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May 2012
25 May 2012
Ferrous scrap buying prices at East Coast export yards are under pressure again as weak orders from Turkey have left exporters with large inventories.
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24 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index slipped to $425.26 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Thursday May 24, down from $426.14 a day earlier.
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24 May 2012
Harsco Corp. has renewed three multiyear contracts in the United States that will add a combined $120 million in revenue over the duration of the pacts.
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23 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index was unchanged at $426.14 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Wednesday May 23.
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23 May 2012
Chinese steel mills have halted scrap imports after prices rose beyond what mills can afford in a weakening domestic market.
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23 May 2012
Two recyclers are facing bankruptcy proceedings after suffering financial difficulties in recent months.
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23 May 2012
SA Recycling LLC has dismissed rumors about the possible closure of one of its port facilities in California.
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23 May 2012
An oversupply of US shredding capacity is contributing to the recent trend of "hyper-competition" in the US scrap market, according to Rich Brady, executive vice president of OmniSource Corp.’s ferrous commercial group.
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22 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index dropped to $426.14 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Tuesday May 22, down from $432.58 a day earlier.
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22 May 2012
Following market consultation, Metal Bulletin has decided to discontinue those weekly assessments for which it also publishes prices based on its established and leading index methodology. In each case, the assessment will be discontinued while Metal Bulletin will continue to publish the respective indices.
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22 May 2012
Ferrous scrap buyers in Indonesia could stop importing for the rest of the year because a government clampdown on imports of dangerous materials has caused severe delays in getting material through customs.
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22 May 2012
Ferrous scrap sellers are this week continuing their attempts to make more sales by cutting their offer prices for ferrous scrap to be imported into India, traders and merchants told Metal Bulletin on Tuesday May 22.
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22 May 2012
China’s imports of iron ore fell in April, while ferrous scrap imports rose month-on-month.
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22 May 2012
AMM launched its weekly ferrous scrap export indices Monday, with the East Coast index trending lower than its West Coast counterpart following a recent bulk sale to Turkey.
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22 May 2012
US East Coast ferrous scrap export yards have dropped buying prices by $10 to $20 per gross ton in the past week as negative sentiment pervades the market.
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21 May 2012
OneSteel Recycling Inc. is in the process of opening its fifth operation in Maine.
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21 May 2012
A story in the May 21 edition incorrectly stated that Schnitzer Steel Industries Inc. expects to record a loss in its fiscal third quarter ending May 31. Schnitzer expects weaker overall financial results compared with its fiscal second quarter, with an operating loss anticipated in its steel manufacturing segment.
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21 May 2012
UK stainless scrap company ELG Haniel Metals reported lower profits in 2011 as falling nickel prices in the last three quarters of the year, along with lower demand, affected the company’s financial results.
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21 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index fell to $432.58 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Monday May 21, down from $436.06 on May 18.
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21 May 2012
The Mediterranean Shipping Company (MSC) will raise container freight rates on the Europe-to-Asia outbound route with effect from June 1, the company said on Friday May 18.
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19 May 2012
Industrial Services of America Inc. (ISA) founder, chairman and chief executive officer Harry Kletter is looking to step down within months.
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19 May 2012
US ferrous scrap export prices to Turkey have fallen about $20 per tonne from the prior sale after one exporter completed North America’s only bulk sale to Turkey on Thursday.
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19 May 2012
At least half a dozen major scrap suppliers have confirmed they have cut off shipments—or are demanding payment in advance—at RG Steel LLC’s mills in Warren, Ohio, and Sparrows Point, Md.
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18 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index fell to $436.06 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Friday May 18, down from $440.36 on May 17.
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18 May 2012
Trade on the 18/8 stainless steel scrap solids UK inter-merchant market slowed this week on worries over the possible disintegration of the eurozone and weak nickel prices.
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18 May 2012
US steel mills, traders say they are anticipating a softer domestic scrap market in June, with early speculation ranging from steady prices to a drop of between $5-20 per gross ton across all grades, market participants told AMM.
