A hybrid of economic forces continues to reduce already depressed prices of metals, including gold, steel, copper, and now aluminum. “China’s stock market crashes again as panicking sellers lose faith” reads today’s headline, underscoring the gravity of weak demand while giving speculators cause to lower oil futures below $50 per barrel.1 Mining production has increased
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies continues to increase. We’ve seen a increase of 6.23% over the past month, a decline of 45.58% over the past year, and a decline of 48.85% over the past two years. Chart | Scrap Metal Market Trends
Palladium prices dropped 15% this month, hitting a two-year low. Sources cite weak automotive demand in the U.S. and China – the automotive market accounts for 70% of annual consumption, used in catalytic converters. Mining has increased under the influence of a strong U.S. dollar, while demand has shrunk – this year’s demand is only
It’s amazing how properly recycling your vehicle at the end of its life-cycle, whether through car donation, or even deciding to junk a car can generate something so positive! Whether it’s assisting with getting some great nonprofits further funding, or efficiently recycling your vehicle, so that some brilliant individuals can utilize their visions to create something cool, and exciting!
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.
Updated through the second quarter of 2015 Scrap metal market watch graph from first quarter 2011 to second quarter 2015. Over last quarter, scrap metal prices for crushed auto bodies declined 22.57%. Over Q2 2014, scrap metal prices for crushed auto bodies declined 47.31%. Over Q2 2013, scrap metal prices for crushed auto bodies declined 54.42%. Over Q2
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies have finally ceased declining monthly. We’ve seen a increase of 2.67% over the past month, a decline of 43.90% over the past year, and a decline of 52.90% over the past two years. Chart | Scrap Metal Market Trends
The scrap metal industry at times gets a bad rap, whether it’s criminals trying to extract scrap metal out of an elementary school, or a church, or how about stealing an entire bridge?! The negative public perception that exists of the scrap metal industry unfortunately isn’t going away even as the price of scrap metal declines and
Yu Zhilin, a farmer from Hengyang, China has capitalized on the popularity of the Transformers movie franchise in China with the aid of his son, Yu Lingyun. This father/son team, using only their ingenuity(as well as some instructions found while traversing the internet), and scrap auto parts are making waves globally for creating statues of Transformers’ mainstays Optimus Prime and
Steel Supply Chain Decline “Have scrap steel prices finally found a floor?”1 The decline in steel prices is slowing as scrap markets look for signs of positive change. Late last month, the Commodity Trade Risk Management group published new prices for hot-rolled coil, which evened out at “$440/st, down from about $640/st last November”.2 CTRM