Scrap Metal Prices News Summary March 3 2012

Copper weakens on reduced industrial demand

Economic Times – In the national capital, copper mixed scrap declined by Rs 2 to Rs 384 per kg. The following are metal rates per kg: Zinc ingot 120-126, nickel plate (4×4)

Capacity Expansion To Drive Down Iron Ore Prices -Moody’s

Fox Business – coupled with higher Chinese scrap steel supply will likely drive down iron ore prices, possibly below the current marginal cost of iron ore production,

Market for scrap metal entices criminals

Press Herald – Current law prohibits the sale of scrap metal obtained illegally and prevents junk metal dealers from paying cash for metal. Longstaff’s bill, LD 1708,