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18 May 2012
Plans are under way to install a third auto shredder in Oklahoma City, but local players contend the area is already oversaturated.
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17 May 2012
Prices for ferrous scrap exported from the UK fell this week as demand for containerised material dropped off, merchants and traders told Metal Bulletin.
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17 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index fell to $440.36 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Thursday May 17, down from $443.10 on May 16.
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16 May 2012
Maersk Line, the shipping arm of the Danish group Maersk, is aiming to improve container rates throughout this year, it said in its first quarter 2012 results on Wednesday May 16.
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16 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index fell to $443.10 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Tuesday May 16, down from $443.27 on May 15.
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16 May 2012
Ferrous scrap offers into Southeast Asia fell by $10 per tonne in the week to Wednesday May 16, as buyers stayed out of the market.
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16 May 2012
Japanese ferrous scrap prices continue to fall, with those at the latest export auction held by Osaka-based dealers lower than those heard at a similar event held earlier this week by their Tokyo-based counterparts.
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16 May 2012
Imposing export barriers on used electronics will have an impact on US jobs and global competitiveness; a number of scrap metal industry players told the U.S. International Trade Commission (ITC) on Tuesday, May 15.
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15 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index fell to $443.27 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Tuesday May 15, down from $444.16 on May 14.
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15 May 2012
Ferrous scrap sellers kept their offer prices unchanged on Tuesday May 15 as higher costs for container freight kept levels firm, traders told Metal Bulletin.
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15 May 2012
ThyssenKrupp Stainless LLC has kicked off discussions with stainless scrap companies to try to secure feedstock for its facility in Calvert, Alabama when its melt shop starts up in December.
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15 May 2012
Two Rhode Island scrap metal recyclers have been ordered to cease operations for allegedly violating water pollution laws in the state and expanding the scope of their operations without permission.
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15 May 2012
Steady flows of obsolete scrap during the warm winter months in New England and the Mid-Atlantic region in North America have had an adverse effect on this spring’s seasonal flows, sources told AMM.
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15 May 2012
The Ohio Environmental Protection Agency (EPA) has sent out a half-dozen notices of violation following a recent inspection of a bankrupt scrapyard, seeking the parties responsible for cleaning up the site.
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14 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index fell to $444.16 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Monday May 14, down from $446.93 on May 11.
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12 May 2012
Strong buying by four of the top five offshore consumers of US scrap lifted overall scrap export volumes in March.
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12 May 2012
US ferrous scrap export prices dropped this past week after exporters failed to log any meaningful bulk or containerized scrap sales.
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11 May 2012
Tube City IMS LLC is setting up a $23-million facility on the site of ThyssenKrupp Stainless USA Inc.’s Calvert, Ala., plant in order to support the melt shop start-up in December.
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11 May 2012
Ferrous scrap prices in the UK market dropped by around £8-10 ($13-16) per tonne for deliveries in May as a weakness in the export market led to lower domestic levels, merchants told Metal Bulletin.
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11 May 2012
Prices for UK 18/8 stainless steel scrap solids prices widened on Friday May 11, as merchants in need of material raised bid prices to compete with their European counterparts.
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10 May 2012
A metal recycler operating in Ohio and Pennsylvania has filed for Chapter 11 bankruptcy protection, citing an issue with its lending institution as the main driver behind the move.
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10 May 2012
Industrial Services of America Inc. (ISA) is constructing a used auto parts salvage operation adjacent to its shredder as part of its strategy to increase its yield of valuable metals.
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10 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index was unchanged at $447.94 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Thursday May 10.
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10 May 2012
Following a review of its ferrous scrap prices portfolio, Metal Bulletin is proposing the following changes to its weekly assessments.
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10 May 2012
Turkish steel mills are increasingly attracted to the higher quality of US scrap, as official figures show a rise by more than a quarter from the country in the first quarter of 2012 against last year.
