Recycled Steel

The World Steel Association (worldsteel) has highlighted the recyclability features of steel. Although steel is the easiest material in the world to recycle, many people are not aware of steel recycling and its benefits.

According to worldsteel, the magnetic property of steel results in easier extraction and separation by shredder. This makes steel the easiest material to recycle. For instance, the scrapping of end-of-life vehicles generates huge quantities of steel scrap. The steel products could be recycled infinite number of times without loss of inherent properties. Moreover, recycling promotes closed material loop and sustainability practices. On top of all of the above, steel recycling is also a major job creator.

The very process of steel recycling offers tremendous environmental benefits. As per estimates, every tonne of scrap recycled results in savings of nearly 1.5 tonnes of carbon dioxide, 1.4 tonnes of iron ore and nearly 740 kilograms of coal. The steel scrap is recycled to make new steel products. Currently, almost 85% of all end-of-life steel products are recycled. The steel recycling process uses only one-third of the energy when matched with the energy consumed for making steel from virgin materials.

Rough estimates suggest that nearly 630 million tonnes of steel is recycled every year. This is more than all other materials combined, thus making steel the true recycling champion, despite its long life span. The study conducted by John Dunham on behalf of the Institute of Scrap Recycling Industries (ISRI) indicates that the US scrap recycling industry alone accounted for recycling of 130 million metric tons of materials in 2014.

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Global Recycling Day

Global Recycling Day

About Global Recycling Day

Global Recycling Day is an initiative of the Bureau of International Recycling (BIR).

BIR is the global federation of the recycling industry, representing the interests of the global industry.

One of BIR’s key objectives is to promote recycling globally – showcasing its benefits to industry, policy makers and the wider community.

2018 marks the 70th anniversary of BIR (indeed 18th March is its 70th birthday), a landmark year in which to create a day which recognised the vital role recycling and the industry plays in protecting the planet.

The first ever Global Recycling Day will unite people across the world, highlighting the need to conserve our six primary resources (water, air, coal, oil, natural gas and minerals) and celebrating the power of the newly termed “Seventh Resource”- the goods we recycle every day. The new initiative is the brain child of Ranjit Baxi, who announced his vision for a day dedicated to recycling at the inauguration of his Presidency at BIR’s 2015 Dubai Convention.

Global Recycling Day will be a day of action, aimed at building a global approach towards recycling, calling on world leaders, international businesses, communities and individuals to make seven clear commitments in their approach to recycling. Consumers are also being asked to ask themselves some key questions about recycling, to think of it in a new way.

Metal Prices Stay Flat

Metal Prices Stay Flat

The North American copper scrap prices remained flat on ScrapMonster Price Index as on March 2nd, Friday. Aluminum and Steel scrap prices saw no change on Index. Brass scrap and Bronze scrap too reported no variation in prices over the previous day. Stainless Steel Scrap prices too remained flat on Index.

Copper Scrap Prices

The price of Alternator scrap remained flat over the previous day. The price of #1 Copper Wire and Tubing held steady at $2.92 per Lb. #2 Copper Wire and Tubing prices were also flat at $2.82 per Lb. The price of #1 Copper Bare Bright remained stable at $ 3.02 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery remained flat over the day. #2 Insulated Copper Wire 50% Recovery prices too were unchanged. #3 Copper-Light copper prices witnessed no change from previous day’s level of $2.72 per Lb.

The prices of Copper Radiator scrap witnessed no change from previous day’s levels. Copper Transformer Scrap prices remained unchanged. CuYokes and Cu/Al Radiator Ends prices too reported no change from the previous day.

Meanwhile, the prices of Cu/Al Radiators and Cu/Al Radiators/Fe held steady on March 2nd, 2018.

Harness Wire 35% Recovery and Heater cores prices were flat on Index.

The price of Romex Wire witnessed no change during the day.

The prices of Scrap Electric Motors, Sealed units, Starters and Xmas Lights saw no change from previous day price levels.

Aluminum Scrap Prices

1100 Scrap prices remained flat over the day. The prices of 3003 Scrap too were flat at $0.71 per Lb. The prices of 356 Aluminum Wheels and 6063 Extrusions/Fe too were unchanged.

The prices of 6063 Extrusions held steady over the day.

Meantime, prices of 5052 Scrap and 6061 Extrusions remained flat at $0.68 per Lb and $0.66 per Lb respectively.

The prices of Al/Cu Radiators and Al/Cu Radiators/Fe remained flat. Aluminum Radiators and Aluminum Radiators/Fe prices held steady. Aluminum Transformers and Breakage 50% Recovery prices remained unchanged on 2nd March, 2018.

Chrome Wheels remained flat on Index.

E.C Aluminum Wire prices remained unchanged over the day.

