hydro extrusion unit turns steel attention to fabricationcanacero believes china is competitive...

NUMBER OF THE DAY

OTHER TOP STORIES

QUOTE o f t h e day

NEW YORK — Norsk Hydro ASA plans to significantly ex-pand the fabrication division within its extrusion group with an eye toward developing downstream business.

Matthew Dionne, North American extrusion sector president, is spearheading the company’s fabrication efforts, a Hydro spokesman told AMM.

“Hydro is organizing their resources so they can work with their customers from the extrusion through to the finished product. They’re significantly expanding their internal resourc-es to support customers on the fabrication side,” the Hydro spokesman said. “Basically, they’re positioning themselves to be a one-stop shop.”

Hydro will fabricate extruded shapes into a variety of parts, including aluminum frames for camping tents, components for lawn mowers or parts for automobiles, the spokesman said. “It runs that wide of a gamut.”

At the moment, Hydro’s North American group primarily serves the automotive, appliance and retail consumer goods markets, but it is aiming to enter new markets, the spokesman said, although he declined to specify which markets Hydro is targeting.

But according to a source familiar with the company, Hydro is particularly interested in the solar industry. “They’re big into solar panels. They want to work with the utility companies to design and create products for big solar fields,” he said. “Matt’s trying to turn them into a new kind of an extrusion company; it’s a whole new approach. Most extruders don’t work that way. They say, ‘Give us a drawing, we’ll make a shape.’ But Hydro wants to provide solutions for customers rather than simply be an extruder.”

The Hydro spokesman confirmed the company was looking

Moving MetalsConferenCeDecember 5-6, 2011 | Conrad Hilton | MiaMi, Fl

6th

An

nu

Al

TUESDAY, OCTOBER 11, 2011 volume 119 | number 41-2 | established 1882

INSIDE TODAY

Trickling down. Bulk ferrous scrap prices have weakened in the past week as Turkish consumers have found lower tags in Europe, weighing down prices for containerload business.

STEELU.S. stainless mills unlikely to drop alloy surchargePage 3

Steel exec William S. Dietrich dead at 73Page 4

Wire companies take aim at Asian marketPage 4

NONFERROUSVale wins appeal of $35M pollution lawsuitPage 7

CME planning to launch co-location servicesPage 7

SCRAPAlter moving Neb. yard to larger sitePage 3

BAN mulling new e-waste certifying bodyPage 8

Mexico urged to relaunch car scrap planPage 8 See FERROUS, page 2

Hydro extrusion unit turnsattention to fabrication

Ferrous export tags slip;buyers lured by Europe

NEW YORK — U.S. bulk ferrous scrap export prices fell be-tween $10 and $20 per tonne last week as volumes shipped off the East Coast dropped and Turkish consumers continued to buy cheaper European scrap.

Prices were expected to soften last week as offshore consumers refused to cave to U.S. demands for higher tags (AMM, Oct. 4).

Weaker bulk prices had a trickle-down effect on containerload tags, which sources said fell in the same range on both the U.S. East and West coasts.

A few East Coast bulk exporters confirmed that at least three deep-sea cargoes were sold last week, although none were shipped from the United States.

One exporter sold two cargoes—a mix of No. 1 heavy melt, shredded scrap, and plate and structural scrap—to two different

See HYDRO, page 3

“They are reluctant to discuss where their floor stock is and even their open schedules—where the (unbooked) spots are.” An executive at a Midwest distributor comments on caution among hot-rolled coil producers as prices remain under pressure, page 6

2Rhode Island yards Sims has bought in as many weeks to expand its footprint in the New England scrap market.

Mexico’s pending elimination of im-port tariffs on Chinese manufactured goods beginning January 2012 will harm the country’s economy, and has national iron and steel association Cámara Nacional de la Industria del Hierro y del Acero “extremely con-cerned.” Page 2

Mexico’s steel group raises alarm about end of China import duties

Sims Metal Management Ltd. has fired the second salvo in its battle with Schnitzer Steel Industries Inc., buying the assets of another Rhode Island opera-tion, including a nine-acre deep-sea ex-port facility with rail service, a pier and two deep-water berths, as it targets the New England scrap peddle trade. Page 8

Sims intensifying Schnitzer fight with another RI yard acquisition

Flat-rolled steel prices remain under pressure, weakened by “malaise” on the demand side, according to indus-try players. Producers are not “chas-ing the market” in the hope that they can avoid dropping their prices, ac-cording to a Midwest flat-rolled ware-house executive. Page 6

Unsure buyers, quiet demand keep flat-rolled prices under pressure

Page 8

www.amm.com AMERICAN METAL MARKET October 11, 2011 | 2

NEwS

It is a violation of AMM copyright to photocopy/distribute this product.

customers from Canada’s east coast at $447.50 per tonne c.f.r. Turkey, sources said.

A second bulk exporter reportedly sold a full cargo of bonus material at $461 per tonne c.f.r. to a third consumer in Turkey. Sources suggested the material was shipped from Europe, not from the United States.

One source at a large trading company said there were no bulk shipments off the East Coast, but pegged shredded scrap tags at $450 per tonne f.o.b. based on the Canadian transaction.

A second source said East Coast bulk exporters had dropped prices to different levels last week in an attempt to appease Turkish buyers, who continue to cite lower prices from Europe.

“Early last week, bulk export prices were down about $5 to $10 for Turkey due to currency concerns. New York exporters dropped prices differently,” he said. “One was down between $5

and $10 per tonne, while a second was down $20.”

Off the West Coast, a bulk cargo was said to have been shipped to South Korea at $475 per tonne c.i.f. on a No. 1 heavy melt basis, which was down about $15 per tonne from a week earlier.

Sources on both coasts said exporters dropped prices by as much as $30 per tonne for scrap delivered to export yards over the past two weeks and are expected to lower prices an addi-tional $10 per tonne this week.

“Local prices are down a total of $30 per tonne across the board to a large export yard that ships (from the West Coast). This has occurred over the past two weeks,” a third source said.

Shippers of containerized scrap said prices had fallen more than the $10 per tonne anticipated last week (AMM, Oct. 4), as bulk tags slipped further than expected.

A fourth source, a large East Coast exporter, said it had offered an 80/20 mix of No. 1 and No. 2 heavy melt to Indian buyers at $400 per tonne f.o.b. East Coast. Those buyers had been looking for prices of $390 per tonne.

“Europe is selling shred to India at $455 to $460 per tonne c.i.f. Average shipping costs are $45, so they want the U.S. to quote lower. As a result, container export volumes are down 30 to 40 percent this week and prices are down $20 to $25 per tonne,” the fourth source said.

The first source said shredded scrap prices were at $430 per tonne freight alongside ship (f.a.s.) East Coast, while heavy melt prices were $400 per tonne Friday, down $10 from offers made early last week.

But a fifth source said he had sold shredded scrap to India at $425 per tonne f.a.s. East Coast, suggesting a $15-per-tonne drop in prices.

Pricing for containized heavy melt to Asian consumers was down to $410 per tonne early last week from a high of $440 in the past couple of weeks, the second source said. “It seems like a pullback in demand and currency worries,” he said.

West Coast shippers reported containerload scrap sales for the 80/20 heavy melt mix at $418 and $425 per tonne from differ-ent ports, while quotes rose to $435 per tonne.

A sixth source estimated that West Coast container prices were down at least $15 per tonne last week.Sean Davidson [email protected]

Continued from page 1

China duty phase-out to hurt MexicoMEXICO CITY — Mexico’s

pending elimination of im-port tariffs on Chinese man-ufactured goods beginning January 2012 will harm the country’s economy, and has national iron and steel asso-ciation Cámara Nacional de la Industria del Hierro y del Acero (Canacero) “extremely concerned.”

“The indications are that import duty exemptions on all goods made in China will seriously harm the Mexican economy and accelerate the process of deindustrializa-tion already affecting our country,” Canacero president Raúl Gutiérrez Muguerza said in a Spanish-language letter to economics minister Bruno Ferrari.

The government must do everything possible to avoid imports of Chinese products using “unfair trading practic-es,” he said, also urging it to:

• Denounce such prac-tices at the World Trade Organization;

• Push for talks on getting China to revalue its curren-cy at G20 meetings, which Mexico will chair throughout 2012;

• Build new alliances with other nations worried about the China issue and strength-en already existing ones, par-ticularly in North America;

• Analyze objectively with industry the impact of Chi-na’s industrial and trading practices on Mexico’s manu-facturing sector;

• Remove unilateral zero tariffs on imports from China immediately and study the possibility of raising them to compensate for the impact of China’s undervalued curren-cy on Mexico’s industry; and

• Comply fully and im-mediately with government promises regarding China, made at joint industrial sec-tor and economics ministry working sessions in 2008.

Mexico and China in 2008 signed an agreement that would establish an “adjust-

ment period” to eliminate quotas for particularly sensi-tive goods in the industrial sector, set to expire at the end of December.

From 2000 to 2010, Chinese steel production grew by 499 million tonnes, almost

30 times Mexico’s total steel production, Gutiérrez said.

Canacero believes China is competitive because of its “persistent failure to comply with the obligations it un-dertook when it joined the World Trade Organization,” and Gutiérrez has accused China of breaking WTO rules on manufacturing subsidies. He claims it has manipulat-ed the tax system, restricted raw materials exports, lack respect for intellectual prop-

erty rights, and “persist with an exchange rate policy that keeps the value of (its) cur-rency artificially low.”

Similarly, the U.S. Senate was slated to vote last week on a bill to crack down on imports from China that benefit from unfair duty ad-vantages, but that vote was temporarily delayed (AMM, Oct. 10).

Canacero sees passage of the Senate bill as instru-mental in forcing China to “confront their practice of keeping their exports cheap to undervalue its currency,” it said, adding that currency manipulation “directly af-fects Mexico’s economy in two ways: Our products lose competitiveness in overseas markets and a massive flow of Chinese goods into the country is triggered.”

