Scrap Metal Prices and Scrap Metal Auctions

Members of the London Metal Exchange steel committee met for the first time on March 16 and reviewed progress made in the LME billet contracts.
Turnover since the contracts’ launch in February 2008 now totals 1.3 million tonnes, or $679 million, with volumes increasing progressively since December.
Of significant importance is the decision by leading price providers [...]

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Current scrap metal prices for various grades of tin are provided below in pounds per USD and are shown less then truck load and truck load (LTL, TL)
Block Tin 3.16 4.21 lbs USD
Pewter 1.97 3.28 lbs USD
High Tin Babitt 1.82 3.04 lbs USD
Solder Dross 0.47 0.94 lbs USD
Sn/Pb Solder Scrap 0.76 1.52 lbs USD
Lead Free [...]

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Some basic recycling prices for scrap metals in India are shown below (LTL, TL)
Old Mixed Aluminium 19.22 24.87 Kg. INR
Old Yellow Brass 61.05 101.75 Kg. INR
No.2 Scrap Copper 144.71 161.67 Kg. INR
Mixed Lead 29.39 48.61 Kg. INR
Nickel Scrap 353.87 471.45 Kg. INR
No.2 Steel 9.16 11.45 Kg. INR
Stainless Scrap 44.09 [...]

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Several large government surplus auctions end on March 31, 2009 at 5pm These auction events are 4109 and 4066. Both these auction events have numerous lots of surplus items, scrap and equipment including:
4,000 lbs of cable wire on spools, refrigerators, auto shop set, filing cabinet with safe, plasma cutter, electrical equipment shelter and much more.  [...]

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The base metals complex ended mostly lower on Friday as profit-booking came in prior to the weekend. However, base metals have entered a consolidation mode as prices slipped from their highs but did not fall sharply. In the last week prices have seen consolidation along with upward lurches but the downside was supported as risk [...]

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prices below are based upon current spot market prices. Prices for scrap metal shown are in USD per lb and are shown LTL, TL
Mixed Magnetic Stainless Steel Scrap 0.05 0.10 lbs USD
Mixed Non Magnetic Stainless Steel Scrap 0.39 0.52 lbs USD
309 Stainless Steel Scrap 0.58 0.78 lbs USD
310 Stainless Steel Scrap 0.98 1.30 lbs USD
316 [...]

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Prices for scrap copper metal are shown below in USD per pounds. Prices are LTL, TL.
No.1 Heavy Scrap Copper 1.52 1.67 lbs USD
No.2 Scrap Copper 1.33 1.48 lbs USD
Light Scrap Copper 1.14 1.29 lbs USD
No.1 Bare Bright Copper Wire [...]

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US exports1.128 million tons of scrap in January – According to the related statistics, US exported 1.1 million tons of scrap in January, decreasing by 15.1 percent compared to the same period of last year.
China imported 272,000 tons of scrap from US, up by 68.7 percent year-on-year. Turkey’s scrap shipments from US totaled 212,000 tons, [...]

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We would like to hear from our subscribers what is the preferred method of delivery of posts via email.  Currently the system is set to deliver an email to subscribers as soon as a new post is made on the website.  We have the ability to send one (1) daily summary email for all the posts [...]

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Thanks to China and the Fed Reserve’s steps, global base metal prices are set to see new heights now.
China has decided to go ahead with its plans to make use of the recession and prices fall, and stock base metals so that it can boost its future projects. This move has helped the prices of [...]

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