...
American Metal Market - New York,USA

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China cuts output in weak steel mart; US prices down


Few would take issue when matching the auto industry with steel utilization rates. The Detroit scrap market, they note, “is all but nonexistent. ...
Purchasing.com - Newton,MA,USA

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Schnitzer Steel reports Q2 loss


The Portland-based scrap steel company (NASDAQ: SCHN) also reported a second-quarter loss of $7 million, or 25 cents per share — results far worse than the ...
Bizjournals.com - Charlotte,NC,USA

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Central Texas companies providing steel for energy projects


Scrap steel processed in the Leon County community of Jewett will be used to support a “Renewable Energy Super Highway” that moves electricity generated by ...
Waco Tribune Herald - Waco,TX,USA

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Friday, 3 April 2009
 

Weak demand and Indian steel scrap price fell 10 dollars per ton


Apr.2metalbiz--Indian steel prices slid and market demand became weaker, so the price of steel scrap declined. Indian price of steel scrap was 240-250 ...
Alibaba News Channel - New York,NEW YORK,USA

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India Steel Prices Likely To Rise


... adding global steel demand is showing signs of recovery as evident in scrap and billet prices. While industry officials said steel prices have ...
Wall Street Journal - USA

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Market Report -- In Play (SCHN)


Co notes pricing for ferrous scrap metal began to decline slightly toward the end of Q209. Based on current market conditions, Q3 average net prices are ...
MSN Money - USA

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BHP Says Copper Price Gains on China Scrap Shortage


By Heather Walsh and Carlos Manuel Rodriguez April 1 (Bloomberg) -- Copper prices have climbed because of a shortage of scrap that led China to increase ...
Bloomberg - USA

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For scrap or not, old ferries must go


It earlier had lined up a deal to scrap the vessels in a Mexican ship-breaking yard, a plan that was put on hold, however, because of declining steel prices ...
HeraldNet - Everett,WA,USA

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Wednesday, 1 April 2009
 

China tries to boost exports, risking backlash


Steel, petrochemicals and other industries have been promised aid to improve technology and boost output. Authorities scrapped a tax break on machinery ...
Forbes - NY,USA

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India Gold Imports Fall to ‘Zero’ in March on Prices


“Even the scrap supplies have reduced sharply as people expect prices to increase and the rupee is weakening every day.” Prices in India reached a record ...
Bloomberg - USA

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Gold steady, undermined by stocks, dollar


... and undermine sentiment in the gold market, analysts said. Another negative for gold is the amount of scrap coming into the physical market. Continued...
Reuters - USA

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Feng Hsin to hike scrap price by TWD 600 per tonne


Taiwan's Feng Hsin Iron & Steel has announced to raise rebar and scrap prices this week in order to catch up with the current market prices. ...
SteelGuru - Gurgaon,Haryana,India

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Commodities Head for Worst Slump Since 2001 as Demand Shrinks


“For commodities, the main mover is demand and supply and if demand is down, then the price comes down, no matter how many speculators are in the market,” ...
Bloomberg - USA

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Tuesday, 31 March 2009
 

Monday Market Monitor - Scrap (WEEK 13) - Signs of recovery


Turkish purchasing volume will consequently influence the price of scrap. It is reported that steel scrap prices of European origin FOB Rotterdam improved ...
SteelGuru - Gurgaon,Haryana,India

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Pasco junkyard turns scrap into treasure


Leonard Moore also has seen an increase in business at Tommy's Steel & Salvage in Pasco. He said he's seen an increase in demand for parts for small to ...
TheNewsTribune.com - Tacoma,WA,USA

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BMZ scrap purchase price continue to decline


The prices of steel scrap 3A grade in Byelorussian steel works are in about USD 162 per tonne DAF for 3rd decade of March. Thus the prices have declined ...
SteelGuru - Gurgaon,Haryana,India

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Monday, 30 March 2009
 

Predicting the price of steel


The two dominant raw materials used in steel production for the construction industry are scrap and iron ore. Put simply, cheaper raw materials equals ...
Construction Week Online - Dubai,United Arab Emirates

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Japanese scrap prices on upward trend


Korea has increased purchases of scrap, as H1 scrap was settled at about USD 232 per tonne CNF, while Hyundai Steel purchased H2 scrap from Japan at a price ...
SteelGuru - Gurgaon,Haryana,India

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Sunday, 29 March 2009
 

Wall Street surge leaves metal market unmoved


The steel and scrap industries, in particular, continue to see precious few signs of an upturn. Prices for hot-rolled coil, plate, wire rod, rebar and many ...
American Metal Market - New York,USA

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IMPD district commander demoted after inquiry into moonlighting ...