Mexico’s trade deficit with China exceeded $43 billion in June, according to Gutiér-rez. “The situation will be made much worse when the zero tariff is introduced in three months, unless the gov-ernment acts,” he wrote.

Stephen [email protected]

RM Niobium Metal Ad 11/12/07 11:12 AM Page 5

‘(The price drop in heavy melt scrap) seems like a pullback in demand and currency worries.’—Source

Ferrous export tags softenas buyers lured by Europe

‘The indications are that import duty exemptions on all goods made in China will seriously harm the Mexican economy and accelerate the process of deindustrialization.’—Raúl Gutiérrez Muguerza, Canacero


NEwS


US mart seen unlikely to nix stainless extraNEW YORK — The domestic

stainless industry is unlikely to switch to the all-inclusive pricing used by Asian stain-less mills and do away with the alloy surcharge now in place, as it is still the most ef-fective way to counter vary-ing raw materials costs, mar-ket participants told AMM.

“I think as a generalization the surcharge will never go away completely. It still has the ability to compensate for varying raw materials prices,” one market source said.

“In the past, when there were fixed prices, it was dur-ing years of low or no nickel price volatility. In periods of very high volatility, it’s an appropriate system,” accord-ing to John Tumazos, princi-pal of Very Independent Re-search LLC, Holmdel, N.J.

Stratton Metals Ltd. nickel trader Gordon Buchanan told AMM sister publication Metal Bulletin last month that he predicted the end of the stain-less surcharge in Europe.

“Do I think it will always be with us? No. I think the al-loying surcharge will cease to exist in due course. In Asia, they use a fixed price, and I think Europe will go that way eventually,” he said, cit-ing European service centers’ willingness to cancel orders when surcharges fell.

With order cancellations less common in the United States, domestic sources see little advantage in a fixed price for mills, especially those with long lead times.

“So much of the business has lead times that extend out 40 weeks or even 60

weeks, where metals costs are not well known. It would put those producers in a very negative position,” the market source said.

“(U.S. mills) haven’t done it for 15 years. What would make them change their mind now? I don’t think there’s any reason for the U.S. produc-ers to follow what the Asians do. It (the surcharge) is a fair system in terms of it’s at least transparent,” an analyst said.

Most consumers also don’t want to see the system end but suggested some reform.

“There’s a place for the sur-charge, but I think the trigger points need to be changed to more realistic levels,” a food equipment maker’s purchas-ing manager said recently.

Thorsten [email protected]

Alter moving Neb. yard to larger sitePHILADELPHIA — Alter Trading Corp. has

completed the purchase of a 15-acre location in Lincoln, Neb., where it will relocate its exist-ing Lincoln scrapyard to make way for a new basketball arena.

The new property, located on 70th Street, has been the business location of Recycling Enter-prises of Nebraska Inc., a pa-per and plastics recycler. Re-cycling Enterprises will move to another site in Lincoln.

“We are pleased to have found a new location with excellent access for our cus-tomers and room for future growth,” Alter senior vice president and chief operating officer Jay Robinovitz said.

The new site will allow the company to grow its business in the Lincoln area and pro-vides easier truck access than what was available at the old site, according to Bob Ellis, Alter’s counsel, noting that Lincoln officials had been eyeing Alter’s scrapyard for several years and plan to turn the site into a parking lot to serve the new basketball and ice hockey arena for the University of Nebraska.

Alter will prepare the new site for its opera-tions during the next several months and will move its metals recycling operations from its present location on N Street in Lincoln, which

occupies seven acres in the city’s downtown area. Operations will continue at the original location until the move is completed, the com-pany said.

Alter’s N Street property has been acquired by the West Haymarket Joint Public Agency as a part of the new Haymarket Arena that is

due to be constructed. Alter and the Joint Public Agency reached a $4.5-million deal to move the yard. The city will pay Alter Trading $2.9 million to relocate and $1.6 million for the land.

Alter executives had previ-ously selected another site, but ran into local opposition from residents and businesses opposed to having a scrap-yard in their neighborhood.

The company has no prob-lem with its neighbors at the new site, which is about twice the size of the N Street yard, is in an industrial zone and is close to rail lines, Ellis said. The new site already has a

truck scale that is used by the paper recycler. Alter will have to move a shear and some oth-er processing equipment from its existing yard and build a rail siding to connect to the BNSF line, he added.

Michael [email protected]

Hydro extrusion group turnsits attention to fabricationto improve its solar division but declined comment on specific initiatives.

As part of the downstream initiative, Hydro will offer consult-ing services to customers, the spokesman said. “It’s streamlining the entire process, and it cuts out a lot of fixed costs as well as hidden costs.”

As part of the expansion, the Oslo, Norway-headquartered company is looking to add more personnel, the spokesman said.

Brian Muirhead, formerly of Matalco Inc., joined Hydro last month as director of marketing for the East region (AMM, Sept. 13), and the spokesman said that Hydro will add an undisclosed number of employees to the team next year. The company has posted 22 job vacancies on a job-search Web site, including

a fabrication business devel-opment manager and a fab-rication production manager in St. Augustine, Fla.; a vice president of manufacturing and technology in Linthicum Heights, Md.; an aluminum extrusion maintenance man-ager in North Liberty, Ind.;

and a metallurgical engineer in Holland, Mich. Hydro has had a number of key departures recently, including

senior executives Greg Lea and Lynn Brown, who left in Sep-tember. Lea, previously senior technical and Midwest marketing manager, joined Rio Tinto Alcan (AMM, Sept. 13), while Brown, the North American extrusion sales and marketing head, is said to be in discussions with several producers (AMM, Oct. 3).

Reasons for the departures of Lea and Brown could not be learned, but some believe that Brown’s departure was directly related to the company’s new focus on streamlining its fabrica-tion business, sources familiar with the company told AMM.

“Personally, I’m not a big fan,” the source said on the compa-ny’s new downstream focus. “They’re adding a lot of overhead to a company that has struggled to be profitable.”

“They have been reckless in the past. They’ve got a ton of money and they’re not afraid to use it,” an extruder source said, pointing to Hydro’s acquisition of Wells Aluminum Corp. in 2000. “This isn’t anything out of the ordinary for them.” Suzy Waite [email protected]

Continued from page 1

‘They’ve got a ton of money and they’re not afraid to use it. This isn’t anything out of the ordinary for them.’—Extruder source

The Commerce Department will retain anti-dumping duty orders on large-diameter pipe imported from Japan and small-diameter pipe from Japan and Romania. Commerce’s International Trade Administration (ITA) and the International Trade Commission (ITC) had previously determined that revocation of the duties would likely lead to a continuation or recurrence of dumping and material injury.

The International Trade Administration (ITA), a division of the Commerce Department, has postponed by 90 days—to Jan. 30 from Oct. 31—the deadline for preliminary results of an administrative review covering anti-dumping duties on stainless steel bar from India, saying it needs additional time to issue supplemental questionnaires on the response received from manufacturer/exporter Mukand Ltd.

TRADE TRACKER

‘We are pleased to have found a new location with excellent access for our customers and room for future growth.’—Jay Robinovitz, Alter Trading



NEwS

Steel exec, philanthropist Dietrich dies

VSQ wire partnership targets Asian markets

CHICAGO — William S. Dietrich II, a retired steel industry executive who re-cently gave record endowments to two major universities, has died following a battle with cancer. He was 73.

Dietrich owned Dietrich Industries Inc., a producer of metal fram-ing for construction, until he sold it to Worthington Industries Inc., Colum-bus, Ohio, in 1996. He remained a member of Worthington’s board of directors until 2008.

Dietrich was among the largest individual bene-factors to higher educa-tion in U.S. history, with a gift of $265 million to Carnegie Mellon University (AMM, Sept. 14) and $125 million to the University of Pittsburgh (AMM, Sept. 28). He was a trustee at both institutions.

With Dietrich’s gift, Carnegie Mel-lon will establish the Marianna Brown Dietrich College of Humanities and So-cial Sciences, named after Dietrich’s late mother. Pitt will rename its school of arts and sciences after Dietrich’s late father.

“We are saddened by the passing of Bill Dietrich, an innovative and distinguished leader in the steel industry,” Worthing-

ton chairman and chief executive officer John P. McConnell said Monday. “All of us at Worthington appreciate Bill’s con-tributions to our company through his metal framing business and his service on our board. We admire his commit-

ment to Pittsburgh and his legacy gifts to education.”

Dietrich was the second-generation owner of the business founded by his father in 1959 near Blairs-ville, Pa. He joined the company upon graduating from Princeton University in 1960. He also served in the U.S. Marine Corps.

By the time Dietrich sold the business to Worthing-

ton, it was the nation’s largest manu-facturer of light steel framing for con-struction, employing 1,800 people in 17 states.

A scholar and historian, Dietrich was the author of Eminent Pittsbur-ghers, a collection of profiles first pub-lished in Pittsburgh Quarterly. He wrote about such business titans as Andrew Mellon, Charles Schwab and George Westinghouse.

Dietrich is survived by a daughter, Anne Elizabeth Diemer of San Francisco.

CHICAGO — American Spring Wire Corp. (ASW) will partner with Bekaert Corp. in supplying engine valve spring-quality (VSQ) wire to Asian markets.

The two companies have signed a definitive license agreement establishing the terms of a technology transfer to Bekaert’s Jian-gyin wire plant, located in China’s Jiangsu prov-ince. ASW will provide the drawn steel wire products manufacturer with techni-cal assistance in designing and installing the equip-ment, as well as process knowledge and commercial support in developing VSQ wire markets throughout Asia, China and India, in particular.

The agreement identifies the licensed technologies, products and territories

targeted by the partner-ship, and establishes ASW as Bekaert’s representative for VSQ wires sold in North America.

The new VSQ wire line in Bekaert’s Jiangyin wire plant will be modeled af-ter ASW’s U.S. operation in Bedford Heights, Ohio. Both partners believe the new capacity will produce the first qualification coils during the second half of 2012. Engineers from both companies will work to-gether to assure a thorough transfer of technology.

