The board of directors of Metalico, Inc., an operator of scrap metal recycling facilities primarily in the eastern Great Lakes corridor, has agreed to sell the company to Total Merchant Limited for total consideration of approximately $105 million.
U.S. manufacturing is expected to keep ship traffic on the St. Lawrence Seaway bustling this season after a strong start for general cargo shipments through the navigation system.
The Occupational Safety & Health Administration (OSHA) issued Metal Shredders 1 willful and 8 serious safety violations involving electrical safe work practices and has proposed penalties of $115,000 to the company.
Metallix Refining Inc. has acquired a new precious metals recycling facility from Umicore.
Tadeu Nardocci, senior vice president, Novelis Inc. and president, Novelis South America, received the Lifetime Achievement Award at the Platts 2015 Global Metals Awards ceremony in London.