BY JOHN W. MILLER AND ALEX MACDONALD ArcelorMittal, the world’s biggest steelmaker, is girding for a rough winter after reporting subpar earnings Thursday, and it warned that a vulnerable European economy will depress steel demand. But the company said low inventory levels will help drive new orders when more consumers begin to buy cars and
By CLARE ANSBERRY And KRIS MAHER Article from: Wall Street Journal It could have been the ultimate caper. Two men steal a bridge in broad daylight about 60 miles northeast of Pittsburgh and take it to a large local scrap dealer, anticipating a nice payout for their efforts. But instead, they get a little over
Source: American Recycler Updated through third quarter 2011 Scrap metal market watch graph from 1st quarter 2007 to third quarter 2011 Over last quarter, scrap metal prices for crushed auto bodies rose 5% Over Q3 2010, scrap metal prices for crushed auto bodies rose 39% Over Q3 2009, scrap metal prices for crushed auto bodies
Source: American Recycler Updated October 6th, 2011. Scrap metal market watch graph from December 2006 to October 2011. Over last month, scrap metal prices for crushed auto bodies rose 2% Over last year, scrap metal prices for crushed auto bodies rose 31% Over two years ago, scrap metal prices for crushed auto bodies rose 76%
RECYCLING SCRAPPED AUTOMOBILES Recycling Steel and Iron Used In Automobiles Steel’s importance in automobiles We rely on automobiles to transport us from place to place. We also rely on automobiles to keep us safe. Fortunately auto manufacturers depend on steel to protect their customers. In addition to its strength, durability and dependability, steel is also
Have you ever driven by a house that had so many junk cars or junk car shells out front you either think that you must have missed the sign for their auto shop or why wouldn’t someone just have those removed? One of the most obvious reasons to get rid of your old junk car
Did you know that…? 1) Since World War II, the North American steel industry has reduced its energy intensity by 60%. This conservation of energy has also contributed to a significant reduction in the generation of carbon dioxide. 2) The North American steel industry has achieved a 90% reduction in the discharge of air and
Source: American Recycler The U.S. Army Chemical Materials Agency (CMA) recently completed a project that resulted in recycling more than 6.5 million pounds of steel. In September 2003, CMA began operating the Pine Bluff Ton Container Decontamination Facility at Pine Bluff Arsenal, Arkansas to decontaminate 4,307 ton containers (TC) stored at the arsenal. Although empty,
From: the American Iron and Steel Institute 1. Millions of tons of iron and steel are diverted from the waste stream to the recycling stream due to steel’s magnetic properties that make it the easiest material to separate from the solid waste stream. 2. Almost 69% of all steel is recycled in North America each
Source: American Recycler Updated September 6th, 2011. Scrap metal market watch graph from December 2006 to September 2011. Over last month, scrap metal prices for crushed auto bodies rose 1% Over last year, scrap metal prices for crushed auto bodies rose 36% Over two years ago, scrap metal prices for crushed auto bodies rose 82%