News around the World.
News around the World.
Hammersmith, United Kingdom based information service provider Kallanish Commodities says the price differential between ferrous scrap and iron ore has hit a record level in August 2017.
The firm says that in mid-August, the cost of imported, blended No. 1 and No. 2 heavy melting steel (HMS) shipped to Turkey “settled at almost $370 per metric ton CFR (cost and freight).” That represented a figure $293 higher than “the current transaction levels for iron ore [62 percent iron] imported into China,” says Kallanish.
That $293 differential checks in at more than $15 above the previous record level registered in May 2016, which was $277, according to Kallanish’s research.
The U.K. research house says that unlike the May 2016 situation, when the market reacted rapidly to the differential with a quick $100 per ton drop for scrap, “This year the fundamentals supporting the raw material prices seem to be stronger (both for scrap and iron ore).” However, adds Kallanish, “such a high differential is set to hit significantly the profitability and competitiveness of electric arc furnace (EAF)-based producers, forcing the scrap market to correct sooner rather than later.”
The analysis also refers to “steel prices globally [that] are continuing to recover, with increases registered across the globe, from Chinese hot-rolled coil to Brazilian flat products.” Adds Kallanish, “The market is set to enter the last month of the third quarter in high spirits [and while the fourth quarter] will bring mixed signals, a real decline in prices is not yet expected, and producers could well be able to end the year with selling prices [that are] firm.”
Article from http://www.recyclingtoday.com/article/ferrous-scrap-iron-ore-price-spread-kallanish/
ISRI offers free Recycling safety training
ISRI offers free Recycling safety training
The Institute of Scrap Recycling Industries (ISRI), Washington, has announced the formation of a “Hazard Recognition in Recycling” safety training program, a series of free classes across the country.
“The offering of a free Hazard Recognition in Recycling training program further emphasizes that safety is a core value for ISRI,” says Terry Cirone, vice president of safety for ISRI. According to OSHA the focus of the program includes providing “training and education for workers and employers on the recognition, avoidance and prevention of safety and health hazards in their workplaces.” For additional information, including how to host a class at your facility, please contact ISRI Safety at ISRIsafety@isri.org.
Read entire article: http://www.recyclingtoday.com/article/free-isri-recycling-industry-safety-training/
ISRI DOT Self-Audit Checklist
ISRI DOT Self-Audit Checklist
Purpose and Scope: Being in compliance with this self-audit checklist does not mean
that a motor carrier or an individual driver is exempt from monetary fines and penalties.
The purpose of this self-audit is to identify opportunities where management can
improve a motor carrier’s overall safety performance and safety management controls.
This self-audit checklist is comprised of six components:
1. General Responsibilities
2. Driver Responsibilities
3. Operational Responsibilities
4. Vehicle Responsibilities
5. Hazardous Material Responsibilities
6. Crash Responsibilities.
Read through the checklist items to determine if you have a policy or management
controls in place that addresses these responsibilities. As a best practice, we
recommend that you perform the audit in portions, over a two to three day period, and
that you conduct a self-audit annually
View the ISRI DOT Self-Audit Checklist: http://www.isri.org/docs/default-source/transportation-safety/self-audit-checklist/isri-dot-self-audit-checklist.pdf?sfvrsn=6
Scrap Gold, Silver and Platinum prices held steady on Index.
Scrap Gold, Silver and Platinum prices held steady on Index.
The prices of 18 carat and 22 carat gold scrap too witnessed no change at $ 907.22 and $ 1,108.02 per Oz respectively.9 carat gold scrap also held steady when compared with the day before. The prices of 18 carat and 22 carat gold scrap too remained flat at $ 858.12 and $ 1,048.05 per Oz respectively.9 carat gold scrap also held steady when compared with the day before.
Read entire article: http://www.scrapmonster.com/news/27th-june-2017-scrap-gold-silver-and-platinum-prices-held-steady-on-index/1/65323
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Stand Down 4 Safety
Stand Down 4 Safety
Fatalities caused by falls from elevation continue to be a leading cause of death for construction employees, accounting for 350 of the 937 construction fatalities recorded in 2015 (BLS data). Those deaths were preventable. The National Fall Prevention Stand-Down raises fall hazard awareness across the country in an effort to stop fall fatalities and injuries. (more…)
North American copper scrap prices report marginal increase
TORONTO (Scrap Monster): The North American copper scrap prices climbed higher marginally on ScrapMonster Price Index as on May 1st, Monday.
