Among Price Rise, Chinese Surplus Limiting Profit
Schnitzer Steel Industries, Inc. reported positive financial gains this week, with $0.41 earnings per share, compared to losses in the second quarter of 2016. Ferrous sales volumes also increased 13% in the third quarter of 2015. Total domestic volume remains low, as scrap products are exported to international buyers (including India, Turkey, and South Korea).
Aluminum Use in Vehicles Increasing
Aluminum Use on the Rise To convert vehicles to aluminum, Ford is estimated to spend $1 billion retooling its facilities in Dearborn, Michigan, and Kansas City, Missouri, said Vince Pavlak, a partner advisory at KPMG, who also spoke during the Wednesday session. Later this year, Ford is coming out with the all-aluminum Super Duty truck.1
United Recyclers Group 2016 Conference
Our General Manager Kelly and Marlayna are at the 2016 United Recyclers Group Conference in San Antonio, Texas. URG is a well known and established company. It was founded by three auto recyclers in 1995. Our mission is to lead the industry in providing superior products and services tailored to the operational needs of automotive
Analysis: 2015 Was Awful for Metal Prices
Analysis Shows Continued Decline Scrap metal prices have fallen by 50 percent in four years, forcing scrap yards to find ways to navigate a tough market. Demand from overseas markets like Turkey and China, which were big customers of scrap metal in boom times, has slowed. Industry watchers say 2015 was an exceptionally awful year
Success at AFP 2016
Thanks to all those who visited us at the Association of Fundraising Professionals 2016 Conference! We’re excited to continue the conversation following AFP, and to celebrate returning over $100 million to our charity partners. This year offered an exciting opportunity to prominently feature the UNICEF Civil Society program at our AFP booth. Visitors were able