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(Washington, DC)– The Institute of Scrap Recycling Industries (ISRI), the Voice of the Recycling Industry™, filed its reply comments in the demurrage proceedings at the Surface Transportation Board (STB). These comments are a result of hearings held in the spring to investigate the rail industry’s practice of reducing free time for loading and unloading and...

LME data today show a net inflow of 14,244 tons of nickel into LME registered warehouses. In New York this morning, COMEX copper futures were trading around $2.76 per pound while NYMEX light sweet crude oil futures edged up above $59 per barrel. Reuters reports that “Refined copper cathode production by major Chinese smelters fell...

On the monetary policy front, both the Federal Reserve and the European Central Bank hold their final monetary policy meetings of the year, with no change in rates expected. Key overseas developments include this week’s election in the United Kingdom, with the Financial Times reporting “The UK goes to the polls on Thursday when voters...

The positive jobs numbers included gains in health care (+45,000), professional and technical services (+31,000), and manufacturing (+54,000), while “…employment in motor vehicles and parts was up by 41,000 in November, reflecting the return of workers who were on strike in October.” The jump in manufacturing jobs in November stands in contrast to recent reading...

No. 1 heavy melt, cast iron scrap, and other ferrous grades, according to the latest figures from the U.S. Census Bureau. However, for the year-to-date, U.S. ferrous scrap exports are still down nearly 1.6% as compared to the first 10 months of 2018 as weaker demand from Taiwan, Mexico, India, Egypt and other markets have...