“The quality of the wires we produce sets the stan-dard in the world, and the manufacturing equipment and processes we use are modern and innovative,” ASW president and chief executive officer Timothy W. Selhorst said in a state-

ment. “We are pleased to team with Bekaert’s in-ternational knowledge and presence, and look forward to positioning Bekaert’s Jiangyin plant to offer these products to the fastest developing markets in the world.”

PRICING AT A GLANCE

Click through for details

NYMEXCopper 336.20¢Hot-rolled coil $665.00Gold $1,669.60Platinum $1,520.60Silver 3,194.40¢

LMEAluminum $2,186.00Copper $7,314.00Lead $1,976.00Nickel $18,835.00Zinc $1,903.50

CORPORATEACCESSPROGRAMEliminate the wait.Your employees have more important

things to do than wait in line for a copy

of American Metal Market to work its way

through the distribution list. With a Corporate

Access Program custom-tailored for your

company, no one will ever have to wait for

the information that is so important for

your business.

Contact Chas Reese today:

212.224.3002 or [email protected] S. Dietrich II

These awards are for North American companies including US, Canada and Mexico only. Entries will be evaluated by a prestiguous panel of judges that includes members of American Metal Market's editorial team. If selected as a winner, you will be recognized at the AMM Awards dinner on February 6, 2012 during the Steel Tube & Pipe Conference.

Winners Will receive

. Editorial coverage for all finalists and winners in American Metal Market’s Daily Edition, Monthly Magazine & Website

. North American recognition as an industry leader

For a nomination form and more information, contact: Mary Connors at 646-274-6250 or [email protected]

www.amm.com/events

nOMinATiOn DeADline November 4, 2011

The 1st Annual AMM Awards for Steel Tube and Pipe Excellence will honor innovative companies who are revolutionizing their businesses.

Have you demonstrated success in one or more of the following categories? If so, request a nomination form today and be included for consideration.

cATegOries

B Best New Project

C Seamless Pipe Producer of the Year

D Best Welded Pipe Producer of the Year

E Best M&A

F Best Trader

G Industry Ambassador

H Best Innovation

I Best Environmental Responsibility

J Best Logistics Provider

1) Best Operational Improvements

1! Best Service Center/Distributor


STEEL


CHICAGO — Flat-rolled steel quotes appear to be slightly lower by the week and on fewer minimum tons, with prices being weakened by “malaise” on the demand side, according to steel industry players.

The latest Steel Buyers Forum survey from the Institute for Supply Man-agement (ISM) appears to reflect a steady, humdrum business environment.

Domestic hot-rolled coil producers “have been hush in a down fourth quarter,” an executive at a Midwest flat-rolled warehouse said Monday. “They are reluc-tant to discuss where their floor stock is and even their open schedules—where the (unbooked) spots are.”

Although the mills aren’t “chasing the market” in the hope that they can avoid dropping their prices, “they are down from the $700 (per ton) high they were looking for. How fast it’s going to slide you don’t know, but demand is not available to match the sup-ply side of the equation,” he said. “And everyone knows it’s going down $5 to $10 every week.”

While quotes ranged from $675 to $690 per ton dur-ing the past two weeks, he said that this week some producers are quoting as low as $655 even on orders of just 250 to 300 tons.

“We are just in a time of malaise. Business isn’t ter-rific, but it isn’t bad. It’s just going along,” said a source at a Mississippi Valley flat-rolled processor. “At this time of year, we get into the rutting season. Customers are looking at getting to-gether their (steel purchas-ing) programs based on in-dexes and we are trying to quote long-term business, but the mills can’t tell you what the price will be next week, let alone the first quarter of next year.”

He said that mills are quoting him prices of $670 to $690 on orders of 1,000 tons or more.

“At this time, there is a lot of uncertainty,” he said. “We are covering business as it comes in.” He said he was loath to speculate on future pricing because “the steel business is very unforgiv-ing. Right now, there is not a lot of positive sentiment that business will improve.”

Almost 42 percent of those surveyed by the Steel Buyers Forum last month said their inventories were too high compared with demand, more than double the 18.2 percent who felt

the same way in August, but 8.3 percent of forum members surveyed said they would boost inventory over the next six months, up from zero in August.

More also expected back-logs to increase over the next three months (41.7 percent in September vs. 27.3 percent in August), but there was a 3.8-percentage-point dip in the number of buyers who believe that

general economic activity will improve over the next six months.

“Our order book is doing OK. The market is still in need of steel, at least from the manufacturing sector, so we are maintaining in-ventory levels, not reduc-ing them,” the president of a Great Lakes processor and distributor said Monday.

He said he had not heard of any offers below $675 per ton. “It appears to me that the mills are hold-ing the line on pricing. We are not seeing any deals out there from anybody,” he said. At the same time, however, “the mills have yet to obtain the published increases they asked for 60 days ago.”

A Midwest flat-rolled ser-vice center operator also described his business as “OK. It’s better than we thought it might be, but not as good as the first six months.”

He said that mill suppli-

ers are willing to listen. “We quote an order based on the mill quote. If that number doesn’t work, we can go back to the mill and say, ‘This is the num-ber we need to be at to get the order.’ In an up market they won’t match it, but in a flat or slow market, when clearing out for end-of-year inventory, they are negotiable,” he said. “We are already seeing that in October, whereas normally we don’t see that until late November.”

Each of the steel buyers AMM spoke with Monday said hot-rolled coil lead times are two weeks from mini-mill producers and three weeks from integrated plants.

“You can still get steel in October,” said the purchas-ing manager for a tractor-trailer parts manufacturer. “Even at the integrateds, there is no backlog at all.”

Corinna [email protected]

NEW YORK — The number of drill rigs running in the United States jumped by 22 last week, led by Texas (up eight), Oklahoma (up six) and Louisiana (up four), while Canadian drilling activity rose by 12 rigs compared with the previous week.

US, Canada drilling up strongly

Last week

Previous week

Percent change

Last year

Percent change

United States 2,012 1,990 +1.1 1,671 +20.4Canada 522 510 +2.4 403 +29.5Source: Baker Hughes Inc.

CIT asked to overturn ITC ruling vs. MexicoNEW YORK — The U.S. stainless steel in-

dustry is seeking to overturn an Internation-al Trade Commission (ITC) determination to end anti-dumping duties on imports of stainless steel sheet and strip in coil from Mexico.

The ITC made a final sunset determination in early August that revocation of duties on product from Germany, Italy and Mexico would not result in a continuation or recur-rence of material injury, leading the Com-merce Department to revoke an anti-dump-ing duty order on the product from Mexico late last week.

The domestic industry—represented by AK Steel Corp., West Chester, Ohio; Allegheny

Ludlum Corp., Pittsburgh; and North Ameri-can Stainless Inc., Ghent, Ky.—has filed an appeal with the Court of International Trade (CIT) asking it to declare the ITC’s negative determination “unlawful” and remand the matter back to the commission “for disposi-tion consistent with the opinion of the court” and provide relief as the court deems “just and proper.” The appeal had been expected.

The original anti-dumping duty was im-plemented by Commerce in July 1999.

Kathleen W. Cannon, an attorney at Wash-ington-based Kelley Drye & Warren LLP representing the three steelmakers, declined to comment on the trade case.Catherine Ngai [email protected]

Unsure buyers, quiet demand keep flat-rolled market humdrum

‘We are trying to quote long-term business, but the mills can’t tell you what the price will be next week, let alone the first quarter of next year.’—Flat-rolled processor


NONFERROUS


NEW YORK — CME Group Inc. will launch co-location services to decrease trading latency at the end of Janu-ary, the company said Monday.

The new platform will include hosting, connectivity and support services. CME will operate the services out of its data center in the Chicago suburbs and will be open for trading on the CME Globex electronic trading platform Jan. 29, 2012.

“Our new CME co-location services provide fair and equal access by offering all customers equal pricing, the same terms and conditions, as well as equal lengths of fiber between customer cabinets and the CME Globex platform or connections to carriers,” Bryan Durkin, CME

chief operating officer, said in a statement.

The co-location servic-es will include a licensed space with a dedicated cabinet or dedicated cage environment to contain customer equip-ment, an 8.5- or 17-kilo-watt maximum power

capacity per licensed cabinet space, connectivity ser-vices that provide location neutrality by utilizing equi-distant cross connects in a carrier-neutral environment and a specialized, controlled environment for hosting customer trading infrastructure supported by a service-level agreement, according to the statement.

“This is a major move,” one Comex trader told AMM. “One hundred feet can make the difference between get-ting the trade and not getting (it).”

CME has seen higher demand than expected for the new service, according to the statement.

Server co-location and low latency, in particular, have become critical for many investors and traders. NYSE Liffe also utilizes co-location to reduce trading laten-cy, and the London Metal Exchange at the end of No-vember will launch proximity hosting, which similarly promises to reduce delays in trades.

“It’ll be a grand experiment,” the trader said of CME’s January launch, noting that there will likely be a migra-tion of market participants to the new platform if it does reduce latency as promised.Chris Prentice [email protected]

Prices are in cents per pound except as otherwise noted.

AMM Free Market October 10 Revised Prior Price

Copper cathode 340.20-341.70 10/10/11 330.65-332.15

Zinc 92.30-94.30 10/10/11 89.65-91.65

Aluminum 108.75-109.15 10/10/11 107.71-108.11

Lead 96.59-97.59 10/10/11 95.21-96.21

Nickel, melting 873.97-893.97 10/10/11 868.30-888.30

Nickel, plating 918.97-943.97 10/10/11 913.30-938.30

Tin ($/tonne) 23,600-23,700 10/10/11 23,365-23,465

Comex copper settlement 336.20 10/10/11 326.65

No. 2 copper scrap 298.00* 10/10/11 288.00*

Silver, Handy and Harman (¢/troy oz) 3,222.50 10/10/11 3,218.00

* Nominal for spot sales

MarkeT prICeS

CMe to launch co-locationservices by January 2012

Vale wins appeal of $35-million suitNEW YORK — The Ontario Court of Ap-

peal has overturned a ruling that would have forced Brazilian miner Vale SA to pay Canadian $36 million ($35.06 million) to homeowners in Port Colborne for alleged pollution from a nickel refinery in the city formerly operated by Inco Ltd., the com-pany Vale took over in 2006.

