Scrap Metal Prices and Scrap Metal Auctions

Here is a good article which discusses global scrap metal prices. The article states “Scrap prices rose considerably during April 2010. Prices rose from EUR 65 to 80 per tonne, depending on scrap grade and region” Complete article can be found at http://www.sekundaer-rohstoffe.com/April_10_bvse-Nr083_englisch.pdf

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LME copper futures entended losses and closed at $7,395 yesterday, down $70.2 as investors were still worried about the demand outlook while the warehouse stocks reduced 1,475 tons, bringing the total levels of 502,550 tons. SHFE copper opened higher today, but later declined and ran into fluctuation. Contract 1008 ended at 58,740RMB/T, with loses of [...]

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Taiwan’s domestic rebar buyers have requested mills to reduce their rebar offer price several times recently, because of the dropping scrap price in global steel market,
In the past two weeks, the scrap price has dropped by NT$1,700/ ton; however, the rebar price has only down by NT$700/ton which is still higher than buyers’ expectation.
According to [...]

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According to yieh.com, South European scrap prices have been down by €20-30 since the beginning of April.
The current heavy scrap are at between €320-340/ton, new scrap and shredded scrap vary between €340-360/ton.
A southern European participant believes that scrap prices are now going down throughout Europe. The current price levels in Italy, Spain and Greece [...]

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Feng Hsin Iron & Steel cuts scrap purchasing price again
According to yieh.com – Feng Hsin Iron & Steel has cut its scrap purchasing price again by NT$300/ton today.
Meanwhile, Feng Hsin’s scrap purchasing price is prevailing at NT$12,900~13,400/ton. The total decrease is NT$1,700/ton in two weeks and the key factor for the continuously drop is that [...]

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29/04/10 Chinese Spot Prices for Scrap Metal. Scrap metal prices are in USD per Ton
Motor copper $7,186
#1 Bare Bright $7,786
Shred Taint $1,871
Shred Tense $1,914
#1 Nickel $25,857
Shred Zinc $2,029
304 SS Sabot (18-8) $2,043
Lead $1,914
HMS $351
AOO Al Ingot $2,314
Shred SS (Ni = 7.8~8.0%) $2,114
Steel-making Pig Iron $416
Casting Pig Iron $439 [...]

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Current press release from the London Metal Exchange (LME)
- Tuesday, 27th April 2010 saw 1,514 lots traded – previous high was 1,288 lots
- MOI up 155% since start of year to 2,906 lots from 1,138 lots
28th April, 2010, London – Trading in steel futures on the London Metal Exchange reached a new record yesterday, with [...]

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