Deputy Chief John Conley stressed that Allender's demotion "was not related to any scrap-metal investigation and has no criminal violations or implications. ...
Indianapolis Star - United States

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Lost China radioactive device found in smelter


Investigators, suspecting the ball had been mistakenly sold as scrap metal, found on Friday that it had indeed been melted in a smelter at a local steel ...
Reuters - USA

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Turkish steel mills return to scrap market


As a result, some Turkish steel mills with lower scrap stocks have shifted their focus from billet to scrap, so the scrap price has been gradually rising. ...
SteelGuru - Gurgaon,Haryana,India

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Saturday, 28 March 2009
 

ThyssenKrupp Approves Plan to Merge Units, Cut Costs


He spoke as the company, Germany’s second-biggest steelmaker, became the latest industry member to cut or scrap its dividend, lowering the payout for last ...
Bloomberg - USA

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Chinese 'find' radioactive ball


Eight trucks worth of scrap gathered at the disused factory in Tongchuan city were sold to a local steel mill, according to official news agency Xinhua. ...
BBC News - UK

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BILL McGRAW


They apparently were inside the bridge, cutting the steel supports for scrap, when the level they were standing on fell one story to the street. ...
Detroit Free Press - United States

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Rod prices 20pc up


A hike in scrap metal prices in local markets has pushed the prices of mild steel rod by 20 percent in a span of two months.Photo: STARSajjadur Rahman A ...
The Daily Star - Dhaka,Bangladesh

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WTO Details Rising Protectionism, Pushes Countries to Reverse Course


China has scrapped import tariffs on steel plates. The Philippines has cut tariffs on wheat and cement. "More trade-policy initiatives of this kind, ...
Wall Street Journal - USA

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Friday, 27 March 2009
 

Ahead of the Bell: Steel sector


In addition, he said scrap market prices could react quickly to an increase in demand, "serving as a good leading indicator for steel pricing. ...
Forbes - NY,USA

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Steel scrap prices continue to slide


Steel scrap costs have continued to erode, pushing down market prices for various steel mill products, ...
Purchasing.com - Newton,MA,USA

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China steel firm axes Indonesian nickel project


A $500 million nickel pig iron project planned for Indonesia has been scrapped, a senior official at Shanghai ...
Reuters - USA

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Rio shuts Australia pig iron plant for 12 months


The main buyers are so-called steel making "mini-mills" such as ones operated by Nucor, that rely on non-ore type feed, such as pig iron and scrap metal. ...
Reuters - USA

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Turkish scrap tags rise; dollar spurs buys


2 heavy-melting steel scrap, nearly $7 higher than the $208.25... This is a preview of the article. The full article is available only to our subscribers ...
American Metal Market - New York,USA

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German Power Market to Shrink; First Time Since Enron


ThyssenKrupp, which uses power to melt scrap steel at about 2500 degrees Fahrenheit (1370 Celsius), may eliminate more than 3000 jobs after demand plunged. ...
Bloomberg - USA

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Thursday, 26 March 2009
 

Egyptian steel producers call for import tax on rebar


As per report, Egypt’s steel mills had no alternative but to cut the prices again last week in line with dropping raw material costs and very cheap import ...
SteelGuru - Gurgaon,Haryana,India

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Thane villagers face threat from scrap material


The scrap, including missiles, rocket launchers and spent shells, had been kept in the premises of Salasar Steel Furnace Mill, which now lies abandoned, ...
Times of India - India

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Citic Pacific posts HK$12.66 billion loss, hit by forex bets


... has interests in steel making, mining, power generation and trading, infrastructure, and air cargo services, said the board has also decided to scrap ...
MarketWatch - USA

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EV construction projects hammer away


... micromill near Phoenix-Mesa Gateway Airport that will convert scrap steel into 280000 tons of reinforcing bar annually for the construction industry. ...
East Valley Tribune - Mesa,AZ,USA

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Wednesday, 25 March 2009
 

Long term, steel could make sense


As a result of its merger with US scrap kings Hugo Neu and then Metal Management, Sims Metal Management (SGM) rates as the world's biggest trader of scrap ...
The Australian - Sydney,Australia

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Commercial Metals Company Reports Loss of $0.32 EPS for Second Quarter


... was steel). The average copper selling price declined $1.40 per pound to $2.43 per pound; metal spreads declined 40 cents. The cost of copper scrap ...
PR Newswire (press release) - New York,NY,USA

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Tuesday, 24 March 2009
 

Cycle Systems feeling pinch as fewer recycle


Work at Cycle Systems has slowed recently as fewer people recycle their scrap metal and steel mills slow their production, causing scrap prices to rise. ...
Lynchburg News and Advance - Lynchburg,VA,USA

