Posted on September 6th, 2011 No comments
Stemcor, an independent steel trading firm in London, has taken a 15 percent equity stake in the Australia-based company, CMA Corp. Ltd. , for about $137 million
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Stemcor Takes Minority Stake in Metal Recycler
Posted on July 26th, 2011 No comments
Steel mill buyers on the spot market in June returned to paying more than $500 per ton for prompt grades of ferrous scrap, as, after two months of declining in value, ferrous prices rebounded by about $15 per ton during the June buying period. According to the Raw Material Data Aggregation Service (RMDAS) of Management Science Associates (MSA), Pittsburgh, the national average for its prompt industrial composite grade (No. 1 busheling, No.
A Modest Rebound
Posted on March 22nd, 2011 No comments
China Armco Metals Inc., a metal recycling company and distributor of imported metal ore, reports that it has delivered its first shipment of 150,000 metric tons of iron ore, valued at $19.8 million, from Mineracao Usiminas S.A, one of Latin America’s largest producers of steel based in Brazil.
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China Armco Signs Distribution Deal with Usiminas