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10 May 2012
Two large East Coast ferrous scrap exporters have lowered their buying prices at the docks by $10 per gross ton, according to a number of market sources.
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09 May 2012
A takeover in the Austrian scrap metal sector involving Scholz Austria now looks likely to go ahead after the deal secured competition approval from the European Commission.
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09 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index fell to $447.94 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Wednesday May 9, down from $448.64 the day before.
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09 May 2012
West Coast ferrous scrap exporters struggled to get meaningful sales off the ground last week as Asian consumers stayed clear of higher-priced offers for bulk material.
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08 May 2012
Appliance Recycling Centers of America Inc. (Arca) fell into the red in the first quarter, due largely to the cost of investments.
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08 May 2012
Indian ferrous scrap import prices widened further this week on thin buying interest from Indian consumers, market participants told Metal Bulletin on Tuesday May 8.
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08 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index was close to being unchanged at $448.61 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Tuesday May 8, down from the last publication on Friday May 4 at $448.64.
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08 May 2012
Tokyo Steel has reduced its scrap charges further, making them the lowest in three months, as manufacturers once again ramp up production after the Golden Week holiday period.
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07 May 2012
Tube City IMS parent company TMS International Corp. saw its first-quarter net income plunge 98.2 percent despite a 12.5 percent rise in sales, but the company is bullish on the domestic market, executives said during the company’s earnings call.
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07 May 2012
The US East Coast ferrous scrap export market remained unchanged in the past week despite just one bulk cargo sale to Turkey and minimal interest from India.
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07 May 2012
SMS Mill Services LLC has been awarded a scrap management and handling services agreement by steelmaker Warren Steel Holdings LLC, Warren, Ohio.
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05 May 2012
Aggressive pricing by St. Louis steel mills fueled by a surplus of No. 1 busheling has finally pushed the prime grade’s price below that of shredded steel scrap, which traded sideways this month.
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04 May 2012
Upstate Shredding LLC-Ben Weitsman & Son Inc. has expanded its western New York footprint with its purchase of a Buffalo salvage yard.
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04 May 2012
New Jersey recycler Cinelli Iron & Metal Co. is set to relocate its headquarters now that it has completed a major expansion of what was once its satellite yard.
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04 May 2012
A Pennsylvania scrap processor with three locations has changed its name to better reflect the focus of its business.
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04 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index was close to unchanged at $448.64 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Friday May 4, from $448.49 a day earlier.
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04 May 2012
A UK mill settled its May-delivery ferrous scrap contracts early this month, passing on a £10 ($16) month-on-month reduction to merchants after dock prices fell last week, market participants said.
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04 May 2012
The Mid-Atlantic ferrous scrap markets have emerged as the strongest this month as prices in Philadelphia increased for significant obsolete and prime scrap grades.
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04 May 2012
The Chicago ferrous scrap market has settled mostly sideways this month across most grades, with busheling scrap recording slight price weakness.
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04 May 2012
Metalico Inc. expects lackluster performance in the current quarter after first-quarter results tumbled.
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04 May 2012
Stainless scrap prices held steady this month as falling demand from stainless mills and softer nickel tags were offset by a pickup in demand from export yards and an unwillingness by dealers to sell at lower prices.
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04 May 2012
Harsco Corp. said it was caught off guard by weaker global demand from its steelmaking customers, adding that demand from European and Middle Eastern markets might not return until the second half of the year.
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03 May 2012
The Pittsburgh ferrous scrap market is showing resilience, with prices settling sideways after retreating in April, although some sources differed on the No. 1 busheling price in the area.
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03 May 2012
Midwest ferrous scrap markets have indicated a predominantly sideways trend for this month after Detroit steelmakers settled at prices that were unchanged from April across all grades.
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02 May 2012
Pacific Steel & Recycling has purchased an Idaho-based steel distributor and scrap processor for an undisclosed sum.
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02 May 2012
Higher sales and shipments weren’t enough to bolster results for PSC Metals Inc., which swung to a loss during its fiscal first quarter.
