Base Metals like other commodities were also on a rollercoaster ride in the last year. Strong growth shown by China, major consumer of base metals, led to sharp rise in metals like copper, lead, nickel, zinc till the mid of the year 2008. Prices started climbing as restocking by metal traders, rise in industrial activity […] ↓ Read the rest of this entry…
Rebar price to move up in EU – As scrap prices rose recently, rebar prices in EU market started moving up. Italian rebar prices were between US$630 and 644/ton during the past few weeks, and prices fell to US$602-616/ton. It is predicted to rebound in January, 2009. On the other hand, the current rebar prices […] ↓ Read the rest of this entry…
The blog for the Alcoa Recycling Company is a very informative source for aluminum metal prices, aluminum beverage can recycling prices and other news and information on aluminum. An example post from the site is provided below: Friday, December 19, 2008 Today’s Aluminum Pricing Information Based on today’s London Metal Exchange market, the retail price for […] ↓ Read the rest of this entry…
Comodity Online : Base metals, especially copper climbed Monday on higher oil prices and weak dollar despite lack of demand due to economic slowdown. Copper rose more than 4 per cent from a lost almost 60 per cent this year and is expected to remain weak next year as a result of the global financial […] ↓ Read the rest of this entry…
Japan’s scrap prices tend to slip The latest market situation shows that scrap prices in Japan’s Kanto and Kansai tend to slide further. Most local mills couldn’t help but stop or restrict receiving the local scrap. In Kanto, basic H2 scrap prices are between ￥15,500~16,000/ton, but export prices are predicted to rise slightly. In Tokyo, […] ↓ Read the rest of this entry…
American scrap prices increase American scrap prices went up by US$113/ton during the beginning of December, even though the demand is still weak and some mills have not only cut output but also lowered stock. Market participants still remain optimistic for scrap price because steel mills will have to purchase some after new year. Besides, […] ↓ Read the rest of this entry…
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