“We are pleased by the decision. The Ontario Court of Appeal has completely allowed the company’s appeal,” a spokesman for the company told AMM in an e-mail.

The original ruling, handed down by the On-tario Superior Court of Justice in July 2010 fol-lowing the suit’s filing in 2001, said that nickel res-idue in the soil surround-ing the Port Colborne re-finery had depressed the price for homes in the area in subsequent years, making homeowners eligible for payments due to property damage.

Vale appealed the decision on the grounds that no significant damage had been done to the properties (AMM, May 12).

It also appealed the decision by the trial judge extending the statute of limitations beyond the usual six years after the refin-

ery closed in 1984, according to the filing with the Court of Appeal.

The judge argued at the time that the statute could be extended because nickel pollution only became widely known in 2000 due to advanced government testing methods.

The judgment found that “the evidence suggests that Inco operated a refinery in a heavily industrialized part of the city

in a manner that was ordinary and usual and did not create risks be-yond those incidental to virtually any industrial operation.”

While there was an el-evated but not dangerous amount of nickel found in the soil of nearby ho-meowners, the judgment pointed out that “under the common law of nui-

sance, sometimes the person whose proper-ty suffered the adverse effects (of another’s use of their property) is expected to tolerate those effects as the price of membership in the larger community.”

The judgment also awarded Vale C$100,000 ($97,384.04) in legal costs for the appeal, according to the filing. Thorsten Schier [email protected]

Liberty restarting Timmins operations in ’12NEW YORK — Liberty

Mines Inc. is looking to re-start its Timmins, Ontario, nickel operations in the first quarter of next year after receiving a Canadian $20-million ($19.23-mil-lion) cash injection from its Chinese majority owner.

The operations include the previously operating Red-stone and McWatters mines as well as the nearby Hart nickel project.

Ore from the two existing mines, which were put on care and maintenance earli-er this year, will be treated at an on-site concentrator and transported to Xstrata Plc’s nickel smelter in Sudbury, Ontario, for processing.

“The operations were shut down in February as the tailings pond facility was full,” president and chief ex-ecutive officer Chris Stewart

told AMM in an e-mail. In order to facilitate the

Timmins ramp-up, the company entered into a C$20-million credit facility with Jilin Jien Nickel Indus-try Co. Ltd., which owns a 51-percent stake in Liberty Mines, in late June. Jilin, a subsidiary of Jilin Horoc Nonferrous Metal Group Co. Ltd., is one of the larg-est nickel sulfate producers in the world, with an annual capacity of 25,000 tons, ac-cording to the company.

The plan for the ramp-up includes repairs and up-grades to the existing tail-ings pond, which will give Toronto-based Liberty an additional three years of storage for mill tailings at an operating rate of 1,500 tonnes of ore per day. To re-solve its long-term tailings problems, the company is

looking to construct a new tailing facility with a capac-ity of 15 years.

The forecasts for nickel prices in 2012 have become uncertain as prices on the London Metal Exchange have plummeted over the past two weeks, with the three-month contract falling to $18,775 per tonne ($8.52 per pound) at the end of last week, far below the $21,200 per tonne ($9.62 per pound) the contract traded at on Sept. 20.

Liberty Mines has said in the past that production costs at its Timmins mines is $3 to $4.50 per pound, depending on the grade, which means it can turn a profit when LME nickel is above $7 per pound ($15,442 per tonne).

Thorsten [email protected]

The court ruling said ‘the evidence suggests that Inco operated a refinery in a heavily industrialized part of the city in a manner that was ordinary and usual and did not create risks beyond those incidental to virtually any industrial operation.’

‘This is a major move. One hundred feet can make the difference between getting the trade and not getting (it).’—Comex trader


SCRAP


NEW YORK — The Basel Action Network (BAN) is considering separating its certification program for electronics recyclers from its advocacy efforts, the en-vironmental group said.

No deadlines have been set to implement the pro-posal, BAN executive direc-tor Jim Puckett told AMM.

BAN e-waste project co-ordinator Sarah Westervelt announced the plan at the 2011 E-Scrap Conference in Orlando, Fla.

“BAN is exploring ways to spin off the e-Stewards market partnership pro-gram from the advocacy side of BAN in the future,” Puckett said. “We don’t have a timeline for this yet because we want to ensure that the governance model will allow both sides to be self-sustaining and not lose the original mission and in-tegrity in the process.”

Neither Puckett nor

Westervelt offered addi-tional details on how an in-dependent certifying body would work.

It is possible BAN opted to consider the move after many industry participants questioned how an advo-cacy group could objective-ly conduct investigations

on questionable e-cycling practices if it draws direct revenue from e-cyclers, an industry source said.

“When is revenue to sup-port a program anything other than self-serving? And is that a bad thing? If somebody does not like the program, they will not pro-vide financial support for it. Period,” Puckett previously

told AMM when asked if promoting BAN’s own ad-vocacy philosophy through its revenue-generating cer-tifying program was self-serving. “BAN works very, very hard and what we ask is fees for these services from those that really, real-ly want them. Nothing else. BAN is a not-for-profit. The funds gathered from license fees go back into the pro-gram, and even with that it is not self-sustaining yet.”

BAN has to supplement the program with founda-tion support, Puckett said. “Our finances are transpar-ent. This campaign is grow-ing because our viewpoint is growing in the market-place. Still, it is not grow-ing commensurate with the need,” he added.

However, BAN’s certifi-cation program has shown encouraging growth since its April 2010 launch. The group has 47 certified sites as of Oct. 1, an additional 114 sites awaiting certifi-cation and 46 e-Stewards enterprises. It started with six certified locations, 30 sites in due process and 13 e-Stewards enterprise companies.

Sean [email protected]

PHILADELPHIA — Sims Metal Management Ltd. has fired the second salvo in its battle with Schnitzer Steel Industries Inc., acquiring the assets of another Rhode Island operation as it targets the New England scrap metal peddle trade.

The Australian company has acquired the assets of Prom-et Marine Services Corp. Ltd., Providence, R.I., including a nine-acre deep-sea export facility on the Providence River that has rail service, a 600-foot pier and two deep-water berths.

The financial terms were not disclosed, but Sims said the purchase price isn’t material to the company.

The acquisition is part of a broader strategic initiative, with the Promet site set to serve as Sims’ main export termi-nal for the New England region, the company said, adding that it plans to expand in the region through the acquisition of existing yards or construction of new facilities.

Sims said it intends to retain all Promet employees, and add more personnel as its carries out its growth plans for the New England region over the coming months.

This would be Sims’ second push onto Schnitzer’s turf. Sims plans to erect a shredder and open two scrapyards in Johnston, R.I., the same suburban Providence town where rival Schnitzer has a scrapyard and shredder, it was dis-closed last month (AMM, Sept. 29). The new facilities are expected to create at least 100 permanent jobs in the town, according to Johnston Mayor Joseph M. Polisena.

Schnitzer’s Metals Recycling unit, which includes a pro-cessing yard equipped with a shredder, is in Johnston. Schnitzer also has an export yard in Boston and a network of feeder yards throughout the New England states.

Sims has three Connecticut sites: an export yard in North Haven, a feeder yard in New Haven and its Sims Aerospace unit in Hartford, which handles specialty alloy scrap.

Sims executives couldn’t be reached for comment, and a Schnitzer spokesman said his company, based in Portland, Ore., doesn’t comment on other companies.

“Schnitzer operates a well-established network of 13 facil-ities in the Northeast with a strong reputation for customer service,” he said.Michael Marley [email protected] WeekLY SCrap

COMpOSITe prICeSAverages calculated each Friday, based on data effective from the previous Friday to Thursday. Prices are in US$/gross ton.

SHREDDED SCRAP— calculation date —

10/07/11 Prior Wk Year AgoBirmingham $460.00 $460.00 $366.00Chicago 448.00 450.00 358.00Houston 450.00 450.00 360.00Philadelphia 450.00 450.00 344.00Pittsburgh 463.00 465.00 353.00Composite $454.20 $455.00 $356.20

NO. 1 BUSHELING— calculation date —

10/07/11 Prior Wk Year AgoChicago $508.00 $510.00 $414.00Cleveland 513.00 515.00 400.00Pittsburgh 515.00 515.00 391.00Composite $512.00 $513.33 $401.67

NO. 1 HEAVY MELT— calculation date —

10/07/11 Prior Wk Year AgoChicago $418.00 $420.00 $338.00Philadelphia 420.00 420.00 323.00Pittsburgh 410.00 410.00 325.00Composite $416.00 $416.67 $328.67

Mexican relaunch of autoscrapping program sought

MEXICO CITY — Mexican automotive industry association Asociación Mexicana de la Industria Automotriz AC (Amia) will press federal legislators to reintroduce a vehicle scrapping program that started in July 2009 and ended in March 2010.

“We’re going to ask Congress to assign a budget and it will depend on them and on the executive,” Amia executive presi-dent Eduardo Solís told AMM. “I hope it comes back.”

The goal of the program, under which 13,500 passenger cars were scrapped, was to modernize the country’s light vehicle fleet, whose average age is 14 years.

Vehicles had to be at least 10 years old for their owners to qualify for a $1,500 voucher awarded by the federal govern-ment. The voucher had to be used to buy a new car.

“It was only a pilot program and we learned a lot,” Solís said. However, that sum was probably too low to arouse the inter-est of most car owners, he added. “We have some Congress (of Mexico) members who are comfortable with the idea. But certainly that doesn’t lead us to conclude that we will win” and get the program revived, Solís said.

