December 6, 2015
Scrap Metal News:
Yieh reports that US’s H1 steel scrap prices fell to US$144.83/long ton end of November 9, down by US$7.67/long ton compared to the previous week, for three consecutive weeks low.
In other news – According to France the steel Association (FFA) published the latest data showed in November this year, France’s scrap prices stop falling, compared to prices fluctuation between US$4.2/ton and US$5.3/ton in October.
In November, France’s scrap prices decreased substantially by € 86/ton or about US$91/ton).
Ship Demolition Scrap Prices Update
Lion Shipbrokers reports that subcontinent rates have slumped to levels below the $300 per lt mark for bulkers and the prospects are that prices will decrease further. We have not recorded any demo sales in China or Turkey for one more week. For an overview of the recycling market rates this week, please check Lion Shipbrokers comprehensive demometer below:
LION’S DEMOMETER (USD $ / LT)
COUNTRY BULKER TANKER CONT/TWEEN TREND
TURKEY 150-160 160-170 150-160 down
PAKISTAN 270-280 290-300 – down
INDIA 270-280 290-300 300-310 down
BANGLADESH 280-290 300-310 300-310 down
CHINA 120-130 130-140 140-150 down
Scrap Metal Prices
As provided by Iron Mike (Detroit, Michigan USA)
Ferrous Scrap Metal
1 Busheling $75 gt
#1 Baling $45 gt
#2 Baling $40 gt
Plate and Struct 2’x 5′ $60 gt
Plate and Struct scrap (unprep) $50 gt
Heavy Melt 2’x 5′ $50 gt
Heavy Melt scrap (unprep) $30 gt
Junk Cars $25 gt
Auto Cast $95 gt
Yard Cast(breakable) $20 gt
Sheet Iron $20 gt
Engine Block (clean) $40 gt
Scrap Bare Bright Copper $1.90 lb.
Scrap #1 Copper $1.90 lb.
Scrap #2 Copper $1.75 lb.
Scrap insul Hvy #1 copper Wire 85% Recovery . $1.40 lb