Scrap Metal and Ship Recycling Update – Metal Prices Down

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