Scrap Metal Prices and Scrap Metal Auctions

As per Metalcorp NZ Ltd website ” Metalcorp NZ Ltd was established in 1989 and still operates as a family owned business from two branches within the South Island. During our 20 year history, we have earned a solid reputation as a professional recycling facility, conducting business with integrity and enthusiasm whilst providing competitive pricing for [...]

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This is the rebar and wire rod price summary for Nov 30, 2009 as reported by www.yieh.com
Feng Hsin to keep rebar, scrap purchasing price unchanged
Taiwan’s Feng Hsin has announced to keep its rebar and scrap purchasing price unchanged this week.
The company hiked its rebar and scrap purchasing price by NT$200/ton in last week. The [...]

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China’s stainless steel 304 price predicted to keep stable in December as reported by www.yieh.com . The stainless steel 304 price in China market has increased to more than RMB 20,000/ ton from RMB 18500/ton earlier a week. It’s said the price increased mainly resulted from production cut in December.
The major stainless steel producer, Tisco, [...]

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The STATE OF NEW YORK – OFFICE OF GENERAL SERVICES has scrap metal lots up for sale which can be bid upon. Terms and conditions of the sale along with decription of the scrap metal and photos is provided on the auction site. To bid on these scrap metal auctions go to:
Scrap Metal For Sale [...]

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Base metals end week on firm footing Base metals finished the week on a positive note despite strength in the dollar as per www.commodityonline.com  Upbeat investor sentiment for the base metals pack helped the metals gain in the last week. Prices had mainly gained traction from waves of investment and fund interest this week.
This is [...]

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as reported by WorldScrap- LME copper was closed at $6,817 yesterday, down $208 as the warehouse stocks added 475 tons to 432,075 tons. SHFE copper contract 1002 slumped 1,550RMB/T and ended at 53,500RMB/T. As for the spot market, #1 copper cathode was quoted at 53,500-53,600RMB/T in Changjiang, down 900RMB/T while 53,550-53,800RMB/T in Shanghai, down 800RMB/T. [...]

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As reported by in an Article by Commodity Online, metal prices are poised to move higher.  Here are exerpts from the article:
Resource Opportunities editor and publisher Lawrence Roulston (LR) is leaning toward base metals for more impressive gains in the coming months.
I’m not counting on higher metal prices in the near term. In the longer [...]

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The Taiwan’s import price of H1 and H2 scrap was about US$295~300/ton currently as reported by www.yieh.com .
However, because Taiwan’s order quantities are so small that buyers cannot but accept offering price of Japanese supplier. Meanwhile, it’s said that earlier a Taiwan buyer purchased H2 scrap from Japan at US$315/ton c&f.

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