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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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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The rising ship breaking activities at the biggest ship breaking yard, Alang might cause a fall in the steel prices as hundreds of tonnes of scrap steel would add up to the steel supplies in India.
It now looks that recession has cast a long shadow over shipping business too which includes cruises. This can be [...]

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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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Current scrap recycling prices for various steel, iron and HMS grades based on spot market prices. Prices shown are LTL and TL
No.1 Steel (3 foot) – 409.50 ton USD No.1 Steel (2 foot) – 429.00 ton USD No.1 Steel (1 foot) – [...]

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There has been very little movement in strip mill product prices since July. However, demand over the holiday period has been slower than normal for the time of year because of the current poor economic climate. This has caused growing concern over the trend for the final quarter. Most companies have sufficient inventories for the [...]

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HISTORIC RISES IN EU STEEL PRICES DESPITE SLOWING DEMAND
EU steel prices are currently at record levels after meteoric advances through the first half of 2008. The MEPS hot rolled coil average transaction value has climbed by €310 per tonne since the low recorded in January of this year. This represents an increase of approximately 65 [...]

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ASIAN AVERAGE CARBON STEEL PRICES – LATEST FORECASTS FROM MEPS
In the flat products category, our July forecasts are little changed from the previous month. Transaction values are expected to continue climbing from September onwards. An increase in the price of oil products, electricity and railway freight costs in China are likely to put upward [...]

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Spot market prices for iron and steel scrap metals presented below. Prices are for full truck loads and are in USD per ton:
No.1 Steel (3 foot) – 514.50 ton USD
No.1 Steel (2 foot) – 539.00 ton USD
No.1 Steel (1 foot) – [...]

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The EU flat products’ market continues to be characterised by supply tightness and rising prices in a climate of relatively flat demand. The availability of competitively priced steel from third countries remains at a low level. Meanwhile, ArcelorMittal announced a further increase on strip mill products of around €50 per tonne for new bookings for [...]

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