The Institute of Scrap Recycling Industries (ISRI) is announcing that it has opened up its popular Superfund Recycling Equity Act (SREA) Reasonable Care Compliance Program to nonmembers. The SREA Reasonable Care Compliance Program offers detailed reports on consuming facilities' environmental compliance records. Doing such due diligence on facilities can assist recyclers with the defense of a Superfund liability claim as a way of showing "reasonable care."
Institute of Scrap Recycling Industries (ISRI)
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The Institute of Scrap Recycling Industries, Inc. (ISRI) is the Voice of the Recycling Industry. ISRI represents approximately 1,300 companies in 21 chapters in the U.S. and 34 countries worldwide that process, broker and consume scrap commodities, including metals, paper, plastics, glass, rubber, electronics, and textiles. With headquarters in Washington, DC, ISRI provides education, advocacy, safety and compliance training, and promotes public awareness of the vital role recycling plays in the U.S. economy, global trade, the environment, and sustainable development. Generating more than $105 billion annually in U.S. economic activity, the scrap recycling industry provides nearly half a million Americans with good jobs.
The nation's recycling industry is calling on the Surface Transportation Board (STB) to address unreasonable railroad practices related to railcar supply and storage fees. Members of the Institute of Scrap Recycling Industries (ISRI) today testified before an STB hearing that rail is a critical mode for transporting ferrous and nonferrous scrap metal, particularly for distances greater than 200 miles. Since many recycling facilities are served by only one major freight railroad, there are rarely alternative modes of transportation - which means scrap metal and other recycling companies are too often suffering poor rail service and seeing skyrocketing fees.
The Basel Convention Conference of Parties have adopted amendments to the Convention that will impair the trade of recyclable plastics. According to the Institute of Scrap Recycling Industries (ISRI), this effort, intended to be an international response to plastic pollution in marine environments, in reality will hamper the world's ability to recycle plastic material, creating an increased risk of pollution.
Recycling industry calls on U.S. Mint to resume mutilated coin redemption program after unexpected shutdown
The Institute of Scrap Recycling Industries (ISRI) expressed concern over the announcement by the U.S. Mint to re-suspend the Mutilated Coin Redemption Program and is offering its expertise to work with the agency to identify and resolve any concerns as quickly as possible. Along with the Mint, ISRI shares the goal of recovering and recycling coins while protecting the program's integrity.
In recognition of the 49th Earth Day, the Institute of Scrap Recycling Industries (ISRI) is joining individuals and organizations around the world in celebration of the earth and what can be done to preserve it. Earth Day, started in 1970, takes place annually on April 22 in a worldwide effort to save and nurture the environment of which recycling plays a crucial role.
The Institute of Scrap Recycling Industries (ISRI) has praised the U.S. Trade Representative's (USTR) decision to exclude parts used in automobile shredders from a 25 percent tariff on parts bought from China. Often referred to as "wear parts" due to the need to frequently replace them, the large-scale availability of these components is critical to ensuring American recyclers can provide valuable raw materials relied upon by the U.S. domestic steel and aluminum industries in the manufacturing process.
In recognition of its innovative use of recycled plastic, and its product design centered on recycling, the Institute of Scrap Recycling Industries (ISRI) has named Nestlé Waters North America as its 2019 Design for Recycling® (DFR) Award winner. The DFR Award is ISRI's most prestigious award given annually to the most innovative contribution to products designed with recycling in mind. Nestlé Waters has received the award specifically for the design of its Nestlé® Pure Life® 700ml bottle made from 100 percent recycled PET plastic (rPET).
ISRI 2019 began Monday night with the show's traditional opening night reception. Close to 300 exhibitors are at this year's event, along with several thousand registered attendees. On the show floor, companies are showing off the latest expertise, equipment, technology, systems, software, services, parts and more for the scrap recycling industry. ISRI sessions through the week are focused on operations, the latest technology and equipment as well as global markets for metals, plastics, paper, tires and e-waste.
The latest draft of the R2v3 standard has been released for public comment following an extensive process to revise and strengthen the standard to reflect the rapidly growing and changing electronics recycling industry. The Institute of Scrap Recycling Industries (ISRI) will be hosting the first public hearing on the revision during the ISRI2019 Convention and Exhibition, April 9 at 5:45 pm, in room 403A, at the Los Angeles Convention Center.
Steel and ferrous scrap market participants in North America enjoyed a much healthier 2018 amid higher prices and sales volumes. Nucor Corp. reported their average sales price for steel sheet increased from $689 per net ton in 2017 to $828 per net ton in 2018. At the same time, steel production in the United States expanded 6.2 percent to 86.7 million tons in 2018, according to figures from the World Steel Association. As steel production increased and pricing improved, scrap demand rose and profit margins were bolstered. U.S. Steel Corp. reports their adjusted net earnings rose to $957 million in 2018, up from $341 million in 2017.