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Metals

  • Scrap Metals MarketWatch | SEP 2014

  • June steel imports decrease by 11 percent from May

    Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,586,000 net tons (NT) of steel in June, including 2,706,000 NT of finished steel (down 11.1 percent and 8.0 percent, respectively, versus May final data).

  • Novelis increases prices for sheet products

    Novelis disclosed price increases on its North American automotive and specialty aluminum sheet products for all new orders effective immediately.

  • Columbus Scrap awarded Scrap Company of the Year

    The American Metal Market awards for steel excellence honor best-in-class companies in or in support of the steel industry.

  • Novelis casts first ingot at facility

    Novelis successfully cast the first production-sized ingot – almost 10 meters long – at its new aluminum recycling and casting center in Nachterstedt, Germany.

  • Timken declares 369th consecutive dividend

    The Timken Company board of directors declared a quarterly cash dividend of $.25 per share. The dividend is payable on September 3, 2014, to shareholders of record as of August 19, 2014.

    This marks the 369th consecutive quarterly dividend paid on the common shares of the company since The Timken Company joined the New York Stock Exchange in 1922, one of the longest-running dividend records among NYSE-listed companies.

    Published in the September 2014 Edition of American Recycler News

  • Nucor’s executive vice president Grass to retire

    Nucor Corporation’s executive vice president of raw materials and chief executive officer of The David J. Joseph Company (DJJ), plans to retire effective September 12, 2014.

    Grass joined DJJ in 1978. He began his career as a brokerage representative and then as district manager of several DJJ trading offices. He was appointed vice president of trading in 1992. From 1996 to 1998, Mr. Grass served as president of DJJ’s International Division. He headed the Metals Recycling Division during 1999 and served as president of DJJ from 2000 until December 2012. Mr. Grass has served as CEO of DJJ since 2000 and was appointed executive vice president of Nucor Corporation when DJJ became part of Nucor in 2008.

    Upon the retirement of Grass, Joe Stratman, who began his Nucor career in 1989 and has served as executive vice president since 2007, will assume responsibilities for the raw materials group, which, in addition to DJJ, includes Nucor’s natural gas investments and logistics.

    Published in the September 2014 Edition of American Recycler News

  • Spurgeon chosen as Eriez’s product manager

    Ray Spurgeon has assumed the role of product manager-metal detection at Eriez. Spurgeon will now oversee and handle metal detection inquiries, OEM and major account growth, orders, product development and improvements, marketing, training and sales forecasts as well as other functions.

    Since joining Eriez in 1995, Spurgeon has served in various capacities within the company. In his most recent role, he assisted with the successful 2013 release of Eriez’ new Xtreme® Metal Detector and was responsible for the development of new OEMs for this line.

    Published in the September 2014 Edition of American Recycler News

  • Riddell joins MetalX in management role

    MetalX LLC disclosed that industry veteran David Riddell has joined the company’s management team, effective immediately. As a senior marketing executive, Riddell will be focused primarily on nonferrous commercial and marketing activities in support of the company’s growing nonferrous business.

    Riddell’s background includes extensive experience in the aluminum and white metals sector, having been involved in scrap purchasing, brokerage, and commercial management roles for companies in secondary smelting, sheet mill operations, and international metal trading.

    Riddell joins MetalX at a time when the company is expanding the scope of its nonferrous business to incorporate wire chopping, metal extraction technologies, and the production of customized melt products with its more traditional nonferrous scrap processing capabilities. The company began development of a state-of-the-art nonferrous facility in Auburn, Indiana, earlier this year.

    Published in the September 2014 Edition of American Recycler News

  • Ajita Rajendra elected CEO of A. O. Smith Corp.

    The Timken Company’s board of directors has elected Ajita G. Rajendra a director of the company for a term that expires at its May 2015 annual meeting. The election brings The Timken Company board to 10 directors.

    Rajendra serves as the chairman, president and chief executive officer of A. O. Smith Corp., a $2.2 billion global water technology company based in Milwaukee. The company is one of the world’s leading manufacturers of residential and commercial water heating and hydronic heating equipment.