New car sales in Mexico totaled 557,339 in the first eight months of this year, up 11.5 percent from the same 2010 period but down 18.7 percent from the 2008 period, Amia said.

Heavy-duty trucks and buses were also included in the scrap-ping program. Officials at Asociación Nacional de Productores de Autobuses Camiones y Tractocamiones AC (Anpact), the as-sociation that covers the sector, didn’t respond to an e-mail requesting comment.Stephen Downer [email protected]

Sims intensifying Schnitzerfight with buy of 2d rI site

150

190

230

270

310

350

390

430

470

510

550

(pri

ce p

er g

ross

ton

)

Based on markets in Birmingham, Pittsburgh, Chicago, Philadelphia and Houston.Source: AMM

AMM Weekly Shredded Scrap Price Composite

Updated: October 7, 2011

$454.20

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

201120102009

BaN mulls certification-advocacy split

‘BAN is exploring ways to spin off the e-Stewards market partnership program.’—Jim Puckett, BAN

CLASSIFIED MARKETPLACE



NetworkingNetworkingNetworking Networking

Executive Search Consultants To Service Centers & MillsSince 1976

CHARLES STICKLERCHARLES STICKLERPhone 800-877-0868

WWW.CHARLESSTICKLER.COMEmail: [email protected]

CharlesSTICKLERAssociates

SPECIALTY ROLLED METALS

www.specialtyrolledmetals.com ISO 9001: 2000 certified

HOUSTON DISTRIBUTION CENTER4543 Brittmoore Road

Houston, TX 77041Tel: 281.668.4778

MINNESOTA SALES OFFICEMinneapolis, MNTel: 651.982.1001

WISC PRECISION STRIP OPERATION112 Mary Ann Road

Beaver Dam, WI 53916Tel: 630.871.5765

NEWEST ADDITION TO OUR EQUIPMENT FAMILY:

BRAND NEW

72” RED BUD / HERR VOSSDUAL HEAD PLATE LINE

MAX CAPACITIES:THICKNESS: 3/8” STAINLESS PLATE

WIDTH: 72” LENGTH: 480”

ATLANTA DISTRIBUTION CENTER2545-D Monroe DriveGainesville, GA 30507Tel: 770.209.4364

CORPORATE HEADQUARTERS423 St. Paul BlvdCarol Stream, IL 60188Tel: 630.871.5765

DALLAS DISTRIBUTION CENTER3650 West Miller Road Suite 440Garland, Texas 75041Tel: 866.886.5533

YOUR SOURCE FOR STAINLESS AND ALUMINUM FLAT ROLLED PRODUCTS

STAINLESS: 200, 300 & 400 SERIES ALUMINUM: 3003,3105, 5005, 5052 & 6061

NetworkingNetworkingNotice Notice

GET AHEADInvest in classified advertising

Matt LesykT: (646) 274-6242F: (212) [email protected]

Matt Lesyktel: (646) 274-6242fax: (212) [email protected]


AMM NONFERROUS SCRAP PRICES Prices effective Monday, October 10, 2011


HEAVY SOFT LEAD 32-37 40-43 40-45 40-45 ...... 40-45 37-42 38-43 NA 40-45 40-45 ...... 35-40 39-44 43-48 45-50Mixed hard lead 32-37 ...... 40-45 37-40 ...... 40-45 37-42 38-43 NA ...... ...... ...... 35-40 39-44 40-42 ......Undrained, whole old batteries ...... ...... 23-25 ...... ...... 25-30 ...... ...... NA 25-28 ...... 21-26 20-25 ...... 21-26 ......WHEEL WEIGHTS 30-35 33-36 35-40 28-33 ...... 33-38 30-35 30-35 NA 31-36 36-40 30-35 27-32 ...... 36-41 ......

copper

aluminum

leaD

zinc

No. 1 heavy copper and wire 240-255 225-235 220-235 245-260 250-260 245-255 240-255 240-255 265-275 235-245 235-250 250-260 260-270 245-260 255-265 250-265NO. 2 HEAVY COPPER AND WIRE 225-235 210-225 205-220 225-240 230-240 225-235 230-245 220-235 240-255 225-235 225-240 230-245 240-250 230-245 240-255 235-250Light copper 205-220 205-220 195-210 210-225 210-225 215-225 205-220 210-220 235-245 205-215 205-220 215-230 225-235 210-225 210-225 210-225RED BRASS SOLIDS 190-200 195-205 195-205 200-215 200-210 195-205 200-210 200-215 230-240 195-205 195-205 200-210 225-235 215-230 165-175 170-180Red brass turnings, borings 185-195 170-180 165-175 175-185 175-185 170-175 180-190 175-185 185-195 180-190 185-195 175-185 190-200 180-190 150-160 160-170Cocks and faucets 150-160 ...... 155-165 155-165 150-160 155-165 155-165 155-165 165-175 155-165 155-165 155-165 160-170 165-175 155-165 155-165Brass pipe 170-180 170-180 170-180 175-185 180-190 180-190 185-195 175-185 190-205 180-190 180-190 170-180 200-210 180-190 160-170 ......YELLOW BRASS SOLIDS 175-185 165-175 165-175 165-175 180-190 170-180 170-180 170-180 190-205 175-185 180-190 170-180 200-210 175-185 155-165 155-165Mixed yellow brass turnings, borings 130-140 130-140 130-140 135-145 140-150 140-150 140-150 140-150 140-150 130-140 130-140 140-150 145-155 130-140 140-150 140-145Yellow brass rod ends 170-180 180-190 180-190 170-180 180-190 175-185 170-180 165-175 185-195 180-190 180-190 175-185 185-195 175-185 160-170 ......Yellow brass rod turnings 160-170 160-170 165-175 160-170 175-180 165-175 165-175 155-165 180-190 175-185 175-185 170-180 180-190 170-180 155-165 ......70-30 brass clips 180-190 185-195 190-200 175-185 180-190 175-185 190-200 170-180 195-205 185-195 190-200 180-190 195-205 185-195 165-175 ......AUTO RADIATORS (UNSWEATED) 160-170 160-170 165-175 160-170 170-180 155-165 160-170 150-160 175-185 160-170 160-170 160-170 175-185 175-185 150-160 155-165High-grade bronze gears 180-190 190-200 195-205 185-195 185-195 185-195 180-190 180-190 190-200 195-205 195-205 185-195 185-195 NA 165-175 165-175High-grade low lead bronze 170-180 ...... ...... 180-190 175-185 175-185 185-195 175-185 180-190 ...... ...... 175-185 185-195 170-180 155-165 ......Manganese bronze solids 155-165 165-175 160-170 155-165 175-185 165-175 160-170 155-165 165-175 160-170 160-170 165-175 165-175 165-175 155-165 155-165Miscellaneous nickel-”silver” solids 160-170 165-175 165-175 160-170 155-165 170-180 155-165 170-180 160-170 170-180 170-180 170-180 160-170 160-170 155-165 ......Manganese bronze turnings 135-145 130-140 135-145 140-145 140-150 145-155 135-145 130-140 130-140 130-140 130-140 145-155 130-140 135-145 130-140 130-140

Segregated low copper clips 60-65 58-60 62-64 61-63 59-64 58-60 60-63 53-55 62-66 60-63 60-62 60-63 65-66 60-65 59-62 59-62Mixed low copper clips 58-63 56-58 59-61 58-59 57-59 55-58 58-60 53-55 62-66 57-60 57-62 57-60 63-64 60-65 57-60 57-60Mixed clips 57-58 54-55 58-60 55-59 56-59 55-57 55-60 53-55 60-64 54-57 54-59 57-60 63-64 58-63 57-60 57-60Aluminum borings, turnings, clean and dry

35-40 33-36 35-40 37-42 36-41 35-40 39-44 35-40 38-43 35-40 35-40 37-42 37-39 38-43 37-42 37-42

Old aluminum, sheet and cast 53-58 50-51 53-54 52-57 54-59 52-55 52-57 51-54 57-59 54-57 53-56 55-60 56-58 55-60 47-50 52-55Used beverage cans, clean and dry 58-61 49-51 51-52 55-60 55-60 55-57 50-55 60-63 60-62 58-60 59-62 55-60 57-60 58-63 48-52 48-52Industrial castings 52-57 50-51 48-49 53-58 ...... 52-57 55-60 49-52 ...... 50-53 51-56 ...... ...... ...... 47-50 47-5063S aluminum solids 66-68 67-68 66-67 65-70 ...... 64-69 65-70 63-68 ...... ...... 63-68 ...... ...... 64-69 67-70 67-7075S aluminum clips 56-59 52-54 55-57 56-61 ...... 53-58 60-65 50-52 68-71 ...... 55-58 ...... 67-70 58-63 47-50 47-5075S borings, turnings, as is 40-43 ...... ...... 50-55 ...... 40-45 45-50 38-43 45-50 ...... 40-43 ...... 38-41 ...... 40-45 40-45Aluminum utensils 54-59 ...... 53-55 43-48 ...... 50-55 50-55 50-52 ...... 49-52 ...... ...... ...... ...... 47-50 47-50Painted aluminum siding 52-57 50-54 57-58 54-59 ...... 55-60 55-60 52-54 56-59 ...... 51-56 ...... 56-58 55-60 52-55 52-55

Scrap Price Changes TodayNonferrous scrap price changes were

made for these cities:None

CLICK HERE FOR PRICING ONLINE

New zinc die cast 30-35 27-29 30-35 32-37 ...... NA 32-37 30-34 33-38 30-35 ...... ...... 32-37 32-37 25-30 ......OLD ZINC DIE CAST 25-30 27-29 30-35 26-31 ...... NA 26-31 30-32 33-38 30-35 ...... ...... 32-37 30-35 20-25 25-30Old zinc scrap 25-30 27-29 30-35 26-31 ...... NA 26-31 30-32 30-35 30-35 ...... ...... 30-35 30-35 20-25 ......NEW ZINC CLIPPINGS, ENGRAVERS’ZINC AND LITHO SHEETS

65-70 67-70 ...... 66-71 ...... NA 66-71 68-72 68-73 ...... ...... ...... 68-73 65-70 ...... ......

