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Metals

  • Scrap Metals MarketWatch | OCT 2014

  • SIMA import market share 26 percent in August 2014

    Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of August total 3,554,000 net tons (NT).

  • T.C. Graham Prize contest now open to applicants

    The Association for Iron & Steel Technology (AIST) disclosed the T.C. Graham Prize contest.

  • Marysville metal caster invests $230,000 in hazardous waste reduction

    SeaCast, Inc., a metal casting facility in Marysville, Washington, has agreed to pay The U.S. Environmental Protection Agency (EPA) a penalty of $18,000 to settle alleged hazardous waste violations at the company, which is located within the boundaries of the Tulalip Indian reservation.As part of the EPA settlement, SeaCast will invest at least $230,000 to install and operate a production process “water blast” system that is expected to reduce in the amount of hazardous waste generated at the facility by 40 percent. SeaCast also agreed to implement procedures to prevent future violations of hazardous waste management requirements.

    According to Scott Downey, manager of EPA’s hazardous waste inspection unit in Seattle, strict compliance with federal hazardous waste storage and management requirements protects people and the environment.

    “SeaCast has found a way to modify its production process and reduce its reliance on caustic cleaning solutions as a part of this settlement,” said Downey. “One of the central goals of the EPA’s hazardous waste program is to conserve resources and minimize the generation of hazardous wastes, so this project fits nicely.”

    EPA alleged that SeaCast:

    • Failed to maintain records of its hazardous waste determinations.
    • Stored hazardous wastes at the facility without obtaining a permit or complying with conditions applicable to hazardous waste generators.
    • Stored hazardous waste on site for longer than 90 days, failed to maintain adequate aisle space between containers of hazardous waste and failed to conduct required weekly inspections of hazardous waste storage areas. The company also failed to properly manage its universal waste lamps.

    Published in the October 2014 Edition of American Recycler News

  • Sims Metal Management reports fiscal 2014 results

    Sims Metal Management Limited disclosed a statutory net loss after tax (NLAT) of $89 million, representing a loss for the full year ended June 2014.

  • July steel shipments up 2.4 percent

    The American Iron and Steel Institute (AISI) reported that for the month of July 2014, U.S. steel mills shipped 8,492,744 net tons, a 2.4 percent increase from the 8,291,823 net tons shipped in the previous month, June 2014, and a 2.6 percent increase from the 8,274,511 net tons shipped in July 2013.

  • Novelis completes $106 million investment in Brazilian complex

    Novelis, commissioned a new coating line for beverage can end stock and an expanded recycling center at its Pindamonhangaba, Brazil complex.

  • Worcester Polytechnic Institute awarded for lightweight metals manufacturing

    Diana Lados, associate professor of mechanical engineering at Worcester Polytechnic Institute (WPI) and founding director of the university’s Integrative Materials Design Center (iMdc), has received a 3 year, $424,000 award from the National Science Foundation (NSF) to support the development of a new way to manufacture metal-ceramic composites, which can be used to make vehicles lighter and more energy efficient, while significantly increasing their performance.

  • Nucor promotes Dave Sumoski to executive VP

    Nucor Corporation has promoted Dave Sumoski, vice president and general manager of Nucor Steel Memphis, Inc., to executive vice president of engineered bar products, which includes special bar quality (SBQ) and cold finish businesses, effective September 14, 2014. Jim Darsey, who has served as executive vice president of bar products since 2010, will continue to focus on merchant and rebar products.

    Sumoski began his career with Nucor as an electrical supervisor at Nucor Steel-Berkeley in 1995 and was promoted to maintenance manager in 1999. He was promoted to general manager of Nucor Steel Marion, Inc. in 2008 and to vice president in 2010. Sumoski has served as vice president and general manager of Nucor Steel Memphis since 2012.

    Published in the October 2014 Edition of American Recycler News

  • Scrap Metal Services acquires shredding unit

    Scrap Metal Services, LLC (SMS), located in Burnham, Illinois, has acquired the auto shredding operation of 360 Degree Metal Recycling, Inc. and full-service scrap yard in New Carlisle, Indiana.  The facility will enable SMS to cost-effectively transport shredder feedstock scrap including vehicles and obsolete scrap from its Northwest Indiana and Chicago, Illinois retail facilities and auto operations.

    SMS plans to sell and ship the shredded ferrous scrap to steel mills in the Midwest for remelting into new steel products. The metallic shredder residue will be sent to SMS’s non-ferrous division’s recently opened heavy media plant in Blue Island, Illinois for further separation of the metals recovered in the shredding process.

    Terms of the transaction were not disclosed.

    Published in the October 2014 Edition of American Recycler News

  • Nucor declares 166th consecutive cash dividend

    The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.37 per share on Nucor’s common stock. This cash dividend is payable on November 10, 2014 to stockholders of record on September 30, 2014, and is Nucor’s 166th consecutive quarterly cash dividend.

    Published in the October 2014 Edition of American Recycler News

     

  • Scrap Metals MarketWatch | SEP 2014

  • June steel imports decrease by 11 percent from May

    Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,586,000 net tons (NT) of steel in June, including 2,706,000 NT of finished steel (down 11.1 percent and 8.0 percent, respectively, versus May final data).

  • Novelis increases prices for sheet products

    Novelis disclosed price increases on its North American automotive and specialty aluminum sheet products for all new orders effective immediately.

  • Columbus Scrap awarded Scrap Company of the Year

    The American Metal Market awards for steel excellence honor best-in-class companies in or in support of the steel industry.

  • Novelis casts first ingot at facility

    Novelis successfully cast the first production-sized ingot – almost 10 meters long – at its new aluminum recycling and casting center in Nachterstedt, Germany.

  • Timken declares 369th consecutive dividend

    The Timken Company board of directors declared a quarterly cash dividend of $.25 per share. The dividend is payable on September 3, 2014, to shareholders of record as of August 19, 2014.

    This marks the 369th consecutive quarterly dividend paid on the common shares of the company since The Timken Company joined the New York Stock Exchange in 1922, one of the longest-running dividend records among NYSE-listed companies.

    Published in the September 2014 Edition of American Recycler News

  • Nucor’s executive vice president Grass to retire

    Nucor Corporation’s executive vice president of raw materials and chief executive officer of The David J. Joseph Company (DJJ), plans to retire effective September 12, 2014.

    Grass joined DJJ in 1978. He began his career as a brokerage representative and then as district manager of several DJJ trading offices. He was appointed vice president of trading in 1992. From 1996 to 1998, Mr. Grass served as president of DJJ’s International Division. He headed the Metals Recycling Division during 1999 and served as president of DJJ from 2000 until December 2012. Mr. Grass has served as CEO of DJJ since 2000 and was appointed executive vice president of Nucor Corporation when DJJ became part of Nucor in 2008.

    Upon the retirement of Grass, Joe Stratman, who began his Nucor career in 1989 and has served as executive vice president since 2007, will assume responsibilities for the raw materials group, which, in addition to DJJ, includes Nucor’s natural gas investments and logistics.

    Published in the September 2014 Edition of American Recycler News

  • Spurgeon chosen as Eriez’s product manager

    Ray Spurgeon has assumed the role of product manager-metal detection at Eriez. Spurgeon will now oversee and handle metal detection inquiries, OEM and major account growth, orders, product development and improvements, marketing, training and sales forecasts as well as other functions.

    Since joining Eriez in 1995, Spurgeon has served in various capacities within the company. In his most recent role, he assisted with the successful 2013 release of Eriez’ new Xtreme® Metal Detector and was responsible for the development of new OEMs for this line.

    Published in the September 2014 Edition of American Recycler News

  • Riddell joins MetalX in management role

    MetalX LLC disclosed that industry veteran David Riddell has joined the company’s management team, effective immediately. As a senior marketing executive, Riddell will be focused primarily on nonferrous commercial and marketing activities in support of the company’s growing nonferrous business.

    Riddell’s background includes extensive experience in the aluminum and white metals sector, having been involved in scrap purchasing, brokerage, and commercial management roles for companies in secondary smelting, sheet mill operations, and international metal trading.

    Riddell joins MetalX at a time when the company is expanding the scope of its nonferrous business to incorporate wire chopping, metal extraction technologies, and the production of customized melt products with its more traditional nonferrous scrap processing capabilities. The company began development of a state-of-the-art nonferrous facility in Auburn, Indiana, earlier this year.

    Published in the September 2014 Edition of American Recycler News