June 27, 2012 – Copper Dry Bright is at $3700 per £/tonne. Current scrap metal prices in the United Kingdom for non ferrous and ferrous scrap metal.
Non Ferrous Scrap Metal Prices Ranges are in £/tonne ExWorks. These are buy and sell prices.
Copper Dry Bright 3700 4150
Lead Scrap 850 1050
Lead Batteries 445 545
Alum Cuttings/Tense 925 1025
Scrap Iron and Steel Metal Prices Ranges are in £/tonne ExWorks
Foundry Short Steel Scrap 275 345
Car and Lorry Engines 265 310
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In other news:
WEAK DEMAND GROWTH UNSETTLES PRICE SENTIMENT IN THE BRIC NATIONS
The MEPS BRIC Countries’ average transaction prices declined this month for all eight carbon steel product forms researched.
Brazilian steelmakers remain focused on supplying finished steel products to their domestic customers. Export opportunities are scarce. Moderate pricing policies are expected to remain in place in the short term. Internal steelmakers are operating at 80 percent of capacity, similar to last year’s figure.
Difficult trading conditions persist in Russia. Underlying consumption has fallen short of industry projections. The mills have resisted offering discounts and more favourable payment terms, fearing such measures would be counterproductive and only fuel further price instability. The Supreme Arbitration Court has overturned the embargo on the exporting of ferrous scrap material from most Far East ports.
Indian steelmakers remain bearish over the general outlook for domestic steel consumption in the third quarter. Market sentiment has deteriorated, amid weak underlying demand growth and economic uncertainties. The Bureau of Indian Standards’ (BIS) new quality control regulations will come into effect in mid-September. Distributors are concerned that the impending guidelines will restrict import volumes.
In China, business confidence has weakened in recent weeks. Uncertainty over future price direction has hampered bookings. MEPS sources remain bearish over the general market trend. The China Iron and Steel Association (CISA) has questioned whether the country’s current crude steel production growth levels are sustainable in the long run.