Litho Sheets and MLC Clips witnessed no change from previous day’s levels of $0.71 per Lb and $0.69 per Lb respectively.

Mixed Aluminum Turnings prices too remained unchanged.

The prices of Old Cast and UBC saw no change over the previous day.

Old Sheet, Painted Siding and Zorba 90% NF prices too held steady.

Steel Scrap Prices

#1 Bundle prices remained flat at $365 per MT.

The prices of #1 Busheling and #1 HMS too witnessed no change on 2nd March, 2018.

HMS 80/20 prices held steady at $280 per MT.

Sheet Metal, Shredded Auto Scrap and Structural Steel also reported no change in prices in comparison with the previous day.

Stainless Steel Scrap Prices

201 SS and 301 SS prices reported no change.

304 SS Solid prices too remained flat over the previous day.

304 SS Turning witnessed no variation in prices on 2nd March, 2018.

309 SS and 310 SS prices saw no change in price on a daily basis.

330 SS prices were flat at $1.10 per Lb.

Meantime, 316 SS Solid prices too remained unchanged on Index.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in the North American region remained totally flat on Index.

70/30 Brass Scrap, 80/20 Brass Scrap, 85/15 Brass Scrap and Brass Radiator scrap prices reported no change in prices on Friday, March 2nd, 2018.

Brass Radiator /Fe and Brass Radiator Ends prices maintained the previous day price levels.

Red Brass, Red Borings and Yellow Brass prices too remained flat on Index.

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ISRI 2017 Annual Report

The Institute of Scrap Recycling Industries (ISRI), Washington, has served its members for 30 years. In that time, few years have brought as much change as 2017 did, the association says. ISRI highlights the impact of these changes and the role the organization has played in helping the industry navigate the changing landscape in its 2017 Annual Report. Continue reading

Maintenance Tips

Plan for Downtime
It is imperative for shredders to be maintained regularly, especially within the waste industry, where a variety of materials is introduced into the shredder and processed at once. The best thing you can do for your operation to prevent large chunks of downtime is to routinely and thoroughly clean and maintain the shredding chamber. Rotating knives and replacing counter knives regularly is important to keeping the cutters sharp and performing optimally. One severely damaged knife can shut down a whole system if not dealt with proactively. Checking belts for wear and replacing them if necessary can also prevent any unwelcome surprises while the shredder is in operation.

Safety is Key
When preparing to access the cutting chamber on your shredding machine, lock-out/tag-out procedures should always be followed. Every shredder comes with access doors to the shredding chamber, making it easier to change screens, rotate or change knives and clean the rotor. With safety in mind, a safety switch prevents the machine from being turned on while the door is open. It is designed to protect personnel while they perform crucial preventative maintenance tasks, like knife rotation/replacement and basic clearing of any debris.

Metal Detection as Prevention
One of the best ways to prevent the introduction of foreign objects into your shredder is to install a metal detector along the shredder’s infeed conveyor. This can be an operation’s last chance to remove any metal pieces that may have gotten through the pre-sorting process. This is a small piece of technology that can make a huge difference in plant productivity due to decreased incidental down time. Prevention is the best cure.1 A lot of unnecessary downtime is required to remove harmful foreign objects and/or repair any damage those objects have caused within your machine; installing a metal detector that can prevent the introduction of those harmful materials in the first place is a much smarter approach.

Keep Operations Running
It has been said that hindsight is 20/20, and that is never more accurate than right in the middle of an unexpected maintenance emergency. Regularly performing preventative maintenance on your machine will lessen the chances for an unexpected issue. Moreover, anticipating problems before they happen allows you to implement measures into your waste-to-energy line that will keep your operation running smoothly and your shredder running.


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2018 Construction Boom

2018 Construction Boom

2018 is set to be the best year in the Construction industry since before the Financial Crisis of 2008.

Across numerous industries and sectors the stars certainly seem to be aligning to ensure that this year will be even better than last year in the Construction industry.

So what’s driving the Boom? We’ve compiled the 10 Reasons below that add up to a stellar year for the industry ahead.

10. Federal Tax Reform

Changes to the Federal tax code under the Tax Cuts and Jobs Act have Small Business Owners eager to make capital investments such as buying new equipment, building new offices and facilities, and kicking off expansion projects. The revised tax code allows them to capitalize on the up-front deductibility of those expenses. The National Foundation of Independent Business said in a recent article that Small Business Owner confidence hit an all-time high in December of 2017, with over 75% of small business owners planning on expanding their businesses in 2018. Now that small business owners can deduct the full value of any new capital expenditures they acquired in the new year, upgrading older equipment and launching new construction projects has never looked better.