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Collectors could be scrapped


The facility will dismantle printer cartridges, photocopiers and printers from all over China and dissolve them into 64 categories of steel, glass and ...
China Daily - China

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Posté le Lundi 23 mars 2009 à 12h43


HMS 1 - ISRI Code 200: Heavy melting steel. Wrought iron and/or steel scrap ¼ inch or steel scrap ¼ inch and over in thickness. Individual pieces not over ...
Dechetcom (Abonnement) - Paris,France

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Monday, 23 March 2009
 

Scrap prices leave workers scraping by


Prices stabilized in December, but they remain low. At Corridor Recycling on Friday, steel was going for $130 per metric ton, down from a peak of $450. ...
Daily Breeze - Torrance,CA,USA

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Sunday, 22 March 2009
 

E. Coast export yards paying less for scrap


Obsolete scrap like No. 1 heavy melting steel and 5-foot plate and structural scrap is beginning to pile up in some smaller dealers' yards because of the ...
American Metal Market - New York,USA

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James Glaser: Working with scraps helps make us more resourceful


I see sculptors working in lower-cost woods, and galvanized steel instead of stainless. Jewelers are trying copper and semiprecious stones instead of sliver ...
Tallahassee Democrat - Tallahassee,FL,USA

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Recession hit Nucor warns Q1 loss of 55-65 cents per share


America's largest recycler and steel maker, Nucor Corporation, expects to post a loss of 55 cents to 65 cent per share for its first quarter ending April 4, ...
domain-B - Khandala,Maharashtra,India

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Saturday, 21 March 2009
 

Pacific Steel & Recycling Opens New Terrace Heights Facility


Before it was just Pacific Steel. Now they're also accepting scrap metal and some other recyclables. The current economy is taking a toll on both sides of ...

MSNBC - USA

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Gold slips as euro dips, inflation fear supports


Jewelers in key markets such as India say the metal's sharp price rise has hit sales hard. It has also led to a surge in supply of scrap gold as consumers ...
Reuters - USA

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Northwest Dallas gold refiner happy to liquefy your assets


The Dillon Gage refinery – and others like it – are the answer to this question: What happens to my scrap jewelry when I sell it? ...
Dallas Morning News - Dallas,TX,USA

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Friday, 20 March 2009
 

BMZ steel scrap prices


The price of steel scrap 3A grade in "Byelorussian steel works" in range is USD 186 per tonne DAF for 1st decade of March. The prices have declined further ...
SteelGuru - Gurgaon,Haryana,India

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London Metals Exchange Met to Discuss Steel Billet Contracts


... publish rebar prices as a premium to the LME billet price and scrap prices as a discount to the LME price. This reflects growing acceptance in the steel ...
Azom.com - USA

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Japanese ferrous scrap market price on downward trend


... ferrous scrap market price shows sign to hit bottom. A trading firm source expects the price could decrease a little more under decreasing steel price ...
SteelGuru - Gurgaon,Haryana,India

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Dump your scrap metal to help the schools


A new scrap-metal recycling program to benefit Beverly Public Schools means instead of paying to have items hauled away, you can call Scrap-It of Everett, ...
The Salem News - Beverly,MA,USA

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Nonresidential building materials prices drop 0.7% in February


Extruded aluminum prices fell 3.2%, but copper pipe and tube prices jumped 5.8% as copper ore and scrap prices both increased sharply. ...
Building Design & Construction - New York,NY,USA

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Thursday, 19 March 2009
 

Iron ore, copper scrap buck trend as metals indices fall


Steel, aluminum and copper mill prices all declined, as did steel and aluminum scrap indices. The iron ore PPI, at 153.1, was up 1.9 percent from January ...
American Metal Market - New York,USA

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India’s Scrap Gold Meets Jewelry Demand, March Imports Slump


Jewelry makers are meeting demand from sales of scrap metal, said Suresh Hundia, president of the Bombay Bullion Association Ltd., a group of 230 traders. ...
Bloomberg - USA

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Gold Drops for Third Day on Speculation Economies Will Improve


There’s still some scrap supplies coming in.” Gold for immediate delivery lost as much as $6.53, or 0.7 percent, to $908.88 an ounce and traded at $911.90 ...
Bloomberg - USA

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PSNH's scrubber project needs review


That meant everything was higher, including steel. According to the online industry publication, steelontheweb.com, scrap steel cost between $630-$640 a ton ...
Portsmouth Herald News - Portsmouth,NH,USA

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120 Maddox Rd. Williamstown, VIC 3016
Tel: (03) 9397-4358
Email: robuck@bigpond.com

© Southern Cross Metal Recyclers 2002 - 2006.