Zinc die cast automotive grilles ...... 29-34 25-30 32-37 ...... NA 32-37 30-32 ...... ...... ...... ...... ...... 32-37 28-33 ......

Monel® and Inconel® are registered trademarks of Huntington Alloys Corp.

Estimated dealer buying prices, in ¢/lb. delivered to yard. Montreal and Toronto prices are in Canadian currency.

Atlanta Boston Buffalo Chicago Cincinnati Cleveland Detroit Houston L.A. N.Y. Philly P’burgh S.F. St. Louis Montreal Toronto


(a) Appraisal price



nicKel

New nickel clips and solids 700-710 690-700 690-700 700-710 700-710 700-710 700-710 700-710 690-700 700-710 700-710 700-710 690-700 690-700 690-700 690-700Nickel turnings 630-640 620-630 620-630 630-640 630-640 630-640 630-640 630-640 ...... ...... ...... 630-640 ...... ...... 620-630 ......New nickel-copper alloy (e.g., Monel®) clips and solids

520-530 510-520 510-520 520-530 520-530 520-530 520-530 520-530 510-520 520-530 520-530 520-530 510-520 510-520 ...... ......

Nickel-copper alloy (e.g., Monel®) turnings and shavings

500-510 490-500 490-500 500-510 500-510 500-510 500-510 500-510 490-500 500-510 500-510 500-510 490-500 ...... ...... ......

Nickel-copper alloy (e.g., Monel®) castings

510-520 500-510 500-510 510-520 510-520 510-520 510-520 510-520 500-510 ...... 510-520 510-520 ...... 500-510 ...... ......

Nickel-chrome-iron alloy (e.g., Inconel®) solids

550-560 540-550 540-550 550-560 540-550 550-560 550-560 550-560 540-550 550-560 550-560 550-560 540-550 540-550 540-550 540-550


(rev. 10/04/11)

(rev. 10/04/11)

(rev. 10/04/11)

(rev. 10/04/11)

(rev. 09/28/11)

Estimated buying prices(carload lots, delivered buyers’ works)

In cents per pound except as otherwise noted.BRASS MILL SCRAP

No. 1 copper 326.00*

REFINERS’ COPPER SCRAPNo. 1 copper 312.00*No. 2 copper 298.00*Light copper 290.00*

BRASS INGOT MAKERS’ SCRAP(rev. 10/10/2011)

Copper

No. 1 bare bright 327.00-329.00*No. 1 312.00-315.00*No. 2 292.00-297.00*Light copper 287.00-289.00*No. 1 comp. solids(rev. 10/06/11) 250.00-255.00

Comp., borings, turnings(rev. 10/06/11) 240.00-245.00

Radiators (rev. 10/06/11) 210.00-212.00

Yellow brass solids (rev. 09/30/11) 205.00-210.00Turnings (rev. 09/30/11) 200.00-205.00

SMELTERS’ LEAD SCRAPBuying prices heavy soft lead (cwt), including delivery to smelter

(rev. 09/28/11)Scrap lead $70.00-$72.00Remelt lead $77.00-$80.00Whole batteries $30.00-$31.00Cable lead $77.00-$80.00

SMELTERS’ ZINC SCRAP(rev. 09/29/11)

New zinc clippings 60.00-65.00Old zinc (clean) 40.00-45.00Die cast slab 55.00-60.00Galvanizers’ dross 65.00-70.00

SECONDARY SMELTERS’ALUMINUM SCRAP

Buying prices delivered to the smelter in full truckloads containing several grades

(rev. 10/10/2011)

Mixed low copper clips 75.00-76.00Mixed high copper clips 73.00-75.00Mixed high zinc clips 69.00-70.001-1-3 sows 75.00-76.00Siding, painted 70.00-72.00Mixed clips 71.00-73.00

Old sheet 69.00-70.00Old cast 70.00-72.00Turnings, clean and dry 68.00-70.00Aluminum-copper radiators 158.00-160.00Nonferrous auto shred (90% alum.) * 80.00-82.00* Unmixed full truckload, “twitch” grade

DOMESTIC ALUMINUM PRODUCERSBuying prices for processed used aluminum cans in carload lots, f.o.b. shipping point

(rev. 10/10/11)Used beverage can scrap 77.00-79.00

MILLS, SPECIALTY CONSUMERS’ BUYING PRICES(rev. 10/10/2011)

Segregated low copper alloy clips

5052 98.00-100.00

3105 83.00-85.00

Mixed low copper alloy clips 78.00-80.00

Painted siding 75.00-76.00

* Nominal for spot sales.

scrap metals

Prices are subject to the disclaimer appearing on the “AMM Market Guide” page.


AMM SCRAP IRON AND STEEL PRICES Prices effective Monday, October 10, 2011


DEALERS’ BUYING PRICES (¢/lb.)316 solids, clips 95-96 95-96 96-97 96-97 96-97 96-97 95-96 96-97 96-97 95-96 95-96304 solids, clips 62-63 62-63 63-64 63-64 63-64 63-64 62-63 63-64 63-64 62-63 62-63304 turnings 58-59 58-59 59-60 59-60 59-60 59-60 58-59 59-60 59-60 58-59 58-59304 new clips ...... 63-64 64-65 64-65 64-65 ...... 63-64 64-65 64-65 63-64 63-64430 new clips 13.5-14.0 ...... 13.5-14.0 13.5-14.0 13.5-14.0 ...... ...... 13.5-14.0 13.5-14.0BROKER/PROCESSOR BUYING PRICES ($/gross ton)316 solids, clips ...... ...... 2,525-2,575 2,525-2,575 2,525-2,575 2,525-2,575 ...... 2,525-2,575 2,525-2,575304 solids, clips ...... ...... 1,600-1,625 1,600-1,625 1,600-1,625 1,600-1,625 ...... 1,600-1,625 1,600-1,625304 turnings ...... ...... 1,400-1,425 1,400-1,425 1,400-1,425 1,400-1,425 ...... 1,400-1,425 1,400-1,425430 bundles, solids ...... ...... 490-500 ...... 490-500 490-500 ...... ...... 540-560430 turnings ...... ...... 440-450 ...... ...... ...... ...... ...... 480-500409 bundles, solids ...... ...... 440-450 ...... 440-450 440-450 ...... ...... 480-500409 turnings ...... ...... 350-360 ...... 350-360 ...... ...... ...... 370-390† Canadian currency

No. 1 heavy melt 375 290 385 375 285No. 2 heavy melt 365 280 370 360 275No. 2 bundles 270 245 270 270 220No. 1 busheling 405(a) 325 430(a) 430(a) ......Machine shop turnings ...... 195 170 ...... 190Mixed cast 350 ...... 355 355 ......Unstripped motor blocks 375 285 385 375 285Auto bodies 295 220 300 300 220Cut structural/plate 5’ max. 385 310 395 385 305STAINLESS STEEL SCRAP PRICES ($/ton)304 solids, clips ...... 1,600-1,625 1,600-1,625 1,600-1,625 1,600-1,625304 turnings ...... 1,450-1,475 1,450-1,475 1,450-1,475 1,450-1,475430 bundles, solids 580 580 580 580 580(a) Appraisal price

NO. 1 HEAVY MELT 345 325 335 290 325No. 2 heavy melt 335 315 325 280 ......No. 1 bundles 400 NA 430 350 375No. 2 bundles 230 255 250 230 250No. 1 busheling 405 385 430 345 400Shredded auto scrap 430 NA 395 325 365MACHINE SHOP TURNINGS ...... 220 200 195 175Shoveling turnings ...... 220 200 195 175Cast iron borings ...... 220 210 205 140Mixed borings, turnings ...... 220 190 ...... 155CUPOLA CAST ...... 325 290 245 340Cut structural/plate, 5’ max. 355 350 345 300 335Cut structural/plate, 2’ max. ...... 400 355 310 330Clean auto cast ...... 350 ...... 265 385Unstripped motor blocks ...... 315 320 ...... 330Heavy breakable cast ...... 150 190 ...... 250Drop broken machinery cast ...... 400 370 ...... 370Rail crops, 2’ max. ...... 400 370 335 ......Random rails ...... 345 320 285 ......

consumer buying pricesEstimated domestic consumer buying prices in US$/gross ton; delivered mill price.

stainless steel scrapBoston Buffalo Chicago Cleveland Detroit Houston L.A. N.Y. P’burgh S.F. Montreal†

export yarD buying pricesEstimated prices an export dealer, broker or processor will pay for items delivered to his yard, in US$/gross ton.

Estimated prices in US$/gross ton, f.o.b. car*

broKer buying prices

Scrap Price Changes TodayFerrous scrap price changes were made for these cities:

Chicago, Cleveland, Detroit, Houston, New York, Philadelphia, Pittsburgh, Hamilton

Boston L.A. N.Y. Philly S.F.

Atlanta Boston Buffalo Cincinnati Detroit

*F.o.b. (free on board at the shipping point) from dealer to broker where freight rate is absorbed by broker; freight rate based on single-car shipments.