9. Mother Nature’s Wrath

2017 proved to be the most costly year in US history when it came to Mother Nature’s property damage. According to a report by the NOAA, weather and natural disaster costs in the US and Territories exceeded $306 Billion last year, the highest in recorded history by nearly $80 billion. While of course terrible for victims and costly for those areas and people impacted, the silver lining is that a tremendous amount of rebuilding and repair is stretching into 2018. Thousands of construction projects are still underway or waiting to get kicked off. The billions of dollars committed by insurance companies as well as FEMA and other government programs are just reaching homeowner and business owner hands, and rebuilding, repair and restoration projects will be ongoing through this year.

8. Low Unemployment

Government statistics showed Q4 2017 to have the lowest Unemployment rates in two decades, with barely over 4% of job-seekers unable to find full-time employment. Consumer spending strength has also returned, with most retailers reporting the strongest Holiday season since before the 2008. More than 61% of US households reported having two or more full time wage earners, the highest number ever. All that buying power translates into businesses expanding to meet consumer demand as well as homeowners having the confidence to make home improvements and remodels.

7. Residential Real Estate Boost

Across the US, in major metro areas, real-estate prices reached all time highs in 2017. That has developers and homeowners all pushing a massive increase in real-estate building and construction. Homeowners want to take advantage of increased equity to finance remodel and additions, and developers are looking to exploit higher home prices with new construction projects this year while markets are heated. In a recent online Webinar, the National Association of Homebuilders demonstrated that over 70% of their members expect to hire more workers in 2018 to keep up with demand. And with interest rates still hovering at historic lows, there may be no time like the present to take out equity and refinance to cover an add on or remodel (see #4 below!).

6. Baby Boomer Cash-Out

Starting last year and ramping up this year, retirees are cashing in on long term tax-deferred retirement investments, particularly with stock markets at all-time highs. IRS tax regulations require certain types of investments to be distributed to the retiree before they reach age 71. As more and more retirees begin to approach that milestone and see equities at all-time highs, taking those distributions now makes more sense than ever. On the whole, retirees are gaining Billions of dollars, with one recent IRS report to Congress estimating that forced distribution of IRA investments would total $1.5 Trillion over the next 10 years. That’s $150 Billion per year leaving IRAs and hitting bank accounts. Aside from a travel and food, many retirees will look to remodel older homes or buy a retirement or vacation property. Many will also look to invest in rental properties to ensure steady income during and through their retirement. This should translate into billions of dollars yearly shifting from the equities markets and Wall Street over to Main Street industries like construction.

5. The Amazon Effect

More and more, businesses are following the Amazon-ification of everything, which means just-in time delivery and shipping. From Walmart to Costco to Gap, retailers across all categories are starting to offer free 2 day shipping and more of their product catalogs online. But competing with Amazon means that a single factory and warehouse in one part of the country no longer works. Amazon is famous for mastering the logistics of warehousing and shipping almost anywhere in the US in 2 days or less, and they did that by building dozens of warehousing and shipping facilities all across the country. Other retailers are following suit, building Warehouse and Commercial shipping near airports and population centers with sufficient demand. CNBC featured an article recently that indicates warehousing will be among the hottest sectors of Construction for the next several years.

4. Low Interest Rates

Even though the Federal Reserve has started to inch interest rates up, they are still low by historic standards. Additionally, with rates predicted to go up this year and next, businesses may seek financing for Construction projects this year, rather than wait and find themselves paying 1-2% more due to higher interest rates. Look for companies to push forward construction schedules to take advantage of rates before they move higher toward the end of this year and next.

3. Increased Contractor Confidence

A recent survey of the Independent Contractors of America group found that their members are all indicating an increase in requests for bids and busy schedules for 2018. Over 50% of members plan on making new Construction equipment purchases in 2018, and over 75% said 2018 should be busier than 2017. Numbers like that hint at more than just wishful thinking, and with all other indicators pointing to a boom year for new Construction, we’re inclined to agree.

2. Strong GDP

Jamie Dimon, CEO of Chase Bank, has gone on record foreseeing a 4% growth rate in Gross Domestic Product in 2018, the fastest pace since the late 90s and the dot-com boom. After several years of sub 2% annual GDP growth, 4% would be a welcome change for US companies. Since 1980, years with GDP growth above 3% were also years that saw spikes in New Home Construction, as well as Commercial and Manufacturing construction projects. If Mr. Dimon is correct, strong economic growth overall should provide the final catalyst the industry needs to see such growth in 2018. Maybe he was wrong about Bitcoin, but it seems he’ll be right about US GDP.

1. Infrastructure Spending

One area of Construction that lagged behind while the market grew has been Government projects. That should change in 2018, as the Trump Administration and a still Republican-controlled Congress have made Infrastructure spending a key piece of their legislative agenda in 2018. Look for the narrative to gain steam starting with the Spring congressional session. With 2018 being a mid-term election year, both parties will be looking to score points with voters by ensuring government funding comes to their state. Look for public works funding increases by the 2018 November mid-terms.

