Scrap Metal Prices and Scrap Metal Auctions

08/02/10 Chinese Spot Prices for scrap metals. Prices are in USD per ton:

Motor copper $6,557
#1 Bare Bright $7,100
Shred Taint $1,814
Shred Tense $1,857
#1 Nickel $20,086
Shred Zinc $1,964
304 SS Sabot (18-8) $1,786
Lead $1,843
HMS $341
AOO Al Ingot $2,286
Shred SS (Ni = 7.8~8.0%) $1,857
Steel-making Pig Iron $386
Casting Pig Iron $423

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Purchasing.com recently reported that weak demand has forced steel prices down. A video on this report is available at http://video.purchasing.com/services/player/bcpid22207425001?bctid=61281452001

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MEPS forecasts world steel output at 1350 million tonnes in 2010. This will be an “all-time” high figure and represents an increase of approximately 11 percent over the anticipated outturn in the previous twelve months. Blastfurnace iron production is also predicted to reach a record level in 2010. At 994 million tonnes, it would be almost 11 percent above the result a year earlier. Further significant gains are foreseen in 2011.

The last peak year for global iron and steelmaking occurred in 2007 at almost 947 and 1345 million tonnes, respectively. Our latest forecast for 2010 indicates that the return to past glory will take just three years. This compares with five years in the early 1980’s and eight years in the 1990’s.

The current short recovery period is almost entirely due to the economic stimulus packages put in place by the Chinese government. With China accounting for almost 50 percent of both supply and demand, strong activity in this country, will have a positive impact on the global steel scene.

The final figure for world steel output in 2009 is expected to be 1217.5 million tonnes – down by 8.2 percent, year on year. Blastfurnace iron production is predicted to have slipped to 896 million tonnes in the same period. This is 3.3 percent below the 2008 figure. Direct reduced ironmaking in 2009, at 62.3 million tonnes, will be an annual decrease of 9 percent.

For complete article with steel charts go to the Source: MEPS – World Steel Outlook Quarter 4 2009

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Feb 8, 2010 – Reuters published Monday February 8th’s metals prices in rupees per tonne at the Bombay Metal Exchange:

METALS – Copper wire bars (HCL*), Aluminum ingots, Zinc slab, Lead ingot, Tin, Nickel , Cathode

SCRAP – Copper cable scrap, Copper heavy scrap, Copper armeture, Copper utensil scrap, Copper sheet cutting, Brass utensil scrap, Brass sheet cuttings, Aluminum utensil scrap

Pricing can be found at the Reuters article MUMBAI INDIA SCRAP METAL PRICES

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According to www.yieh.com – American container scrap price starts to hike.

The current 80:20 container scrap offer of main traders is around US$365/ton but it’s nevertheless higher than Taiwanese steel mills’ ideal prices. It’s said that few of Taiwanese domestic steel mills would like to purchase more but supply has not been able to keep up

Besides, according to the market news, Southern American scrap price is prevailing at US$340/ton which is lower than Northern American scrap due to quality problem.

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This scrap metal auction is for One (1) Pound of COPPER TAILINGS which is a Sample Order. Client has 1000’s Of Pounds Packed In Gaylord Boxes. Our Inventory scrap metals for sale include, Copper Aluminum With Traces Of Steel Mix Tailings,
Copper and Aluminum Mix Tailings, Aluminum Bare + Cast Aluminum + Aluminum with traces of Steel. To see pictures and more information, see link below:

Bid Here on COPPER TAILINGS SCRAP For Sale

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Imagine how many scrap aluminum cans will be generated today from people at the Super Bowl or watching the Super Bowl around the world.  Scrap aluminum cans are recyclable and worth money.  Although aluminum prices are lower over the last month, they are still near 70 cents per pound.  See aluminum can price charts below:

We hope you find this article interesting and useful.  How much are you getting paid for scrap aluminum in your area?  Leave a comment.

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Zambia copper output to rise

Standard Chartered Bank estimates the copper production in Zambia will be higher than 700,000 tons in 2010. The bank said, because of the huge investment for mine expansion project in Zambia in 2009, the mining sector expanded by 21.4 percent, but the bank also warned that the uncertainty of taxation will force mining companies to reduce their investment activities. Zambia started to impose mining windfall tax in 2008, but the tax had been canceled when the price decreased in 2009.

Barclays Capital: Copper price to rise

It is estimated by Barclays Capital that the price of copper will be rose by 34 percent in 2010. One analyst of Barclays Capital said, LME’s stock average price of copper is US$6,875/ton, a 5 percent increase compared with its previous forecast. LME’s stock average price of copper in 2009 was US$5,148/ton. Global copper demand is expected to grow, although the demand was reduced by 10 percent in the previous year.

Source www.yieh.com

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