Scrap Metal Prices for Steel Drop and Ship Demolition Prices Soft

October 19th scrap metal prices report. Latest pricing and news on the scrap metal market.

Scrap Metal News

YIEH reports that the US H1 scrap prices averaged at US$152.5/long ton on October 12th, dropping by US$46.67/long ton from the previous week.

Among them, the average prices of H1 scraps in Pittsburgh were at US$149.5/long ton, dropping by US$50/long ton; those in Chicago were at US$164.5/long ton, reducing by US$50/ton; and those in Philadelphia were at US$143.5/long ton, decreasing by US$40/long ton; all in comparison with the previous week.

Ship Demolition Scrap Recycling Report



Lion Shipbrokers reports that Subcontinent activity is almost non-existent; the rates offered are disappointing (region of below $300 per lt for bulkers) and short term market prospects are negative. We recorded a total of just
3 sales this week (2 handysize bulkers plus 1 containership). We have not recorded any demo sales in
China or Turkey. For an overview

LION’S DEMOMETER (USD $ / LT)

COUNTRY BULKER TANKER CONT/TWEEN TREND
TURKEY 130-150 150-170 140-160 soft
PAKISTAN 300-310 320-325 – soft
INDIA 290-305 315-325 310-315 soft
BANGLADESH 300-310 310-320 310-315 soft
CHINA 125-135 135-145 135-145 soft

SCRAP METAL REFERENCE PRICES

Bare Bright Copper $2.05 lb.to $1.90 lb.
#1 Copper $2.00 lb. to $1.90 lb.
#2 Copper $1.85 lb. to $1.75 lb.
insul Hvy #1 copper Wire 85% Recovery $1.55 lb.to $1.40 lb.
insulated Light Wire 50% Recovery $0.52 lb. to $0.40 lb.
EDM Wire $1.40 lb. to $1.28 lb.



#1 Busheling $130 gt to $85 gt
#1 Baling $100 gt to $60 gt
#2 Baling $95 gt to $50 gt
Plate and Struct 2’x 5′ $130 gt to $70 gt
Plate and Struct scrap (unprep) $100 gt to $60 gt
Heavy Melt 2’x 5′ $120 gt to $75 gt
Heavy Melt scrap (unprep) $90 gt to $40 gt
Junk Cars $70 gt to $45 gt