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02 May 2012
Metal Bulletin’s Daily Ferrous Scrap Index rose to $448.49 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Wednesday May 2, up from $447.79 a day earlier.
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02 May 2012
Reserve Management Group (RMG) has bought the assets of steel mill and foundry by-products processor Akron Iron & Metal LLC, the company said.
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02 May 2012
An Atlanta-based scrap brokerage firm that represents one overseas customer has purchased property and plans to enter the scrap metals recycling and auto shredding arenas.
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April 2012
30 April 2012
An Atlanta recycler is seeking to open a metal recycling facility with outdoor storage.
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30 April 2012
Prices at UK docks for intermerchant ferrous scrap fell on Friday April 27 as increased freight costs to India weighed on domestic prices at the docks in Liverpool, merchants told Metal Bulletin on Monday April 30.
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30 April 2012
Metal Bulletin’s Daily Ferrous Scrap Index was almost unchanged at $447.57 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Monday April 30, up from $447.70 on Friday April 27.
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30 April 2012
Oryx Stainless increased its turnover by 6.25% in its financial year ending on December 31, 2011, the Netherlands-based stainless scrap trader said last week.
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30 April 2012
Salvage operations on the cruise ship Costa Concordia, which in January crashed off the Italian island of Giglio, off Tuscany, will begin soon and are expected to yield around 45,000 tonnes of scrap steel.
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27 April 2012
Metal Bulletin’s Daily Ferrous Scrap Index rose slightly to $447.70 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Friday April 27, up from $447.53 a day earlier.
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27 April 2012
Stainless steel scrap solids inter-merchant prices increased in the UK on Friday April 27 on a rise in London Metal Exchange nickel costs, market participants told Metal Bulletin.
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26 April 2012
Belinda J. Morris, a former executive of South Bend, Ind.-based US Scrap & Recycling LLC, died Wednesday after an 18-month battle with cancer.
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26 April 2012
The Port of Antwerp in Belgium handled 46.3 million tonnes of freight in the first quarter of 2012, down by 2.2% compared with the same period last year, according to a statement on Thursday April 26.
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26 April 2012
Metal Bulletin’s Daily Ferrous Scrap Index was unchanged for a second day at $447.53 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Thursday April 26, up from $447.01 a day earlier.
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26 April 2012
Turkish mini-mills have kept billet export prices unchanged for a seventh consecutive week due to stability in ferrous scrap prices from US suppliers.
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26 April 2012
Mill services provider Phoenix Services LLC has strengthened its foothold in the Chicago region, landing its fourth contract to service ArcelorMittal SA’s steelmaking operations in the area.
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25 April 2012
A recycler has filed an antitrust lawsuit alleging that a competitor is trying to drive it out of business.
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25 April 2012
Metal Bulletin’s Daily Ferrous Scrap Index was unchanged for a second day at $447.01 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis on Wednesday April 25, up from $446.86 a day earlier.
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25 April 2012
Prices for ferrous scrap imported into Spain were unchanged this week as demand for scrap internationally waned, market participants told Metal Bulletin.
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25 April 2012
The European Metal Recycling (EMR) scrapyard in Willesden, west London, is expected to reopen on Wednesday March 25 after an outbreak of fire the previous afternoon, a spokeswoman told Metal Bulletin.
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25 April 2012
The Italian parliament has passed an amendment removing recently imposed changes to waste shipping regulations affecting scrap metal exporters, a market source told Metal Bulletin on Wednesday April 25.
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25 April 2012
Following a review of its ferrous scrap prices portfolio, Metal Bulletin is proposing to discontinue those weekly assessments for which it also publishes prices based on its established and leading index methodology.
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25 April 2012
Following a review of regional transaction data, Metal Bulletin is proposing the following changes to the base currencies for the following steel prices.
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24 April 2012
Offer prices for ferrous scrap imported into India held firm this week as buyers looked for prompt tonnages or material already on the water, market participants told Metal Bulletin on Tuesday April 24.