Price Update from Fair Salvage Company

October 4 2012 –  Price update provided by  Fair Salvage Company - located at 2731 E. Grass Lake Road | Clare, MI 48617| Ph: 989-386-7552| Fx: 989-386-2415

Vehicles and sheet iron have fallen $10.00 per ton. The steel market is continuing to grow softer and there may be additional drops in sheet iron and vehicles as soon as later today, as well as drops in heavier steel and all cut grades.

Price as of right now for sheet iron and vehicles is $170.00 per net ton.

Please visit our site for a complete price list at this time.

In other news:

US stainless steel imports fall dramatically in September

The US stainless steel import has declined drastically to about 82,359 tons in September, down by nearly 20% from August, especially imported from Italy, according to US Department of Commerce.

Most of slump in imports were main on the stainless steel hot rolled coil (HRC) as dropping over 10,000 tons suddenly from August to September, which is the worst in last 12 months.

Similarly, the stainless HRC imported from Italy to the US also tumbled sharply from 13,267 tons to only 3,530 tons.

Source: Yieh