Scrap Metal Prices and Scrap Metal Auctions

As steel price slid, China Iron & Steel Association (CISA) reported that the profit of China’s steel industries in July dropped to RMB2.86 billion by 54 percent from last month and even by 73 percent year-on-year.
Also, CISA said that 28 steelmakers reported the loss in July, and the number doubled than that of June.
However, China’s [...]

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The consumption of steel is expected to boost by 10 percent to 12 million tons by 2010 in Thailand, mainly focusing on the auto industry, according to Iron and Steel Institute of Thailand (ISIT).
With expected demand recovery in the second half of 2010 in the whole world, steel price is going to surge by 5~10 [...]

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AK Steel has informed its customers about the increase of surcharge by US$350/ton for electrical steel products. It will be effective on the invoices shipped in October 2010. AK Steel’s surcharges are calculated by the reported prices for raw materials as well as energy which are used to manufacture the products. The purchasing cost in [...]

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HOT ROLLED COIL
US transaction values continued to rise in the third quarter 2009 as delivery lead times extended. Although raw steel output was climbing steadily as blast furnaces were relit, the economy remained depressed, leading to a persistently low level of steel consumption. Selling figures leveled off in the final trimester. A flurry of mill [...]

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Taiwan’s Yieh Hsing Enterprise has announced to keep its carbon steel wire rod prices unchanged for September.
The new price is as same as expectation from the market. However, the new price is also as same as Quintain Steel.
The company’s new price for killed steel wire rod is NT$22,500/ton. And the rimmed steel wire rod price [...]

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According to TISCO’s semi-annual report on stainless steel product in 2010, the output of stainless steel was about 1.4 million tons in the first half of this year with net profit around RMB1.8 billion, which increased by 8.7 percent from a year ago.
The company expects its total output of stainless steel about 2.8 million tons [...]

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 World stainless steel transaction prices have followed a general upward trend over the past twelve months. Stronger economic conditions, coupled with various government stimulus projects, boosted steel consumption. De-stocking by distributors resulted in low inventory levels by the end of last year. This helped to stabilise the market.
Transaction values in western countries slipped during the [...]

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In order to reflect the production cost, it is expected the Chinese domestic price of carbon seamless pipe will hike stably for September due to price up on upstream material of billet.
Until last week, the average price of carbon seamless pipe for 108 * 4.5mm about RMB5,235/ton in China, up by RMB218/ton from a month [...]

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