Scrap Steel Prices Fall by Most in Years as Market Awaits Outcome of U.S.-China Trade Talks The scrap metal market report for February 2019 shows the most significant decline in scrap steel prices in well over a year. In recent posts, we have alluded to the market showing declines due to world trade talks stalling,
Scrap Metal Market: January 2019 Trade Talks Impact on Steel
Trade talks the focus of 2019 as both steel and scrap values start the year down. The scrap metal market report from Advanced Remarketing Services is a snapshot of the recent happenings in the scrap metal industry. Our report is specifically focused on the price of scrap steel from crushed autobodies. Each monthly report is
Scrap Metal Market: December 2018 Steel Prices Going Forward
Steel prices were up going into the last month of the year but are feeling pressures from falling oil prices, lack of exports overseas and slowing auto and housing industries. The December scrap metal report is ultimately a welcomed sight after four consecutive months of declines. While scrap steel prices were up and down in
Scrap Metal Market: November 2018
Scrap metal market falls for fourth consecutive month. [avatar user="zlasky" size="thumbnail" align="left" /] The scrap metal market report for November continues to fall as ferrous scrap values fall to their lowest in 10 months. The price for crushed autobodies dropped an additional 4.5% this past month though compared to last year scrap metal prices are
Scrap Metal Market: October 2018
As the fall season carries on the scrap metal market continues its fall as well; scrap steel drops slightly, impacts of Hurricane Florence on southeast steel market and USMCA provisions effect on auto industry. [avatar user="zlasky" size="thumbnail" align="left" /] The scrap metal market has fallen for the third consecutive month as we move into the
Scrap Metal Market: September 2018
Scrap metal market falls in September as political uncertainty surrounding the steel industry rolls on. [avatar user="zlasky" size="thumbnail" align="left" /] The scrap metal market continues to fall as the summer of 2018 nears its end. It seems as though the price surge following the announcement of steel and aluminum tariffs is wearing off, though scrap
Scrap Metal Market: July 2018
Scrap steel prices rebound to 2018 high after brief decline. [avatar user="zlasky" size="thumbnail" align="left" /] After a brief drop in prices last month, the scrap metal market rebounded to reach its highest point in 2018. The May Advanced Remarketing Services scrap steel report showed that the price per ton of scrap steel had reached its
Scrap Metal Market: June 2018
Scrap metal market takes largest downturn for 2018 as scrap steel prices drop nationwide. [avatar user="zlasky" size="thumbnail" align="left" /] After reaching a multi year high the scrap metal market has come down slightly amidst a busy month for trade and tariff action in the United States. While our scrap metal market report in May reported
Wreckonomics™ Dispatches: Institute of Scrap Recycling Industries Convention 2018
The Institute of Scrap Recycling Industries Convention and Exposition is the years largest event in the recycling industry. Advanced Remarketing Services attended the Institute of Scrap Recycling Industries (ISRI) annual convention and expo last month in Las Vegas. It’s the largest annual gathering focused on recycling metals of varying types. While it is not widely known
Scrap Metal Market: March 2018
Scrap Metal Market Stays Level in March [avatar user="zlasky" size="thumbnail" align="left" /] The scrap metal market remains relatively even in March after the strong start to the year we saw in February. After the biggest increase in a one month period in a full year prices fell slightly. The national average for crushed autobodies dropped