Scrap Processors: Shredders

The capacity for EAF steelmaking is growing both in the US and abroad. Ferrous scrap supply has never been more important. A lot of people have viewed the scrap industry as old-fashioned and resistant to change. However, the same forces affecting the steel and other industries are also at play in recycling. The post SMU Spotlight: Randy Knibbe details PADNOS’ growth in US scrap industry appeared first on Steel Market Update.

Global recycler Sims Limited says it will conduct a full strategic review of its activities in Britain, following on from an operational assessment of the business. “Supporting a strategic review have been expressions of interest from potential buyers indicating that these assets may well deliver enhanced value to the company’s shareholders through alternative ownership,” the […]

Steel Dynamics Inc. (SDI) scrap subsidiary OmniSource has acquired a 55-acre rail-served tract near the Port of Houston to expand its metal recycling operations along the Gulf Coast. The post SDI Subsidiary OmniSource Buys Site Near Houston appeared first on Steel Market Update.

The announcement that Republic Steel in Canton, Ohio, is going to permanently cease operations disappointed many scrap suppliers in Ohio and Pennsylvania. The post Ferrous Scrap: Republic Steel Closing – End of an Era appeared first on Steel Market Update.

Global metal recycler Sims Limited has conditionally agreed to acquire ferrous recycler Baltimore Scrap Corp (BSC) and affiliated companies. Operating 17 sites across Maryland, Virginia, Pennsylvania, New York and New Jersey, BSC sells around 600,000 t/y of scrap. It runs four shredders and has what Sims described as extensive rail, barge and port infrastructure. “This […]

Sims Metal is expanding its extensive network of scrap recycling facilities in the US with the addition of Baltimore Scrap Corp. (BSC). The post Sims To Acquire Baltimore Scrap Corp. appeared first on Steel Market Update.

Ferrous scrap prices increased from November to December, according to Steel Market Update sources, breaking the seven-month cycle of price declines. Buyers reported prime scrap prices increased roughly $30 per gross ton, while shredded prices rose $20 per ton. “Scrap prices are up a minimum $20-30 per ton this month,” reported one scrap executive. He […] The post Scrap Prices Rise in December, Higher Expectations for January appeared first on Steel Market Update.

Steel Market Update sources report ferrous scrap prices declined by as much as $30 per gross ton in September, going against previous expectations that prices would remain stable or even increase. September marks the sixth consecutive month of declines since March–April’s record high prices. Prime scrap fell by $30 per gross ton from the month […] The post Scrap Prices Decline in September, Against Expectations appeared first on Steel Market Update.

Steel Market Update sources expect ferrous scrap prices to be sideways or rise slightly going into September. The move would potentially end the four-month streak of declines seen since the spring’s record high tags. Obsolete grades are anticipated to remain relatively stable from August to September, while prime scrap is expected to increase $20-$30 per […] The post September Scrap Prices Expectations Sideways or Rising appeared first on Steel Market Update.

Steel Market Update sources expect ferrous scrap prices to decline in June, following record high prices in March through May. Some expect prime grades to decline as much as $50 per gross ton from May, with obsolete grades down anywhere from $20-$50 per ton. “Markets are worsening by the day. It looks like there is continued […] The post Scrap Prices Expected to Decline $30-50/ton in June appeared first on Steel Market Update.