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Metals

  • Scrap Metals MarketWatch | DEC 2017

  • Hurricane damaged cars flood the market

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    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.

  • Metso implements operating model and organizational plan

    Metso’s board of directors has decided on the group’s new operating model and organization, effective from January 1, 2018.

  • Appliance recycling plant opens

    Recleim celebrated the grand opening of its new recycling facility in Lima, Ohio. The landscape of Lima’s business community is growing, with AEP Ohio and Recleim helping to bring more than a hundred new jobs to a city welcoming its first new manufacturing plant in several years.

  • Thyssenkrupp and Tata Steel to merge steel operations

    Thyssenkrupp and Tata Steel have signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture.

  • Novelis completes joint venture

    Novelis has completed the transaction for its joint venture with Kobe Steel, Ltd., a producer of aluminum rolled products in Japan. The joint venture, Ulsan Aluminum, Ltd., was formed by Novelis selling Kobe Steel its ownership interest in its Ulsan, South Korea facility for $315 million.

  • 2017 T. C. Graham Prize awarded to researchers at University of Rochester

    Two researchers at the University of Rochester’s Institute of Optics have been named winners of the Association for Iron & Steel Technology’s (AIST) 2017 T.C. Graham Prize, an international award meant to encourage development of new and innovative uses for steel.

  • Novelis achieves 55 percent recycled inputs in 2017

    Novelis Inc. published its fiscal year 2017 Sustainability Report, detailing continued progress against the company’s ongoing sustainability commitments and goals.