Chicago Reduces Recycling Costs with Competitive Bidding

Chicago has reduced its recycling costs by $1 million during the first quarter of competitive bidding, according to an annoucement by Mayor Rahm Emanuel. Chicago Mayor Rahm Emanuel has announced that Chicago has reduced its recycling costs by $1 million during the first quarter of competitive bidding.

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Chicago Reduces Recycling Costs with Competitive Bidding

Tapping In

Members of the Vadxx team adjust a thermal depolymerization system. Houston-based Greenstar Recycling, headquartered in one of the world’s energy capitals, is participating in a project that will make it an oil producer

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Tapping In

Smoother Surface

Anyone tracking the ferrous scrap market during the past several years likely has seen extreme volatility in pricing. For ferrous scrap consumers, especially electric arc furnace (EAF) operators dependent on ferrous scrap for a majority of their raw material intake, purchasing large blocks of raw material on a monthly basis when prices may swing significantly can play havoc with their balance sheets. To mitigate the negative effects of fluctuations, a number of companies are promoting the use of financial tools such as swaps and derivatives they claim can help smooth out ferrous scrap pricing.

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Smoother Surface

Ferrous Prices Remain Stable in October

Stability was the most common trait for ferrous scrap prices for the seventh consecutive month, although most grades in most regions experienced a slight downward tilt in October. October spot pricing for ferrous scrap showed slight variations from September, but stayed in the same narrow range in which it has been since April 2011. By late October, some recyclers were expressing concern about declining melt rates at domestic mills, but purchase prices seemed to indicate that demand has been sufficient enough to keep the market stable.

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Ferrous Prices Remain Stable in October

Repeat Pattern

(Per gross ton for No. 2 shredded scrap, defined as 0.17 percent or greater copper content) September prices for spot ferrous scrap purchases looked a lot like those of the previous six months. In late September, however, recyclers began anticipating a drop in scrap prices to mirror flat-to-declining prices for finished steel and dropping prices for copper and some other traded metals

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Repeat Pattern

Ferrous Market Solid through Mid-September

September prices for spot ferrous scrap purchases looked a lot like those of the previous six months. In late September, however, recyclers began anticipating a drop in scrap prices to mirror flat-to-declining prices for finished steel and dropping prices for copper and some other traded metals

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Ferrous Market Solid through Mid-September

Eurometrec Reports On Nonferrous Scrap in the Benelux Region of Europe

Suddenly, in April a significant decrease in the offers has been noticed in the Benelux and in the rest of Europe.

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Eurometrec Reports On Nonferrous Scrap in the Benelux Region of Europe

Softer Markets Ahead (Maybe)

Index is based on 1982 averages prices as 100; Source: U.S. Bureau of Labor Statistics Paper stock markets continue to shine brightly through the end of the summer, though September may bring challenges. A number of paper stock dealers report that China is pushing back against continued higher old corrugated container (OCC) prices

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Softer Markets Ahead (Maybe)

All Over the Place

Index is based on December 1980 average prices as 100; Source: U.S. Bureau of Labor Statistics A material recovery facility (MRF) operator in the Midwest describes markets for secondary plastics as “all over the board,” depending on the type of material, adding that things are “definitely kind of rough” for some resins. He says post-industrial HDPE (high-density polyethylene) still fetches 30 cents per pound “if you know where to sell it.” However, pricing for post-consumer HDPE ranges from 15 to 20 cents, again depending on the market.

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All Over the Place

Reaching The Limit?

The dog days of summer is a clich