Scrap Metal Prices and Scrap Metal Auctions

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 [...]

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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 in Spain [...]

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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 used beverage cans [...]

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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 crisis.
Copper [...]

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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, prices are however [...]

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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, the scrap [...]

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How far will the stimulus packages announced by various countries impact the consumption of steel as steel prices recovered prices recovered in Asia which was attributed to seasonal recovery.
The outlook still remains uncertain on the demand front, given the concerns over the implementation of the packages and persistent deterioration in the consumer confidence, coupled with [...]

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