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American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
What are the latest scrap metal prices? Scrap metal prices are determined by current market conditions and will increase and decrease based on demand and supply. Good resources to gauge current ...
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [1]
Some scrap yards' websites have updated scrap prices. In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index, also report on the US scrap price, which ...
In the 20th century, the US industry successively adopted the open hearth process, then the basic oxygen furnace. Since the American industry peaked in the 1940s and 1950s, the US industry has shifted to small mini-mills and specialty mills, using iron and steel scrap as feedstock, rather than iron ore.
Herbert Black joined his father's scrap metal recycling business, American Iron and Metal Company Inc. ("AIM") in 1961, at the age of 17. Over the past 55+ years, he has played a key role in transforming AIM from a local scrap operation to one of the largest and most successful recycling enterprises in North America.
Sorting may be done manually or using technologies like eddy current separators, air classifiers, and density separators. [7] The scrap is sorted into categories like wrought alloy scrap, casting alloy scrap, used beverage cans, automobile scrap, and mixed scrap. Proper sorting is essential for producing high-quality recycled aluminium.
Recycling is via a steelworks: scrap is either remelted in an electric arc furnace (90-100% scrap), or used as part of the charge in a Basic Oxygen Furnace (around 25% scrap). [20] Any grade of steel can be recycled to top quality new metal, with no 'downgrading' from prime to lower quality materials as steel is recycled repeatedly. 42% of ...