Scrap Metal Prices and Scrap Metal Auctions

As reported by Commodity Online: Steel scrap prices are heading south across the globe now. Even though global scrap market resisted the decline for long but in mid-October the prices started falling.
In Far East the price for the US scrap decreased to $285 per tonne from $300 per tonne. Japanese H2 scrap is purchased by [...]

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NORTH AMERICAN AVERAGE CARBON STEEL PRICES – LATEST FORECASTS FROM MEPS
Flat products transaction values are likely to continue decreasing over the next few months, even though the steelmakers are operating close to, or under, the cost of production. There are rumours suggesting that further discounting is being undertaken. This could add further downward pressure in [...]

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Many subscribers and readers ask What is the current scrap metal recycling price for HMS, steel and iron? There is no direct answer to this question as there are many grades of steel, iron and HMS scrap.  For example, there is plate and structural (P&S), #1 unprepared steel, #1 prepared steel, HMS 1, HMS 2 [...]

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How far will the stimulus packages announced by various countries impact the consumption of steel as steel prices recovered prices recovered in Asia which was attributed to seasonal recovery.
The outlook still remains uncertain on the demand front, given the concerns over the implementation of the packages and persistent deterioration in the consumer confidence, coupled with [...]

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Financial problems across the region are expected to negatively affect demand over the coming months. This, coupled with weak export markets, will push transaction values for all flat products lower in the short term. De-stocking by distributors is forecast to continue during the final quarter. Consequently, mill sales volumes are likely to drop further. This [...]

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US H1 scrap prices down
On October 20, the average price of H1 scrap in Pittsburgh, Chicago, and Philadelphia was US$182.50/long ton, down by US$6.67/long ton from last week. The price of No.2 bundle scrap was US$139.50/long ton, as the same as last week.
Among them, the average price of H1 scrap in Pittsburgh was US$194.50/long ton, [...]

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US H1 scrap prices dropOn October 13, the average price of H1 scrap in Pittsburgh, Chicago, and Philadelphia was US$189.17/long ton, down by US$61.66/long ton from last week. The price of No.2 bundle scrap was at US$139.50/long ton, down by US$105/long ton from last week.
Among them, the average price of H1 scrap in Pittsburgh was [...]

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A global trend toward less demand and lower pricing for steel has become pronounced since late July, according to a summary prepared by the London Metal Exchange (LME).  For complete article go to http://www.recyclingtoday.com/News/news.asp?Id=14002

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American scrap has been suffering from a serious price plunge since September because of lower demand in both domestic and global markets; the price will drop again during October but buyers are still waiting to see what the future trends will be.
At present, the angle scrap price is US$320~330/ton in the eastern gulf, the fragment [...]

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American H1 scrap prices decrease After rising by US$30~50/ton in September, American domestic H1 scrap price dropped again in the first week of October due to very weak demand in the domestic market.
The current price is US$220/ton. Meanwhile, America’s main scrap exporter, Sims Group has cut the purchase price of scrap by US$90/ton. Due to [...]

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