NO. 1 HEAVY MELT 350 318 410 400 360 335 430 410 395 190 395 405 248 240 405.00No. 2 heavy melt 340 308 408 390 ...... 320 420 390 387 185 385 395 ...... 180 ......No. 1 bundles 420 ...... 490 495 440 440(a) NA 460 485 ...... 470 NA 303 ...... ......No. 2 bundles 235 240 380 ...... ...... 250 ...... 265 250 160 ...... 270 ...... NA ......No. 1 busheling 410 398 500 510 460 420 NA 480 510 ...... 480 510 355 280 506.67No. 1 industrial bundles ...... ...... NA NA NA ...... ...... ...... 510 ...... ...... ...... ...... ...... ......Shredded auto scrap 460 430 440 455 415 440 450(a) 445 460 220 440 460 173 215 449.00MACHINE SHOP TURNINGS 245 220 280 175(a) ...... ...... 305 275 260 140 255 ...... NA 130 ......Shoveling turnings ...... ...... 280 175(a) ...... ...... ...... 285 260 ...... 255 ...... NA ...... ......Cast iron borings ...... ...... 320 NA ...... ...... ...... ...... 270 ...... 240 ...... ...... ...... ......Mixed borings, turnings ...... ...... 275 ...... ...... ...... ...... ...... ...... 125 ...... ...... ...... ...... ......CUT STRUCTURAL/PLATE, 2’ MAX. NA 425 520 ...... ...... 420 ...... 470 ...... ...... ...... ...... ...... 360 ......Cut structural/plate, 3’ max. 455 395 ...... ...... ...... 410 ...... 455(a) 465 ...... 440 ...... ...... ...... ......Cut structural/plate, 5’ max. 425 365 440 445 375 390 445 435 455 215 430 460 273 270 ......Foundry steel, 2’ max. 360 ...... 410 320 350 335 ...... 420 300 ...... ...... 410 ...... ...... ......CUPOLA CAST 260 245 400 230 400 NA 430 435 340 ...... ...... ...... ...... 230 ......Clean auto cast 330 315 470 400 390 ...... ...... 445 480 ...... ...... ...... ...... ...... ......Unstripped motor blocks 400 340 435 440 380 320 ...... 410 450 ...... ...... ...... ...... ...... ......Heavy breakable cast 200 ...... 350 210 220 ...... ...... 340 300 ...... ...... ...... ...... ...... ......Drop broken machinery cast ...... 415 430 350 340 ...... ...... 450 NA 235 ...... ...... NA 370 ......NO. 1 RR HEAVY MELT 425 365 440 430 ...... 390 ...... 445 455 210 430 450 ...... ...... ......Rail crops, 2’ max. ...... 440 520 500 ...... ...... ...... 485 500 ...... ...... ...... ...... ...... ......Random rails 375 ...... 415 ...... ...... ...... ...... 400 410 245 ...... ...... ...... ...... ......Steel car wheels 490 435 485 485 ...... ...... ...... 485 485 ...... ...... ...... ...... ...... ......Other track material (OTM) 435 400 465 480 ...... ...... ...... 480 475 310 ...... ...... ...... ...... ......CLEAN USED DENSIFIED CANS ...... ...... 415 390 395 ...... 390 NA 410 ...... ...... ...... ...... ...... ......(a) Appraisal priceNA--Not available† Canadian currency; in net tons

Birmingham Carolinas Chicago Cleveland DetroitHouston

area N.Y. Philly P’burghSeattle/

Portland St. Louis YoungstownHamilton,

Ontario† Montreal† Composites

316 solids, clips 2,800-2,850

304 solids, clips 1,975-2,000

304 turnings 1,775-1,800

430 bundles, solids 640-660

430 turnings 560-580

409 bundles, solids 560-580

409 turnings 500-510

Birmingham

Electric furnace, 3’ max. 415

Cut structural/plate, 4’ max. 440

Stove plate 350

Chicago

No. 1 industrial heavy melt 440

Rail crops, 18” max. 535

Rerolling rails 475

Steel axles 450

Heavy forge bar crops 450

Stove plate 400

Punching and plate, 12” max. 550

Pittsburgh

No. 1 heavy melt, 3’ max. 410

No. 1½ bundles 430

stainless consumer buying prices

aDDitional graDes

($/gross ton)Pittsburgh



METAL ExChANgES Prices effective Monday, October 10, 2011


ALL MIXED UP: SBQ, RODS, BARS SPECIAL SECTION: 80-20 HEAVY MELT NOT LONG SHOTS M&As ADD UP

AMM, 225 Park Avenue South, New York, NY 10003

October 2011 www.amm.com Published since 1882

More ThanA Shred Of EvidenceAs shredders become more powerful and commonplace,they threaten to crowd some regions of the country as an explosion of equipment expansion fills the heads of dealers with dreams of unlimited profits.

exchange rates

shanghai futures exchange

new yorK futureslonDon metal exchangeSettlement price (*) is the same as the first-session cash asking price. Prices in US$/tonne. Stocks represent total metric tons in LME warehouses. (in China yuan per tonne)

GROW your businesssplace your classi ed ad with AMM

Matt Lesyk•646-274-6242•[email protected]

Selling prices in US dollars at 11:00 am in NY, based on Reuters quotes.

$ per per $

Euro 1.3681 0.7310

Canada (dollar) 0.9741 1.0266

Japan (yen) 0.013047 76.6450

Britain (pound) 1.5682 0.6377

China (yuan) 0.1575 6.3483

Mexico (peso) 0.0754 13.2713

Russia (Ruble) 0.0317 31.5100

Switzerland (franc) 1.1067 0.9036

Australia (dollar) 0.9995 1.0006

South Africa (Rand) 0.1278 7.8250


Aluminum 16,940

Copper 54,900

Zinc 15,090

COMEX COPPER

(cents/pound)

Comex, high grade, electrolytic cathode

Settlement (eff. 10/10/11)

Spot (Oct) 336.20

Nov 336.40

Dec 336.80

Jan 337.55

Opening stocks, short tons 88,033

COMEX GOLD

($/troy ounce)

Comex settlement (99.5%, eff. 10/10/11)

Oct $1,669.60

Nov $1,670.00

Dec $1,670.80

Feb $1,672.80

COMEX SILVER

(cents/troy ounce)

Comex settlement (99.9%, eff. 10/10/11)

Oct 3,194.40¢

Nov 3,196.20¢

Dec 3,198.00¢

Jan 3,200.00¢

NY MERCANTILE EXCHANGE

($/troy ounce)

(settlement prices, eff. 10/10/11)

Platinum (99.95%), Oct $1,520.60

Platinum (99.95%), Jan $1,525.10

Estimated volume 3,930

Palladium (99.95%), Dec $614.30

Palladium (99.95%), Mar $615.30

Estimated volume 1,701

NATURAL GAS

(cents per mmBtu)

(Nymex settlement prices, eff. 10/10/11)

Henry Hub, Nov 354.10

HOT-ROLLED COIL

($/short ton)

(Nymex settlement prices, eff. 10/10/11)

Oct $665.00

Nov $670.00

Dec $675.00

Jan $695.00

October 10, 2011 October 7, 2011

Bid Ask Bid Ask

ALUMINUM -- HIGH GRADE

1st session

Cash 2,185.00 2,186.00* 2,176.00 2,176.50*

3 months 2,221.00 2,221.50 2,212.00 2,212.50

STOCKS 4,544,725 STOCKS 4,548,725

ALUMINUM -- ALLOY (380-1, DIN 226, ADC 12)

1st session

Cash 2,200.00 2,210.00* 2,205.00 2,215.00

3 months 2,195.00 2,205.00 2,200.00 2,210.00

STOCKS 135,920 STOCKS 135,920

ALUMINUM-ALLOY (North American Special)

1st session

Cash 2,235.00 2,240.00 2,211.00 2,212.00

3 months 2,260.00 2,270.00 2,250.00 2,255.00


COBALT

1st session

Cash 30,500.00 32,500.00 31,000.00 32,000.00

3 months 30,500.00 32,500.00 31,000.00 32,000.00

STOCKS 294 STOCKS 294

COPPER -- GRADE A

1st session

Cash 7,313.00 7,314.00* 7,249.00 7,250.00*

3 months 7,346.00 7,346.50 7,277.00 7,278.00


LEAD

1st session

Cash 1,975.50 1,976.00* 1,945.00 1,946.00*

3 months 1,956.00 1,957.00 1,931.00 1,932.00


MOLYBDENUM

1st session

Cash 28,000.00 30,000.00 29,000.00 31,000.00

3 months 28,000.00 30,000.00 29,000.00 31,000.00

STOCKS 270 STOCKS 270

NICKEL

1st session

Cash 18,830.00 18,835.00* 18,705.00 18,710.00*

3 months 18,800.00 18,805.00 18,750.00 18,775.00


STEEL BILLET

1st session

Cash 599.00 600.00 588.00 588.50

3 months 570.00 580.00 550.00 557.00


TIN

1st session

Cash 22,950.00 23,000.00* 22,715.00 22,720.00*

3 months 23,025.00 23,050.00 22,675.00 22,700.00


ZINC -- SPECIAL HIGH GRADE

1st session

Cash 1,903.00 1,903.50* 1,844.50 1,845.00*

3 months 1,920.00 1,921.00 1,869.00 1,870.00



AMM MARKET gUIDE Prices effective Monday, October 10, 2011


Global Publisher and Presidentraju daswani • (646) 274-6257

[email protected]

senior ViCe President and Publisherdavid brooks • (412) 765-2583

[email protected]

editorsJo isenberg-o’loughlin, steel and ferrous scrap

(646) 274-6230 • [email protected]

Josephine Mason, nonferrous metals and scrap (646) 274-6212 • [email protected]

anne riley, associate editor(646) 274-6241 • [email protected]

neWs teaMscott robertson, chief correspondent, steel(412) 765-2582 • [email protected]

Michael Cowden, correspondent, steel(647) 347-0569 • [email protected]

Corinna Petry, correspondent, steel(630) 534-6125 • [email protected]

lisa Gordon, reporter, steel(412) 880-4992 • [email protected]

Catherine ngai, reporter, trade(646) 274-6249 • [email protected]

sean davidson, correspondent, nonferrous(646) 274-6243 • [email protected]

Chris Prentice, reporter, nonferrous(212) 224-3907 • [email protected]

thorsten schier, reporter, nonferrous(646) 274-6240 • [email protected]

suzy Waite, reporter, nonferrous(212) 224-3978 • [email protected]

Michael Marley, chief correspondent, scrap(610) 265-1263 • [email protected]

Frank haflich, West Coast correspondent(310) 914-4030 • [email protected]

neWs desKrenate Foster Mas, chief copy editor(516) 293-1683 • [email protected]

Michael r. holman, senior copy editor(708) 418-5859 • [email protected]

Francisco Marin, copy editor(212) 224-3905 • [email protected]

brooke sample, copy editor(212) 224-3906 • [email protected]

eleCtroniC ProduCtsderek lundquist, pricing administrator


ProduCtionben Moffat, production manager


lindsay Gilbert, production assistant(646) 274-6237 • [email protected]

adVertisinG salesMary Connors, vice president of sales/

publisher, AMM magazine(646) 274-6250 • [email protected]

Katie hurley, Midwest regional sales manager(646) 274-6271 • [email protected]

Matt lesyk, East Coast sales/classified sales manager(646) 274-6242 • [email protected]

russell lindsay, West Coast/Texas sales manager(254) 709-5075 • [email protected]

lisa Juncaj, ad sales/operations assistant(646) 274-6213 • [email protected]

MarKetinG and CirCulationKaren ross, group marketing manager(412) 880-4966 • [email protected]

rebecca borgony, marketing executive (412) 880-4985 • [email protected]

Christopher dunne, marketing manager(646) 274-6211 • [email protected]

rePrintslisa Juncaj


CustoMer serViCe(800) 947-9553 (US)(818) 487-4551 (Intl.)