The price of Alternator scrap remained unchanged over the previous day. The price of #1 Copper Wire and Tubing rose by $0.02 per Lb. #2 Copper Wire and Tubing prices were also up by $0.02 per Lb. The price of #1 Copper Bare Bright went higher by $ 0.02 per Lb.
The prices of #1 Insulated Copper Wire 85% Recovery remained unchanged over the previous day. #2 Insulated Copper Wire 50% Recovery prices remained flat on Index. #3 Copper-Light copper prices went higher by $0.02 per Lb to touch $2.16 per Lb. (more…)
Earth Day 2017: A Billion Acts of Green
Earth Day 2017
Create Your Own Act of Green
Here Are Some Fun Ideas for your own Act of Green!
- “My classroom wrote 27 letters to the President about climate change.” Emily, Philadelphia PA
- “I gave up smoking as an act of green. I would have generated 730,000 cigarette butts and my kids would have inhaled my second hand smoke.” Larry, New Orleans
- “I planted 10 fruit trees for my less fortunate neighbor. He likes oranges.” Ted, Tampa FL
- “My family decided to stop eating meat for a month. We will let you know how that goes.” Barbara, Des Moines
- “I voted for candidates who believe that climate change is real. I guess I will have to get a few more of my friends the next time.” Julio, Phoenix
American Recycler News Equipment Spotlight: Moley MagStar Generators
American Recycler News Equipment Spotlight: Moley MagStar generators
Moley Magnetics is a manufacturer of scrap yard magnets, shears, grapples and magnet controllers/generators. “I think most would agree that magnets are a crucial part of most ferrous recycling operations and as such the purchase and maintenance of magnets is a major focus. However, magnets aren’t a viable tool without a proper generator and controller,” Ron Slaby, vice president of sales, stated.
So, what does one look for from a generator and magnet controller? “In the past, they have been large, expensive, hard to maintain and offered little versatility. Moley Magnetics offers a solution to these issues. Our MagStar hydraulic or diesel generator is the latest development in low cost, modular controllers that offer the owner variable magnet operation programs – as well as built-in fault identification and an operational log,” Slaby said. (more…)
Copper and Brass Red Metal Scrap Recovery
Copper and Brass Red Metal Scrap Recovery
The value of primary copper, and thus copper and brass scrap, has fallen from some of the peak prices it reached earlier this decade and in the previous decade.
Following several years of sluggish copper markets, however, 2017 might finally be when a long-expected recovery takes hold, according to scrap dealers, copper producers and other observers in the industry.
Despite this agreement that 2017 will be a year of recovery, copper pricing might still be volatile, though most sources say it is highly unlikely that prices will fall as low as they did in early 2016.
China remains the largest consumer of copper and copper scrap, accounting for roughly 45 percent of world demand. (more…)
The Recycling Research Foundation
The Recycling Research Foundation (RRF)
The mission of The Recycling Research Foundation (RRF), a 501(c)(3) nonprofit, is to “promote the art and science of scrap processing and recycling through research, sponsorships, technical assistance, and educational programs for the purpose of advancing the industry.” RRF also administers the financial side of the academic scholarship programs some ISRI chapters sponsor.
Released in August 1977, the report identified a 636 million-ton reservoir of ferrous scrap at the end of 1975, “enough to blanket all of Washington, D.C., with nearly 100 feet of iron and steel discards.” (The foundation updated this study three times in subsequent years, with the final report—published at the end of 1981—finding an inventory of almost 683 million tons of ferrous scrap.) The report from phase three of the study, “Price-Volume Relationships for the Supply of Scrap Iron and Steel: A Study of the Price Elasticity of Supply,” appeared in January 1979. First, says RRF Vice President David Borsuk of Sadoff & Rudoy Industries (Fond du Lac, Wis.), is simply to “increase the awareness of the foundation as a scholarship program.” (more…)