Press Releases

(Washington, DC) –  The Institute of Scrap Recycling Industries (ISRI), today applauds the removal of proposed legislation from consideration by the New Jersey Assembly. ReMA submitted comments opposing A-2212 and its Senate companion that would have unintentionally harmed recycling innovation and stymied investment as currently written. “The removal of the proposed legislation is a victory...

In New York, COMEX gold futures surged as high $1,974.70/to today on gains various attributed to rising inflation concerns, the weaker dollar, and the massive influx of fiscal and monetary stimulus. In foreign exchange trading, the US Dollar Index was mixed today with the euro trading around $1.1733 while the greenback was buying 105.08 Japanese...

On Monday, the Census Bureau reported durable goods orders increased 7.3% month-on-month, beating the 6.4% consensus forecast. Also on Monday, “Senate Republicans rolled out a roughly $1 trillion coronavirus relief bill proposal, launching a mad dash to reach a deal with Democrats on expiring unemployment payments and other aid disputes in the parties’ rival plans....

Initial Unemployment Claims The claims for the week ending July 18 were nearly seven times greater than the comparable week a year ago, when 196,382 initial claims were filed. Insured unemployment claims, a measurement of total unemployment with a week lag from initial claims, was 16,390,919 (NSA) for the week ending July 11,2020. This is...

Ferrous The World Steel Association reported last week that for the month of June 2020, world steel production decreased 7% year-on-year to 148.3 million tons. Worldsteel reports that “China produced 91.6 Mt of crude steel in June 2020, an increase of 4.5% compared to June 2019. India produced 6.9 Mt of crude steel in June...