Old Mixed Aluminum 0.35 0.47 lbs USD
Old Yellow Brass 1.13 1.88 lbs USD
No.2 Scrap Copper 2.85 3.00 lbs USD
Mixed Lead 0.41 0.68 lbs USD
Nickel Scrap 6.14 8.19 lbs USD
No.2 Steel 345.60 432.00 ton USD
Stainless Scrap 0.74 0.99 lbs USD
Old Mixed Zinc Scrap 0.27 0.53 lbs USD

For more scrap prices in the USA including auto scrap, glass, electronics, paper, etc. go to www.scrapmetalpricesandauctions.com/us

Over 280 lots of various equipment and surplus items including pumps, wire spools, chains, check valves, dehumidifiers, generators and gensets, pistons, bearings, etc.

Bid On Military Surplus Auction Here and go to event calendar and select event 3500

The greenback added a few more ticks in value, rising to 72.30 but then again, so did crude oil, which climbed a bit more than $1.75 to the $131.05 mark. Geopolitics showed signs of significant cooling from last week’s heated rhetoric. In the latest developments, Iran welcomed the presence of U.S. officials at tomorrow’s talks in Geneva. The Bush administration, taking a page from the playbook of Mr. Obama, decided that hurling warnings towards Iran is probably less wise than trying to open a communications channel and ascertaining if there is room for possible solutions to the nuclear program bugaboo.

New York trading opened the final session of this week on an ominously weakening note, with gold showing an initial loss $7.10 per ounce at $949.90 while players will now have to look at oil, equities, and currencies in the absence of anything to digest from today’s blank economic calendar.

A raft of corporate earnings (and lack thereof) hit the street after yesterday’s final bell and some of them offered (Merril’s) cause for added worry, while others (Citi’s) showed that some progress is being achieved in the great unwind. The Dow might have an interesting time trying to deal with the good, the bad, and the ugly as it resumes trading this morning.

Silver dropped 37 more cents, trading at $18.17 while platinum and palladium continued to show further losses as well, with the former declining $32 to $1834 and the latter falling $4 to $417 per ounce. Noble metals values remain under pressure as the apparent postponement of the would-be diesel revival in the USA has been put on the back-burner due to sky-high diesel fuel prices. When additionally considering the latest N. American auto sales trends, platinum and palladium have been thus far unable to capitalize on the continuing supply issues in South Africa and have fallen to near 11 week lows.

Today’s focus shifts back to one of the gold market’s sine qua non pillars of demand: India. While investment and safe-haven demand have required almost all of gold’s recent headlines to be printed in bold, extra-large fonts, the underlying drought in Indian demand should have analysts up at night, wondering who will absorb the metal that the sub-continental buyers are evidently unwilling to consume at current prices.

As we normally come to this discussion table from an almost purely fundamentals-oriented angle, we must once again ring the alarm bell to the complacent bulls who believe that India simply does not matter any more, and that ETFs and such will take every ounce of gold that is now being, and will be dug up from the ground.

Source:
http://www.commodityonline.com/commodities/metals/Why-global-Metal-markets-are-falling-10537-3.html

No.1 Steel (3 foot) – 454.12 ton USD
No.1 Steel (2 foot) – 475.75 ton USD
No.1 Steel (1 foot) – 454.12 ton USD
Special Plate Punchings – 519.00 ton USD
No.2 Steel (3 foot) – 406.55 ton USD
No.2 Steel (2 foot) – 410.88 ton USD
No.2 Steel (1 foot) – 415.20 ton USD
No.3 Steel (Prepared Bushling) – 378.44 ton USD
No.4 Steel (Prepared Silicon Bushling) – 335.19 ton USD
No.4 Steel (Bundled Silicon Bushling) – 341.68 ton USD
No.1 Shredded Steel – 583.88 ton USD
No.2 Shredded Steel – 562.25 ton USD
No.3 Shredded Steel – 486.56 ton USD

Mixed Magnetic Stainless Steel Scrap 0.12 0.24 lbs USD
Magnetic Stainless Steel Turnings 0.06 0.12 lbs USD
Mixed Non Magnetic Stainless Steel Scrap 0.91 1.21 lbs USD
309 Stainless Steel Scrap 1.36 1.81 lbs USD
310 Stainless Steel Scrap 2.27 3.02 lbs USD
316 Stainless Steel Scrap 1.59 2.12 lbs USD
321 Stainless Steel Scrap 1.13 1.51 lbs USD
330 Stainless Steel Scrap 1.70 2.27 lbs USD

Block Tin 6.96 9.28 lbs USD
Pewter 4.33 7.22 lbs USD
High Tin Babitt 4.02 6.70 lbs USD
Solder Dross 1.03 2.06 lbs USD
Sn/Pb Solder Scrap 1.62 3.25 lbs USD
Lead Free Solder Scrap 2.46 4.91 lbs USD
Detining Can Scrap 0.16 0.32 lbs USD

Old Mixed Aluminium 0.36 0.49 lbs CND
Old Yellow Brass 1.13 1.88 lbs CND
No.2 Scrap Copper 2.86 3.01 lbs CND
Mixed Lead 0.34 0.58 lbs CND
Nickel Scrap 6.25 8.33 lbs CND
No.2 Steel 314.74 393.42 ton CND
Stainless Scrap 0.92 1.22 lbs CND
Old Mixed Zinc Scrap 0.26 0.53 lbs CND

Current base price of H2 scrap in Kanto region is prevailing between ￥68,500~￥69,000/ton, and that in Osaka is around ￥70,500~￥71,000/ton.

Tokyo Steel has raised its scrap purchases prices by ￥1,000/ton on July 2, as it reached ￥71,500/ton at Utsunomiya plant.

News Date 7/8/2008 8:58:30 AM reported by Eric Huang www.yieh.com

The global scrap prices have shot up since last week. US’s scrap price also started to climb after previous fall.

In US market, No.1 scrap has lifted slightly by US$8.4/ton to US$506.7/ton on July 4.

Scrap prices remain unchanged for Chicago and Pittsburg at US$495/ton and US$500/ton respectively while price up by US$25/ton in Philadelphia.

News Date 7/8/2008 9:28:56 AM reported by Elaine Chen www.yieh.com