March 2012

Sims names NA regional-level managers

Sims Metal Management Ltd.’s North American metals business is eliminating its East Region president position and transferring decision-making to the regional level.

Proler Steel picks up another US scrapyard

Proler Steel International LLC has made another acquisition, as well as signing an agreement with a trader to market all of its material.

Metalico doubling capacity at Pa. site

Cranford, N.J.-based Metalico Inc. says it plans to double its sorting and storage capacity at its Neville Island, Pa., facility through the construction of a new warehouse.

US aluminum alloy ingot market said two-tiered

Aluminum alloy ingot traders say a "two-tier market" has emerged on A380.1, with some traders refusing to move below $1.11 per pound while weak London Metal Exchange prices prompt others to continue discounting their quotes.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday:

European secondary Al price slip tempered by cracks in scrap market

European secondary aluminium prices remained broadly flat on Friday March 30 as the market slowed ahead of the Easter holiday, though prices dipped on the low end as some buyers in southern Europe secured lower numbers.

Boeing looks to setup closed-loop supply chain

Boeing Co. is already working with primary aluminum suppliers Alcoa Inc., Kaiser Aluminum Corp. and Constellium as it looks to set up a closed-loop supply chain for secondary aluminum as part of its scrap revert program.

Boeing will cease to run titanium scrap auctions

Boeing Co’s benchmark titanium scrap auctions are poised to become a thing of the past, and a similar fate might not be far behind for the Boeing’s secondary aluminium auctions, according to a senior executive of the aerospace company.

Breathing room for UK secondary aluminium producers as scrap prices finally fall

UK secondary aluminium producers were given a rare respite on Wednesday March 28, as scrap prices fell in the wake of lower aluminium prices on the London Metal Exchange.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday: