Scrap Metal Prices and Scrap Metal Auctions

Feng Hsin Iron & Steel hikes rebar, scrap purchasing prices

Taiwan’s major steel long products producer, Feng Hsin Iron & Steel announced to hike its scrap purchasing price and rebar price by NT$300/ton this week.  The company said the main reason is due to higher scrap price in the global steel market.

This is the fourth time that Feng Hsin to hike its price after Chinese New Year holiday. Feng Hsin’s new rebar offer price will be NT$19,500/ton while the scrap purchasing price will be NT$12,500/ton.

Lung Ching Steel raises steel wire rod price

Taiwan’s Lung Ching Steel, one of the electric furnace mills in Southern Taiwan, announced to raise its killed steel wire rod price by NT$300/ton to NT$19,800/ton on last Friday.

Since the scrap price has kept raising in the global steel market, it has not only pushed steel rebar price to hike but also push electric furnace’s killed steel wire rod price to go up.  The market analyst said that the main reason for price hike is due to a combination of raising scrap price and soaring wire rod price in global steel market.

Source www.yieh.com

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Last year was dedicated to gold, and 2010 seems to be the year of base metals.

According to analysts, prices for aluminium, copper, nickel, lead and zinc are all set to outsmart gold prices this year as industrial demand for these base metals from emerging economies increases.

Chin and India are expected to play as the catalyst for base metals prices as these economies will see a huge increase in industrial growth this year.

India’s industrial growth in January was 16.7 per cent this year which is a big leap from last year figures.

Again, gold also may see some gains but not like base metals. Gold prices ware unlikely to fall below $1000 per ounce and there was potential for a rise beyond the current $1100/oz level.

Gold price is not going to do as well in relation to other commodities as it did in 2009. That doesn’t mean the gold price is going down, it is just that the relativities to other commodities which are much more leveraged to the industrial cycle are going to start catching up.

India’s industrial growth was primarily led by the manufacturing sector, especially for capital goods and consumer durables. The growth rate was 17.6 per cent, revised upwards from 16.8 per cent, for December 2009 and was at 1 per cent during the corresponding month in 2008. This means India will be needing more metals for its manufacturing sector in the coming months.

The manufacturing sector grew at a robust rate of 17.9 per cent in January as against a meagre growth of 1 per cent in the corresponding month last year. Mining and electricity also registered significant growth rates of 14.6 per cent and 5.6 per cent respectively during the month under consideration, as against 1.8 per cent and 0.7 per cent in January 2009.

Given a robust industrial growth rate which has been in double digits for four consecutive months and a high inflation rate, analysts expect monetary tightening measures in the fourth quarter monetary policy review on 20 April 2010.
courtesy www.commodityonline.com

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We have taken the time to narrow down the list of auctions on eBay for just scrap metal for sale and scrap metal related items including copper wire strippers. Auctions consist of various types of scrap metal for sale including copper, steel, copper wire, aluminum, carbide, tungsten, brass and more. To bid on these items see below:

Current Scrap Metal Auctions on eBay – Bid Here!

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This lot consists of approximately 5 tons of miscellaneous scrap metal. Items are located at the New York State Department of Transportation, Lowville, New York. You must take all scrap; there is no sorting. For more information go to link below.

5 Tons of Scrap Metal For Sale – Bid Here

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We have found a great post on all types of scrap metal prices from around the United States.  Scrap Price Bulletin provids scrap metal prices in Pittsburgh, Chicago, Philadelphia, St. Louis, Detroit, Cleveland, Cincinnati, Youngstown, Buffalo, Birmingham, South Carolina, New York, Boston, Los Angeles, San Francisco, Seattle-Portland, Hamilton, ON and Houston Regional Steel production. Includes scrap prices for shredded scrap, HMS #1, #1 Heavy Melt, Bushelings, No.1 Dealer Bundles, and more. For all the scrap metal prices go to the SCRAP PRICE BULLETIN

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WorldScrap- by the pressure of fund selling, London Metal Exchange (LME) future aluminum mildly lowered on 10th ended the continuing rising. And it finally closed at 2,225 points, down by 30 points or 1.33%. Stockpiles on Wednesday, LME aluminum stocks fell by 5,150 tons, and totally fell to 4,527,825 tons.

Today, Shanghai aluminum opened low, contract NO. 1005 closed at 16,720 points this afternoon, down by 175 points or 1.04%, trading at 16,700-16,830, the stock reduced by more than 1,600 hands, trading volume continued to drop. On the spot market, the Yangtze A00 aluminum priced at 16,280-16,320 RMB/T, down by 10 RMB/T; Shanghai A00 16,280-16,310 RMB/T, down by 30 RMB/T; Guangdong Nanchu A00 16,230-16,370 RMB/T, down by 50 RMB/T.

In the short term, continuing drop of stock was the main support on the price. Meanwhile, China’s strong import data provided the market with the expectation of strong demand, which was conducive to short-term aluminum price trend, together with the high processing cost, all of which were helpful to short-term aluminum price.

Today, a slight decline was in all parts of aluminum price. Quotation was a little lower than yesterday’s, down by 50 RMB/T. Cargo operators were reluctant to sell, whose quotation was obviously remained strong. Due to the phenomenon of serious inversion mood, downstream businessmen received goods weakly, leading to poor delivery. Market transactions was in a dull atmosphere. Latest Price: Broken primary aluminum 13,100 RMB/T, broken cooked Aluminum 12,900 RMB/T.

Taken together, the recent trend of the aluminum was lack of support, early rising for the selling suppressed the space for higher prices. Therefore, the expected short-term price of aluminum materials was to maintain the needs of Interval Consolidation.

(1RMB=0.1465USD), source worldscrap.com

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Event 7629 – Bidding begins March 16, 2010

LOT 7700 – (300, 000)APPROX OF LIGHT AND HEAVY STEEL LOCATED AT FT. RILEY KS. PERFORMANCE PERIOD OF 6 MONTHS. THAT MAY INCLUDE VEHICULAR COMPONENTS, FRAMES, BRACES, CHAINS, CABLE, RACKS, DESKS, CHAIRS, FILING CABINETS, WALL LOCKERS – Fort Riley, KS

Lot 5925 – LOT (1, 000, 000) LBS. APPROX OF LIGHT AND HEAVY IRON, UNPREPARED LIGHT AND HEAVY STEEL THAT MAY INCLUDE VEHICULAR COMPONENTS, FRAMES, BRACES, CHAINS, RACKS, DESKS, CHAIRS, SHELVING, FILE CABINETS AND WALL LOCKERS – Crane, IN

Lot 7650 – LOT(100, 000)LBS. APPRX OF LIGHT AND HEAVY SCRAP STEEL WITH FOREIGN ATTACHMENTS TERM CONTRACT SALE. LOCATED AT 5050 RANDOLPH AVE. KIRTLAND AFB, NM. INCLUDES FURNITURE, DRUMS, AIR CONDITIONING AND REFRIGERATION UNITS (DRAINED OF ALL REFRIGERANTS), BAR STOCK, BANDING AND MORE – Albuquerque, NM

Steel and Iron Scrap for Sale

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