Oct 30 Scrap Metal Price Market Summary
on October 30th, 2009 at 8:21 amUS scrap exports in August slide
According to the statistics, US exported 609,833 tons of H1 scrap in August, and total H1 scrap exports during Jan- Aug were about 4.04 million tons, which slid by 6.4 percent compared with the same period of 2008.
On the other hand, US exported about 878,000 tons of steel turning scrap in August, and total exports during Jan- Aug were about 5.76 million tons sliding by 7.8 percent compared with last year.
Government Surplus Scrap Metal For Sale – Bid Here!
Taiwan’s scrap prices plunge
Taiwan’s scrap prices have dropped significantly in these weeks.
Domestic scrap prices reduced by around NT$$1,400/ton to NT$9,100~ 9,600/ton which is lower than the costs of scrap suppliers and therefore are suffering big loss now. According to the scrap suppliers, if the steel mills won’t lift the purchasing price, they may plan to cut the supply quantity of scrap or even stopped supply.