• On Jun, 11, 2019
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St. Lious, Missouri-headquartered Alter Trading Corporation announced that it has purchased substantially all of the assets of Schneider’s Iron & Metal, Inc.- a leading scrap metal processor based in Kingsford, Michigan. With this acquisition, Alter Trading has expanded its footprints into Michigan. The transaction came to a close in May 31, 2019, said the press […]

• On Jun, 10, 2019
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A provision in the proposed Regulatory Reform bill would give cities in North Carolina the ability to bypass the state-wide ban on electronic products in landfills. These electronics include older “tube TVs,” a product becoming widely unused in America and are frequently discarded. CRT television sets contain cathode ray tubes and a wide variety of […]

• On Jun, 10, 2019
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West Fraser announced temporary production curtailments at five British Columbia sawmills. According to company press release, all mill activities will be suspended for a period of one week at the following B.C. area sawmills- Chetwynd, Quesnel, Williams Lake, Smithers and Fraser Lake. West Fraser cited weak global lumber prices and escalated log costs as the […]

• On Jun, 05, 2019
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The European crude steel production recorded modest decline in April 2019. The domestic production totaled 14.064 million tonnes (Mt) during the month, as reported by the World Steel Association (worldsteel). This is lower by 4.2% when matched with the output of 14.687 Mt achieved by the region in the same month a year before. The […]

• On Jun, 05, 2019
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The Dubai Gold & Commodities Exchange (DGCX) recorded monthly Average Open Interest (AOI) of 406,203 contracts in the month of May this year. This is the highest average OI since 2016. The higher AOI was mainly on account of the spike in Indian Rupee (INR) trading during the month. Also, the ongoing political tensions across […]

• On Jun, 04, 2019
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The Greensboro City Council has voted to end the city’s glass recycling program. Waste Reduction Supervisor Tori Carle said downturns in the market for recycled glass forced the decision. “We did not make this choice lightly,” said Carle. “Greensboro is a community that loves to recycle, we know our residents want to recycle, but glass […]

• On Jun, 04, 2019
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China aims to grant import licenses and a first batch of import quotas by the end of June for soon-to-be restricted scrap metal shipments into the nation, a government spokesman said, slightly earlier than previously expected by the industry. The recycling branch of the China Nonferrous Metals Industry Association had said last month that the […]

• On May, 29, 2019
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The Saint John Council has reportedly submitted a letter to the New Brunswick Environment and Local Government Minister to go tough on the auto shredder operations of American Iron and Metal (AIM) at the Port of Saint John, New Brunswick. It must be noted that AIM’s controversial shredder facility is just two weeks away from […]

• On May, 28, 2019
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Hamburg, Germany-based Aurubis AG- the world’s largest copper recycler, reached an agreement towards acquisition of assets of the Belgian-Spanish Metallo Group. The acquisition of the company, believed to deliver attractive growth in future, will further strengthen Aurubis’ metal portfolio, especially metals like copper, nickel, tin, zinc and lead. The transaction is subject to approval by […]

• On May, 24, 2019
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Africa announced the implementation of the second phase of its plastic bag ban on May 16. Visitors are advised to avoid packing or carrying any plastic bags as they’ll have to leave these at a designated desk in the airport. The first phase of the country’s anti-plastic initiative began in 2017 to “protect the youth […]