If you, too, anticipate the 2018 Construction Boom, you’re probably wondering how to capitalize on it.

In another article we’ll walk through what everyone from the average investor to the building contractor should be considering both in terms of investment and financing.

If you’re already a competitor in this very hot market, you’re probably thinking about buying equipment or finding the capital necessary for growth. Currency is one of the largest finance companies in the heavy equipment and construction industries, well positioned to help you compete. With Currency’s Express Finance, you can apply online and get approved in minutes. As a trusted partner of Rock & Dirt, you’re in good hands with Express.

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NFL announces zero waste plan for Super Bowl

The NFL, in partnership with PepsiCo, Aramark, U.S. Bank Stadium and the Minnesota Sports Facilities Authority, announced Rush2Recycle, a game plan to recover more than 90 percent-more than 40 tons-of stadium waste at Super Bowl LII on Feb. 4.

On game day, every chef, custodian and fan will be part of the team working to recover at least 90 percent of stadium waste by recycling bottles and cans; composting organic materials like food waste and serviceware; and repurposing items like discarded handbags, signage and construction materials through local community organizations. Continue reading

NY diverts more than 520 million of e-waste

NY diverts more than 520 million of e-waste

Commissioner Seggos says, “Over the first six years of the program, New York state has successfully diverted hundreds of millions of pounds of e-waste destined for landfills and combustion facilities to e-waste recyclers for reuse and recycling, helping conserve valuable natural resources.

DEC says it continues its efforts to address challenges associated with e-waste collection and recycling, particularly cathode ray tube (CRT) televisions and monitors by working with municipalities, industry representatives, recyclers and others to improve CRT collection and recycling. Continue reading

Industry Experts Share 2017 Highlights, 2018 Predictions

Industry Experts Share 2017 Highlights, 2018 Predictions

The waste and recycling industry started 2017 off strong, with commodity prices up from the year prior and the solid waste index once again beating the market.

“China’s proposed waste import ban is the most important systemic issue the industry has dealt with this year, and I think it will be something that we continue to deal with in 2018 and years to follow,” says David Biderman, CEO and executive director of SWANA. It’s a very substantial change for our local governments and our industry partners to manage the material in the wake of these restrictions.” In preparation of China’s waste import ban, materials management facility operators and recyclers in North America are working to make their material cleaner and finding other markets to enter, such as Southeast Asia, India and Latin America. “We would like to work with China to develop a mutual satisfactory timeline for these waste restrictions, and I am hopeful that the comments that we continue to file will either influence or have an impact on China’s waste import policy.” While many questions are left unanswered right now regarding the waste import ban and the challenges and opportunities that may come along with that ban, industry leaders are working with China and each other to try to reach a common ground. We’re hoping that China will work with us as partners to keep this very important market open.” Smarter Technology Comes Online This year was a groundbreaking year for technology in the waste and recycling industry, with new advancements being adapted in the truck and in recycling facilities. “There’s certainly been more automation and data collection at facilities and more management for collection this year, which has helped those in the industry make better business decisions.” Technology has also played a role in improving safety, which is important to those in the industry because the waste and recycling industry is on the top 10 most dangerous jobs in the U.S. “This industry is not a one-size-fits-all industry, and it’s exciting to see how these technologies, especially driverless vehicles, are impacting various areas of the industry.” Over the past couple of years, the industry, along with many other industries, has experienced a driver shortage.

Industry Associations Reach Milestones Three of the leading industry associations, SWANA, NWRA and EREF, reported positive growth and highlights for 2017.

“Many people I’ve spoken with in the industry are pleased that the tax reform bill is being enacted, as it reduces corporate tax rates, allows full expensing of certain capital investments for the next five years and increases the cap on such expensing from $500,000 to $1 million,” says Biderman.

In addition to government policy, development of food waste reduction strategies, the use of smart technologies, the exploration of new performance metrics, finding new markets for the exportation of materials and the implementation of plastic bag bans round out the initial predictions for the new year.

As far as the state of solid waste goes, Hoffman predicts that the 2018 core solid waste organic growth should be 3 percent to 5 percent, the recycling growth should be 0.5 percent to 1.0 percent depending on the sales ratio and the topline growth should track at 1.0 percent to 6 percent.

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44.7 million metric tons of electronic waste in 2016

44.7 million metric tons of electronic waste in 2016

The world produced 44.7 million metric tons of electronic waste in 2016, according to a new United Nations report.

Global e-waste ― discarded electronic and electrical goods such as cellphones, laptops, televisions, refrigerators and electrical toys – rose 8 percent from 2014 to 2016, according to the Global E-waste Monitor 2017 report, published on Wednesday.

Continue reading