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Metals

  • Steel imports up 19 percent through October

    Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,119,000 net tons (NT) of steel in October 2017, including 2,493,000 net tons (NT) of finished steel (unchanged and down 0.4 percent, respectively, vs. September final data). Year-to-date (YTD) through ten months of 2017, total and finished steel imports are 32,850,000 and 25,449,000 NT, up 19.4 percent and 15.4 percent respectively, vs. the same period in 2016. Finished steel import market share was an estimated 27 percent in October and is estimated at 28 percent YTD.

  • Nucor Corporation to build rebar micro mill in Missouri

    Nucor Corporation will build a rebar micro mill in Sedalia, Missouri, about 90 miles east of Kansas City. Following its approval by the Missouri Development Finance Board, the project was formally announced at an event with Governor Eric Greitens held at Lowell Mohler Assembly Hall.

  • Scrap Metals MarketWatch | JAN 2018

  • Aqua Metals offers common stock

    Aqua Metals, Inc., which is proceeding to commercialize its proprietary electrochemical lead recycling technology called AquaRefining™, announced that it has priced its underwritten public offering of 7,150,000 shares of its common stock at a public offering price of $2.10 per share in December.

  • Nucor Corporation increases cash dividend

    The board of directors of Nucor Corporation increased the regular quarterly cash dividend on Nucor’s common stock to $0.38. This cash dividend is payable on February 9, 2018, to stockholders of record on December 29, 2017, and is Nucor’s 179th consecutive quarterly cash dividend.

    Nucor has increased its regular, or base, dividend for 45 consecutive years – every year since it first began paying dividends in 1973. Over the past 10 years, Nucor has returned more than $5 billion in capital to its stockholders in the form of base dividends, supplemental dividends and share repurchases.

    Published in the January 2018 Edition

  • Bunting Magnetics names Miller as general manager

    Bunting® Magnetics Co., a moving, removing and holding metal company, has appointed Kevin Miller as general manager of the company’s primary manufacturing facility in Newton, Kansas.

    Bunting Magnetics Co. also has operations in suburban Chicago, Illinois; DuBois, Pennsylvania; and the United Kingdom. Miller will oversee all Newton operations including production, inside sales, engineering and purchasing.

    Based in Newton, Kansas, Miller draws on nearly three decades of experience in manufacturing operations. Most recently, he was director of operations at Ametek Advanced Industries, a supplier of components and systems for the aerospace and defense industries. His manufacturing experience also includes operations and assembly positions at the Boeing Company and Spirit Aerosystems.

    Published in the January 2018 Edition.

  • Scrap Metals MarketWatch | DEC 2017

  • Hurricane damaged cars flood the market

    by This email address is being protected from spambots. You need JavaScript enabled to view it.

    As Hurricane Harvey and Hurricane Irma wreaked havoc throughout the Texas and Florida regions, they left a tremendous amount of destruction and debris in their wake – including nearly 1 million damaged or submerged cars, with Hurricane Harvey destroying between 300,000 to 500,000 vehicles and Hurricane Irma destroying another 200,000 to 400,000 vehicles.

  • Steel imports up 20 percent year to date

    Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,051,000 net tons (NT) of steel in September 2017, including 2,438,000 NT of finished steel (down 10.3 percent and 1.4 percent, respectively, vs. August final data).

  • Strong numbers boost Seaway iron ore shipments

    More than 1.2 million metric tons of iron ore passed through the St. Lawrence Seaway in September, providing a boost to overall shipping tonnage for the Seaway system. The St. Lawrence Seaway reports that overall cargo shipments from the start of the shipping season on March 20 through September 30 totaled 24.3 million metric tons – up nearly 3 million metric tons over the same period last year.

  • Nucor receives supplier certification

    Nucor Steel Memphis, Inc. division was certified by Caterpillar Inc. at the platinum level through its Supplier Quality Excellence Process (SQEP).  Nucor Steel Memphis is the only steel mill in the world to earn Platinum certification, which represents excellence in process control, continuous improvement, product quality and delivery to Caterpillar.

  • New Day closes on purchase

    New Day Aluminum Holdings LLC disclosed that its Dutch subsidiary has closed on the acquisition of all the share capital of ARC Fused Alumina from Mircal SA, a subsidiary of Imerys SA fully and directly owned by it.

    Mircal was required by the European Commission to divest this business as a condition to its 2016 acquisition of certain assets from Alteo Holding. The New Day transaction received European Commission approval in September and has now completed all other closing conditions, including consultative proceedings with the company’s Works Council.

    ARC Fused Alumina, located in La Bâthie, France, employs over 150 workers and operates facilities producing a number of specialty alumina products, including white fused alumina, bubble alumina, Abral® and silicon nitrates. The company’s products have multi-application uses in the ceramics, flooring, abrasives and refractory industries.

    David D’Addario, chief executive officer of New Day, commented, “We are pleased to welcome the ARC Fused Alumina business and its employees to the New Day family, and excited for the opportunity to build upon the rich 120-plus year history of the La Bâthie based business.

    This acquisition helps diversify New Day’s portfolio, both geographically and in product mix. La Bâthie provides us entry into a new market sector while better positioning New Day for more acquisition activity and integration on a global scale.

    Published in the December 2017 Edition of American Recycler News

  • Seaway tonnage up as peak months approach

    Shipments of iron ore continue to lead the way as the 2017 shipping season moves into the final months of the year. More than 6.6 million tons of iron ore has been shipped through the St. Lawrence Seaway this year, nearly 44 percent more than in 2016. 

  • Novelis reports record results

    Novelis, a leader in aluminum rolling and recycling, reported net income of $307 million for the second quarter of fiscal year 2018, compared to a net loss of $89 million in the prior year period.

  • Nucor builds merchant bar mill

    Nucor Corporation will build a full-range merchant bar quality (MBQ) mill at its existing bar steel mill located in Bourbonnais, Illinois. The MBQ mill will have an annual capacity of 500,000 tons and is expected to cost $180 million. The project will take approximately two years to complete.

  • European aluminum beverage recycling rate at 73 percent

    The overall recycling rate for aluminum beverage cans in Europe (EU 28 + EFTA) increased by 1.6 percent to a new record level of 72.9 percent in 20141.

  • Scrap Metals MarketWatch | NOV 2017

  • Steel imports up 21 percent year to date

    Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,349,000 net tons (NT) of steel in August 2017, including 2,422,000 NT of finished steel (down 4.8 percent and 16.8 percent, respectively, vs. July final data). Year-to-date (YTD) through 8 months of 2017, total and finished steel imports are 26,561,000 and 20,401,000 net tons (NT), up 20.6 percent and 15.5 percent, respectively, vs. the same period in 2016.

  • FirstEnergy’s Ohio utilities boost recycling incentive to $75

    Customers of FirstEnergy’s Ohio utilities can now get even more money back for recycling their old refrigerators and freezers. The incentive has been increased from $50 to $75 for each appliance recycled this fall.

  • New Day approved for acquisition

    New Day Aluminum Holdings LLC disclosed that the European Commission has given its approval to New Day’s acquisition of all the share capital of ARC Fused Alumina from Mircal SA, a subsidiary of Imerys SA fully and directly owned by it.