December 2011

Wash. state UBC recycling rate falls

Washington state’s overall recycling rate reached a record 49 percent in 2010, outperforming the national average of 34 percent of disposable items diverted from landfills, even as aluminum can and nonferrous metals recycling bucked the trend, posting recovery rates lower than in the previous year.

US e-waste legislation gaining support

The potential to create jobs and stop toxic electronic waste from being exported has spurred the world’s largest recycler to support proposed federal legislation.

DAILY SCRAP REPORT: North American ferrous offer prices to Turkey rise

Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $464.22 per tonne on an HMS 1&2 (80:20) basis on Friday December 30, up from $463.30 on December 29.

Boliden secures $110m EIB loan for e-scrap recycling facility

Boliden has gained a credit facility worth up to €85 million ($110 million) from the European Investment Bank (EIB) for the expansion of its electronic scrap recycling facility.

Shredded ferrous scrap offer prices to India pushed up by global competition

Bullish merchants increased their offer prices for shredded ferrous scrap to India this week, in line with recent trade to Turkey, traders told Metal Bulletin.

US aluminum group looks toward sustainability

The Aluminum Association is hoping that 2012 will offer more opportunities to promote recycling and sustainability initiatives while it works through more difficult environmental legislation.

Trade, currency lead US lobbying efforts

Currency manipulation and free trade were at the top of the agenda in the third quarter for metal lobbyists on Capitol Hill, according to disclosures filed with the House of Representatives.

Icahn adopts ‘all-or-nothing’ CMC approach

Icahn Enterprises Holdings LP has advised Commercial Metals Co. (CMC) shareholders that it has adopted an all-or-nothing approach in its quest to acquire the company at $15 per share.

Port of Rotterdam annual iron ore and scrap throughput down 6% in 2011

Iron ore and scrap deliveries at one of Europe’s busiest ports fell in 2011, with steel output shutdowns in Europe in the second half of the year one of the main reasons, the Rotterdam port authority said.

DAILY SCRAP REPORT: ex-US ferrous cargo prices breach $465 cfr level to Turkey

Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $463.30 per tonne on an HMS 1&2 (80:20) basis on Thursday December 29, up from $458.05 on December 28