From: Scrap-metal sector is latest victim of commodities bust By: John W. Miller PITTSBURGH—Cars are piling up at junkyards across the U.S., as the commodities bust that has already bruised mining and metals companies from Ohio to Australia ripples through another sector: scrap. As prices for steel, iron ore and other commodities have dropped because of a demand

From: Anglo’s CEO Predicts Deepening Metals Slump (WSJ) By: Scott Patterson & Alex MacDonald Anglo American PLC Chief Executive Mark Cutifani doesn’t think so, saying Monday that 2016 is set to be even more difficult for mining companies and commodity markets than 2015. To put that in perspective, copper and iron-ore prices fell 25% and

The Institute of Scrap Recycling Industries recently completed an exhaustive economic impact report. The report shows that overall, when measuring the direct impact, and indirect impact of the scrap recycling industry: the industry generates over $105 billion annually in the U.S. and helps support more than 471,000 jobs nationwide currently. Among this, the export of

From: U.S. Is Awash in Glut of Scrap Materials (WSJ) By James R. Hagerty American companies have complained for the past year that the headwinds of a strong dollar and a slowing Chinese economy are hurting their earnings. For sellers of scrap metal, used cardboard boxes, and other waste, those headwinds are more like a hurricane.

Latest scrap metal prices news. Scrap metal prices – above is our market watch graph from January 2012 to April 2015. Over last month, scrap metal prices for crushed auto bodies increased 2.89%. Over last year, scrap metal prices for crushed auto bodies declined 46.99%. Over two years ago, scrap metal prices for crushed auto

“Too many other buyers. I can tell other buyers were here yesterday,” Johnson Zeng told Bloomberg. “There wasn’t as much scrap as usual.” For Zeng and other Chinese scrap metal buyers who purchase millions of pounds of metal in the U.S., it’s a seller’s market; with increasing competition among buyers, scrap yards can afford to

by Taras Berezowsky on June 14, 2012 Most all steel market watchers, buyers, sellers and traders have seen and heard about the US ferrous scrap price free-falls over the past week or two — price falls of between $60 and $70 per long ton, depending on the particular scrap metal product, according to Platts. So

[avatar user="jhearn" size="thumbnail" align="left" /] updated May 3, 2021 As the world economy continues to adjust to the economic forces brought on by the Global Pandemic, vaccine availability is bringing a wave of optimism.  The first quarter of 2021 saw a surprising bounce back for the U.S. Economy and Americans are hopeful this momentum can

As we all know by now, the scrap metal market has taken a pounding with a strengthening U.S. dollar and slower than expected economic growth internationally, and this is projected to be the case for throughout 2015. However, on the near horizon there is potential bottom-line relief for some firms as new technologies are being

The scrap metal market has taken a pounding with a strengthening U.S. dollar and slower than expected economic growth internationally, especially with regards to Crushed Auto Bodies. To highlight this, the average price of Crushed Autobodies across the U.S. averaged $178.73 per gross ton as we finished the first quarter of 2015. This is a