Scrap Metal News

Copper Scrap Metal Recycling Prices USA July 16 08

No.1 Heavy Scrap Copper 3.25 3.40 lbs USD
No.2 Scrap Copper 2.87 3.02 lbs USD
Soldered Copper Pipe Scrap 2.50 2.65 lbs USD
Beryllium Copper Scrap 2.31 2.46 lbs USD
Light Scrap Copper 2.50 2.65 lbs USD
Copper Turnings 2.50 2.65 lbs USD
No.1 Bare Bright Copper Wire 3.33 3.48 lbs USD
No.1 Copper Wire Scrap 3.18 3.33 lbs USD
No.2 Copper Wire Scrap 2.87 3.02 lbs USD
No.1 Copper Wire Nodules 3.44 3.59 lbs USD
No.2 Copper Wire Nodules 2.87 3.02 lbs USD
No.1 Insulated Copper Wire 1.64 1.89 lbs USD
No.2 Insulated Copper Wire 0.98 1.13 lbs USD
No.3 Insulated Copper Wire 0.66 0.76 lbs USD

prices above are spot market prices and based on LTL and TL prices

Japan Scrap Metal Production and Prices Decline

Japan’s scrap increasing rate to slow down
The pace of new production scrap price rises in Japan seems to slow down.

Hyundai Steel has decreased its purchasing prices by ¥500-1,000/ton for Japanese scrap, at FOB ¥78,000-78,500/ton. The price was as high of ¥78,500-79,000/ton before.

Hyundai Steel has bought some 400,000 tons of scrap from America and Russia; therefore, the company is not in a hurry t to import scrap from Japan.

Source YIEH

Scrap Metal Recycling Prices Canada

spot market scrap prices (ltl, tl) below:
Old Mixed Aluminium 0.38 0.51 lbs CND
Old Yellow Brass 1.14 1.90 lbs CND
No.2 Scrap Copper 2.88 3.03 lbs CND
Mixed Lead 0.41 0.68 lbs CND
Nickel Scrap 6.52 8.69 lbs CND
No.2 Steel 331.07 413.83 ton CND
Stainless Scrap 0.74 0.99 lbs CND
Old Mixed Zinc Scrap 0.29 0.59 lbs CND
Grade LTL TL Units Funds
Car Bodies 68.97 114.95 ton CND
Unclean Motor Block 183.93 229.91 ton CND
Aluminum Wheels 0.83 1.03 lbs CND
Auto Transmissions 0.16 0.32 lbs CND
Clean Auto Radiators 0.80 1.33 lbs CND
Battery Scrap 0.11 0.18 lbs CND
Lead Wheel Weights 0.27 0.45 lbs CND
Catalytic Converters 36.01 60.06 each CND

Scrap Metal Recycling Prices Continue to Surge in USA

Scrap price to keep surging in America
The price of global scrap market keeps hectic. For American market, the price of No.1 heavy scrap was about US$523.3/long ton on July 11, up by US$16.7/long ton from two weeks ago. Conversely, the scrap price in Europe faced the descending trend last week due to low demand.

According to the distribution of area in America, the highest price of No.1 heavy scrap was US$/530/long ton in Pittsburgh on July 11, increasing by US$30/long ton from last two weeks. On the other hand, the highest price of shredded scrap was about US$605/long ton in Chicago, surging by US$65/long ton from two weeks ago.

In terms of European market, the scrap price could be slumped by €20/ton on average on July. Especially in UK market, so far the scrap price has fallen by €56/ton

The main reason of price decreasing on scrap is owing to low demand from steel mills in Europe. Besides summer vacation, the demand for scrap from Turkish steel mills also represents down trend, reducing the scrap export from Europe.

News Date 7/15/2008 9:31:21 AM reported by Vince Chuang of yieh

Commodity Review: Base Metals Rebound

Base Metals

The base metals pack witnessed phenomenal performance in the week gone by. Metals with weak fundamentals gained on the back of a major bout of technical buying and short-covering. We have noticed in the past few days that the six base metals have seen divided performance as three metals i.e., copper, aluminum and tin have strong fundamentals while zinc, lead and nickel have poor fundamentals.

However, last week’s gain in the complete base metals complex including zinc, lead and nickel indicated strong technical support. Fundamental factors like supply constraints and expected cut in production also added spice to the rally. However, the base metals closed off session highs on Friday on the back of profit-booking before the weekend. Copper’s upside is capped due to concerns over slowing demand in China. However, expected strikes in Peru is providing cushion to the downside in copper. The coming week could see heavy volatility as this technically led rally could be followed by heavy profit-booking as metals like zinc, lead and nickel do not have any strong fundamental backing.
Exerpted from Commodityonline (Compiled with inputs from Angel Commodities, Mumbai)