[email protected]

subsCriPtion sales(877) 638-2856 (US)(212) 224-3577 (Intl.)

[email protected]

head oFFiCenew York

225 Park Avenue South, 6th floorNew York, NY 10003

(212) 213-6202

bureauPittsburgh

One Gateway Center, Suite 1375Pittsburgh, PA 15222

(412) 765-2580

American Metal Market (ISSN 0002-9998) is a registered trademark of American Metal Market LLC.

Subscription Rates: AMM subscription includes full web access, daily electronic issue, and print issue - $1775 per year (US, Canada, Mexico); $2075 (Central and South Americas, Europe); $2175 (all other foreign).

Copyright © 2011 American Metal Market LLC. All rights reserved. No part of this publication may be reproduced, stored in a data retrieval system or transmitted in any form whatsoever or by any means without obtaining American Metal Market LLC’s prior written consent. Unauthorized or unli-censed copying of any part of this publication is a violation of copyright law. Violators may be subject to legal proceedings and liable for substantial monetary damages for each infringement, as well as costs and legal fees.

For permission to photocopy and use material electronically from American Metal Market, please contact the Copyright Clearance Center at (978) 750-8400 (www.copyright.com).

Tel: (212) 213-6202Fax: (212) 213-6617

Subscriber services: (800) 947-9553; (818) 487-4551225 Park Avenue South, 6th floor, New York, NY 10003

footnotes† - AMM estimated prices based on quotes from aluminum mills.

DisclaimerPrices and other information contained in this publication have been obtained by American Metal Market (“AMM”) from various sources believed to be reliable. This information has not been independently verified by AMM. Those prices and price indices which are evaluated or calculated by AMM represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to AMM. Such prices are collated through regular contact with producers, traders and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists. Efforts are made to ensure that pricing information is representative, but because of the possibility of human or mechanical error by our sources, AMM, or others, AMM does not guarantee the accuracy, currentness or completeness of any published information. Neither AMM nor any of its providers of information make any warranties, express or implied, as to the results to be obtained from use of this publication, and make no express or implied warranties of fitness for a particular purpose or use. AMM is not responsible for errors or omissions, or for the results obtained by the use of such information or for any decision made or action taken in reliance on such information or for any consequential, special or similar damages, and AMM disclaims any liability to any person for any loss or damage caused by such errors or omissions, use or decision, including those arising from the negligence of AMM, its employees, or representatives.Evaluations or calculations of prices and price indices by AMM are based upon certain market assumptions and evaluation methodologies, and may not conform to prices or information available from third parties. There may be errors or defects in such assumptions or methodologies that cause resultant evaluations to be inappropriate for use. AMM is not an investment advisor, a financial advisor or a securities broker. The information in this publication has been prepared solely for informational and educational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, commodity or instrument or to participate in any particular trading strategy. Such information is intended to be an aid to your own investment process and your investment actions should be solely based upon your own decisions and research.

precious metals

titanium

GOLD

($/troy ounce)

London A.M. $1,664.00

London P.M. $1,661.00

Handy and Harman (bullion base) $1,661.00

Handy and Harman (fabricated form) $1,793.88

Engelhard (bullion base) $1,664.47

Engelhard (fabricated form) $1,789.31

IRIDIUM

($/troy ounce)

Johnson Matthey (rev. 09/21/11) $1,085.00

PLATINUM

($/troy ounce)

London P.M. fix $1,661.00

Engelhard (unfab.) (rev.10/10/11) $1,524.00

Engelhard (fab.) $1,624.00


PALLADIUM

($/troy ounce)

London P.M. fix $612.00

Engelhard (unfab.)

(rev. 10/10/11) $615.00

Engelhard (fab.) $715.00

Johnson Matthey (rev. 10/10/11) $615.00

RUTHENIUM

($/troy ounce)

Johnson Matthey (rev. 10/04/11) $155.00

RHODIUM

($/troy ounce)


SILVER

(¢/troy ounce)

Engelhard (bullion base) 3,229.00¢

Engelhard (fabricated form) 3,874.80¢

Handy and Harman (bullion base) 3,222.50¢

Handy and Harman (fabricated form) 3,867.00¢

Heraeus Precious Metals 3,218.00¢

Metalor USA Refining 3,217.00¢

London fix 3,223.00¢

Estimated market prices in $/lb, f.o.b. shipping point.Sponge, imported for consumption, including tariffJapan, rotor quality (rev. 08/19/11) $5.90Ingot, 6AI-4V (rev. 09/06/11) $12.00-$12.50Plate, alloy, AMS 49111/2 inch x 48-in x 120-in(rev. 11/04/10) $30.00-$31.00Bar, alloy, AMS 49281-in. dia. round(rev. 4/21/2011) $28.00-$29.00Plate, commercially pure,ASTM-B265 Grade 2,1/2-in x 96-in x 240-in(rev. 02/14/11) $13.50-$14.50Sheet, commercially pure,ASTM-B265 Grade 2,1/8-in x 36-in x 96 in(rev. 04/21/11) $15.50-$16.50

base metals minor metalsALUMINUM

LME(99.7%) unofficial pricesSpot(cents/lb)

100.47

3-month (cents/lb) 102.06Midwest Premium (rev. 08/19/11) 8.30¢-8.70¢AMM Free Market, ¢/lb 108.75¢-109.15¢6063 extrusion billet upcharge 10.00¢-12.00¢Domestic producer estimated prices ($/lb) †355 (355.2) 1.32356 (356.2) 1.296061 (extrusion hom.) 1.14-1.176063 (extrusion hom.) 1.22-1.25

SECONDARY ALUMINUMAMM Free Market, ¢/lb (rev. 10/10/11)A380.1 113.00-114.00319.1 118.00-119.00356.1 119.00-121.00A360.1 118.00-120.00A413.1 118.00-120.00

COPPERPremium (rev. 10/05/11) 4.00¢-5.50¢AMM free market cathode, ¢/lb 340.20¢-341.70¢

LEADPremium (rev. 04/07/11) 7.00¢-8.00¢AMM free market price, ¢/lb 96.59¢-97.59¢

NICKELMelting materialPremium (rev. 09/22/11) 20.00¢-40.00¢AMM free market price, ¢/lb 873.97¢-893.97¢Plating materialPremium (rev. 04/15/11) 65.00¢-90.00¢AMM free market price, ¢/lb 918.97¢-943.97¢

TINGrade A premium ($/tonne)(rev. 07/29/11) $650.00-$750.00AMM free market price$/tonne $23,600.00-$23,700.00¢/lb 1,070.49¢-1,075.02¢

ZINCSpecial high grade premium(rev. 05/26/11) 6.00¢-8.00¢AMM free market price, ¢/lb 92.30¢-94.30¢SHG average week ending 10/07/11 90.45¢

ZINC - DIE CASTING ALLOYSPremium Price, ¢/lb

Nos. 3 and 7 14.00¢-16.00¢ 100.30¢-102.30¢No. 5 17.00¢-18.00¢ 103.30¢-104.30¢No. 2 20.00¢-22.00¢ 106.30¢-108.30¢Zinc-aluminum foundry alloys (rev. 10/10/11)No. 8 19.00¢-21.00¢ 105.30¢-107.30¢No. 12 20.00¢-22.00¢ 106.30¢-108.30¢No. 27 30.00¢-31.00¢ 116.30¢-117.30¢

ANTIMONYAMM free market, $/tonne $15,300.00-$15,700.00

BISMUTHAMM free market, $/lb $12.75-$13.15

CADMIUMAMM free marketmin 99.95%, ¢/lb in warehouse 120.00¢-130.00¢min 99.99%, ¢/lb in warehouse 130.00¢-140.00¢

CHROMIUM METALMB free market, $/tonne $12,500.00-$13,100.00

COBALTMB free marketHigh grade, $/lb in warehouse $15.50-$16.50Low grade, $/lb in warehouse $14.60-$15.40

GERMANIUMMB free market, $/kg $1,300.00-$1,400.00

INDIUMAMM free market, $/kg $740.00-$780.00

MAGNESIUMMB Europe free market, $/tonne $3,100.00-$3,200.00AMM free market (US), $/lb $2.00-$2.35

MERCURYMB free market, $/flask $2,000.00-$2,200.00

SELENIUMMB free market, $/lb $57.00-$67.00

SILICON METALAMM free market, ¢/lb 157.00¢-160.00¢

hydro extrusion unit turns steel attention to fabricationcanacero believes china is competitive...

Documents