Scrap Metal Prices and Scrap Metal Auctions

Aluminum Scrap Metal Prices China September 2 2010

admin — Thu, 02 Sep 2010 23:56:20 +0000

Spurred by strong Chinese and American manufacturing data and weakness of dollars. London Metal Exchange(LME) aluminum futures closed steadily, and finally closed at 2,150 points, up by 55 points, or 2.68% on 1st. In terms of the stock, LME aluminum stock decreased 7，000 tons, the total decreased...

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American H1 Scrap Average Prices Keep Stable September 2 2010

admin — Thu, 02 Sep 2010 20:30:34 +0000

On August 30, the average price of H1 scrap in Pittsburgh, Chicago and Philadelphia kept stable at US$330.83/long ton. Similarly, the price of No.2 bundle scrap kept stable at US$272/long ton. It is reported that the H1 scrap prices in Pittsburgh, Chicago and Philadelphia were US$329.5/long ton,...

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Taiwan’s Rebar Price Drops Further September 2 2010

admin — Thu, 02 Sep 2010 19:30:40 +0000

Rebar price in northern Taiwan has decreased by NT$300/ton to NT$18,800/ton yesterday. Although earlier Feng Hsing Iron & Steel hiked its price by NT$300/ton to NT$19,000, the spot price in domestic market kept declining due to sluggish demand. The price is predicted to drop to NT$18,500/ton,...

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China’s Steel Profit Down in July 2010

admin — Thu, 02 Sep 2010 18:30:20 +0000

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...

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CSBC Asks China Steel Corp. to Lower Price September 2 2010

admin — Thu, 02 Sep 2010 17:30:51 +0000

Taiwan’s Evergreen Marine Corp. is planning to purchase 10 container vessels from China Shipbuilding Corporation (CSBC), which needs 300,000 tons of shipbuilding usage steel plates from China Steel Corp. (CSC). To secure the Evergreen Marines’ order, CSBC expected that CSC can offer the...

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Robust Demand to Drive Steel Price Up in Thai Market September 2 2010

admin — Thu, 02 Sep 2010 16:30:13 +0000

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...

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Taiwan’s Stainless Market Remains Depressed September 2 2010

admin — Thu, 02 Sep 2010 15:30:40 +0000

As nickel price stopped increasing, Taiwan’s Yieh United Steel Corp. (Yusco) announced to remain its domestic stainless price unchanged for September. Most market players thought that the demand in the fourth quarter will slow down though it is a typical hot season for stainless...

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AK Steel to Increase Surcharges For Electrical, Stainless Steel for October 2010

admin — Thu, 02 Sep 2010 14:38:35 +0000

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...

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Scrap Metal Prices Rising in Turkey

admin — Thu, 02 Sep 2010 13:22:18 +0000

According to rusmet.com – Turkish companies resumed purchases and thus gave the suppliers the opportunity to return the prices to the level of the first half of Aug. The US companies offer HMS № 1&2 (80:20) at $395-400 per ton CFR. The prices for European and Russian scrap keep at $395...

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