    Rajendra has held a wide range of finance, operations, marketing and executive management positions throughout his 35 year career and has broad experience serving on corporate boards. He currently serves on the board of Donaldson Company, Inc., a manufacturer of filtration products based in Minneapolis. He previously was a director of Industrial Distribution Group, Inc., from 2007 until its acquisition by Eiger Holdco, LLC in 2008.

    Rajendra was named A. O. Smith president and chief executive officer in January 2013, and was elected chairman of the board in April 2014. He has served on the A. O. Smith board since 2011.

    Prior to joining A. O. Smith in 2005, he previously served as senior vice president at Kennametal Inc., a manufacturer of cutting tools, from 1998 to 2004. He began his career in 1978 with Corning Incorporated of Corning, New York.

    Published in the September 2014 Edition of American Recycler News

  • Novelis completes sale of consumer foil business

    Novelis Inc. has completed the sale of its North American consumer foil products business to Reynolds Consumer Products LLC for $33.75 million. The transaction includes foil manufacturing plants in Toronto, Ontario and Vancouver, BC, in addition to sales offices and distribution facilities in other locations.

    Published in the August 2014 Edition of American Recycler News

  • Scrap Metals MarketWatch | AUG 2014

  • April steel shipments down 1.2 percent from March

    The American Iron and Steel Institute (AISI) reported that for the month of April 2014, U.S. steel mills shipped 8,235,096 net tons, a 1.2 percent decrease from the 8,337,578 net tons shipped in the previous month, March 2014, and a 3.2 percent increase from the 7,978,531 net tons shipped in April 2013. Shipments year-to-date in 2014 are 32,086,347 net tons, a 1.7 percent increase versus 2013 shipments of 31,547,910 net tons for four months.

    A comparison of April shipments to the previous month of March shows the following changes: hot rolled sheet, up 2.0 percent; hot dipped galvanized sheets and strip, no change; and cold rolled sheet, down 0.1 percent.

    Published in the August 2014 Edition of American Recycler News

  • May SIMA imports data reflect import market share at 27 percent in May

    Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of May total 3,950,000 net tons (NT).

  • Scouts recycle more than 57,000 pounds of cans

    Girls Scouts of Kansas Heartland Council received the National Recycling Champion award in the third annual Great American Can RoundUp (GACR) Scout Council Challenge by recycling 32,199 lbs. of aluminum cans and generating more than $16,000 for scouting activities.

  • MRS facilities receive award

    All four Metal Recycling Services (MRS) locations won the North Carolina Department of Labor’s “Certificate of Safety Achievement” for 2013.

  • Steel imports increase 7 percent in May

    Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 4,016,000 net tons (NT) of steel in May, including 2,925,000 NT of finished steel (up 7.4 percent and 6.4 percent, respectively, vs. April final data).

  • Premier Oil Field Services changes its name

    Premier Oil Field Services now operates under a new name, American Metals Recovery & Recycling Inc.

    Also as part of the new move, the company will now trade as AMRR. The name change reflects the evolution of the company into the metals recycling industry.

    Published in the July 2014 Edition of American Recycler News

  • Western Metals acquires Utah recycling facilities

    Western Metals Recycling (WMR) purchased the assets and business of Sims Metal Management’s Utah recycling facilities. The operations include a shredder facility in Salt Lake City and a feeder yard in Orem, Utah. Western Metals Recycling is wholly owned by The David J. Joseph Company (DJJ), a subsidiary of Nucor Corporation.

    Published in the July 2014 Edition of American Recycler News

  • Aleris completes acquisition of Nichols

    Aleris has completed its acquisition of Nichols Aluminum, LLC, a producer of aluminum sheet for the transportation, building and construction, machinery and equipment in North America.  

    The acquisition includes two production facilities in Davenport, Iowa, a facility in Decatur, Alabama, and a facility in Lincolnshire, Illinois. The company has agreed to pay $110 million in an all-cash transaction.

    Published in the June 2014 Edition of American Recycler News