Scrap Metal Prices and Scrap Metal Auctions

Metallurgical companies from China and other East Asian countries are returning to the market after the two-week New Year vacation by Chinese calendar. During the vacation flat steel prices in the USA and Middle East countries significantly grew and European manufacturers announced the increase in the Q2. At the same time, just before the holiday [...]

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PP – The latest price: mixed PP granule 4,800RMB/T, black PP granule 5,000RMB/T.
LDPE – The latest price: mixed LDPE leftover 3,650RMB/T, first grade LDPE granule 7,500RMB/T.
PS – The latest price: mixed PS shred 4,000-4,400RMB/T, PS housing shred 4,800-5,200RMB/T, black PS shred 3,400-3,500RMB/T.
HDPE – The latest price: HDPE film shred 4,100RMB/T.
PET – The latest price: transparent [...]

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26/02/10 Chinese Spot Price – prices are in USD per ton
Motor copper $7,143
#1 Bare Bright $7,686
Shred Taint $1,843
Shred Tense $1,872
#1 Nickel $21,786
Shred Zinc $1,978
304 SS Sabot (18-8) $1,843
Lead $1,914
HMS $360
AOO Al Ingot $2,300
Shred SS (Ni = 7.8~8.0%) $1,914
Steel-making Pig Iron $399
Casting Pig Iron $421
Source: www.worldscrap.com

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Event 7658 – Bidding begins on March 1, 2010
Lot 6200 – LOT (8, 000, 000 LBS) APPROX. LIGHT AND HEAVY STEEL WHICH INCLUDES, BUT NOT LIMITED TO VEHICULAR PARTS, OFFICE EQUIPMENT, SHOP STOCK, TURNINGS AND SHAVINGS, HYDRAULIC CYLINDERS, HARDWARE, BANDING, FURNITURE, ETC. – Anniston, AL
Lot 5400 – LOT (1, 200, 000) LBS APPROX LIGHT AND [...]

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As reported by MEPS – Trading activity in Turkey has been sluggish in February. A few local long product steelmakers have opted to downgrade their production. The decision was taken after poor orders for construction steels were received. In the flat product segment, Erdemir raised its basis list values in early February. Observers had expected [...]

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As reported by www.yieh.com  - After Taiwan’s Chins Steel Corp raised the price, many downstream mills followed to increase their prices.
Chung Hung Steel’s March price is almost at same level compare to February. Some pipe mills tend not to increase price for March. But some of them will raise NT$500/ton for March in order to [...]

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US customers are cautiously optimistic that consumption will grow for seasonal reasons in the spring. At present, the supply/demand balance for strip mill products is relatively tight, with steelmakers quoting May deliveries. The availability situation could change quite quickly, however, as several previously idled blast furnaces are set to come back on stream. We can [...]

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