Iron Ore Prices Decline and Nickel Scrap Prices Update

November 24 2014

Recycling News

Stainless Steel Prices – YIEH reports Taigang Stainless, the largest stainless producer in China announced to remain its domestic prices for stainless coils unchanged for November. Prices for 304 grade hot rolled coils with thickness of 3mm-12mm are at RMB1,900/ton; those for 304 grade cold rolled coils with thickness of 2mm are at RMB19,900/ton. 430 grade cold rolled coil with thickness of 2mm remain unchanged at RMB10,700/ton.

YIEH also reports The spot price of iron ore fines 62% to China has reduced again. Current price of iron ore is being offering at US$70.57/ton, dropping by US$0.11/ton or 0.16% from the previous price. The average price of iron ore was US$75.04/ton in the month.

Meanwhile, the China Iron Ore Price Index (CIOPI) decreased by 0.28 points or 0.11% week on week to 259.02 points as of November 21th, according to the latest statistics by the China Iron and Steel Association (CISA).

Surplus Materials For Sale

Al Yasmeen Metal Scrap Trading LLC has Left Over Main Holes and Cable Trays at their yard. Ex-stock price per ton of these materials.

1) Cable Trays (In original packing, Imported from Turkey, Docs available, weight available 107 Tons)
3mtr x 10cm cable tray length, 3288 Nos.
3mtr x 10cm cable tray cover length, 1759 Nos.
3mtr x 45cm tray length, 83 Nos.
3mtr x 45cm tray cover length, 216 Nos. (All with angle joints)
Price: 1,900 per M. Ton

2) Main Hole (in original packing, Left Over from Dubai Project, Docs available, weight available 52 Tons)
Drainage main hole cover (600×600) nos 174
ELV main hole cover. (600×600) nos 83
Telephone main hole (600×600) nos 19
RBA ductile main hole cover (600×600) nos 31
Price: 2,000/- per M.Ton

For more information contact
Asghar Khan
Al Yasmeen Metal Scrap Trading LLC
Ind. Area 10, Sharjah, U.A.E.
+971-50-8621283, +971-55-7739931


Ni Solids (clean) $4.75 lb
304 (18-8) $0.45 lb
316 (16-10) $0.50 lb
Carbide Insert $8.75 lb
Bare Bright Copper $2.55 lb.
#1 Copper $2.55 lb.
#2 Copper $2.35 lb.
Insul Hvy #1 copper Wire 85% Recovery $1.90 lb.
EDM Wire $1.60 lb.
Brass (yellow) $1.60 lb.
Alum-CU Rads(clean) $1.15 lb