US Steel Scrap Metal Prices Continue Decline and Other News

July 18, 2015

Ship Breaking Prices Update

Bulkers: The dry bulk market has kept its positive momentum and after months of anticipation the rising BDI has broken through the psychological barrier of 1000 this week (currently standing at 1048 points). Although we are in the middle of the summer, low ships’ prices combined with increasing chartering market are attracting a lot of buying interest. We experienced a quite active week in the second hand market with thirteen bulk carriers changing hands (4 kamsarmaxes, 1 panamax, 5 supramaxes, 3 handies), the vast majority sold to local summer shoppers.

Demolition: Subcontinent rates continue to soften for one more week. Larger bulkers (capes & panamaxes) are facing levels below $330 per lt, while smaller sizes (handies/handymaxes) are getting circa $310-$320 per lt. No tanker was torched for one more week due to their strong chartering market.

For an overview of the recycling market rates, please check our comprehensive demometer below:

LION’S DEMOMETER (USD $ / LT)
COUNTRY BULKER TANKER CONT/TWEEN TREND
TURKEY 220-225 230-235 220-225 stable
PAKISTAN 325-330 335-345 – soft
INDIA 320-330 330-345 330-345 soft
BANGLADESH 325-335 340-350 340-350 soft
CHINA 170-180 180-190 180-190 stable

Courtesy Lion Ship Brokers

Scrap Metal Prices News

YIEH reports that the US H1 scrap prices averaged at US$232.17/long ton on July 13th, dropping by US$11.66/long ton from the previous week.

The average prices of H1 scraps in Pittsburgh were at US$234.5/long ton, dropping by US$15/long ton; those in Chicago were at US$248.5/long ton, reducing by US$10/ton; and those in Philadelphia were at US$243.5/long ton, decreasing by US$10/long ton; all in comparison with the previous week.



In other news YIEH reports
According to the data issued by the Turkish Statistical Institute (TUIK), Turkey imported 1.7 million tons of scrap in May, soaring by 46.5% and dropping by 7.4% compared to April and the same month of 2014 respectively.

The imported amount of scrap totaled US$459.88 million, up by 52.3% and down by 33% from the previous month and the same time of 2014 respectively.

In the first six months, the Turkish imported quantity and amount of scrap totaled 7.01 million tons and US$2.06 billion, down by 12.2% and 32% on the yearly basis respectively.

USA Scrap Metal Prices

Copper scrap prices
#1 Bright & Shiny Copper $2.01
#1 Copper $1.91
#1 Insulated Copper wire $1.22
#2 Copper $1.81
#2 Insulated Copper wire $0.41

Other Scrap Prices
6061 Extruded Aluminum $0.52
Stainless (304) $0.36
Stainless (316) $0.59
Steel/Scrap Iron $0.025 – $0.04

No. Copper at 2.35 per pound and US Scrap Metal Prices Hold Steady

March 28, 2015

SCRAP PRICES UPDATE
Copper Prices per lb
Bare Bright $2.40
NO. 1 $2.35
NO. 2 $2.23
NO. 3 $2.10
INS. #1 $1.65
House Wire $1.25
INS. #2 $0.90
INS. #3 $0.65
INS #3 W/ENDS $ 0.50
Christmas Lights $ 0.22
Steel Prices per ton
2’ Plate & STR $200.00
5’ Plate & STR $170.00
AF Structural $200.00
Short Steel $160.00
Mixed Cast $155.00
Clean Motor $195.00
Unclean Motor $155.00
4 x 2 $160.00
Diesel Motor $70.00
Unprepared $95.00
Unprepared Structural $110.00
Courtesy Fair Salvage Company Ph: 989-386-7552 2731 E. Grass Lake Road, Clare, MI

RECYCING NEWS:

YIEH reports that the average prices of Japanese H2 scrap in Kanto, Central and Kansai regions were at ¥22,579/ton in the fourth week of March, dropping by ¥42/ton from a week ago.

Among them, the average price of H2 scrap in Kanto region was at ¥22,667/ton, holding steady; that in Central region was at ¥21,320/ton, holding steady and that in Kansai regions was at ¥23,750/ton, dropping by ¥175/ton; all compared to the figures in the previous week.

YIEH also reports that the US H1 scrap prices averaged at US$236.83/long ton on March 23th, holding steady from the previous week.

Among them, the average prices of H1 scraps in Pittsburgh were at US$234.5/long ton, keeping unchanged; those in Chicago were at US$244.5/long ton, holding steady; and those in Philadelphia were at US$231.5/long ton, keeping unchanged; all in comparison with the previous week.

More Scrap Metal Prices
prices are based on quantities 500 lbs +
Aluminum Borings $0.43
Aluminum Breakage High $0.17
Aluminum Breakage low $0.06
Aluminum Cast $0.48
Aluminum Extrusion #1 $0.60
Aluminum Extrusion #2 $0.56
Aluminum Radiator #1 $0.50
Aluminum Radiator #2 $0.26
Aluminum Sheet #1 $0.50
Aluminum sheet #2 $0.48
Aluminum wheels $0.66
Aluminum Wire $0.41
Cans / ubc $0.56
Brass #1 $1.44
Brass #2 $1.04
Brass Artillery Shell Cases $1.47
Brass/Nickle shell cases $1.80
Christmas Lights $0.20
Copper #1 $2.13
Copper #2 $1.98
Copper / Aluminum Radiator #2 $0.93
Copper / Brass Radiators #1 $1.41
Copper / Brass Radiators #2 $1.02
Golden Recycling | (303) 957-0808 | 15000 W 44th Ave, Unit E |Golden, CO 80403

 

Bare Bright Copper 2.35 per pound and LME News Update

March 22, 2015

Scrap Metal Prices
per pound
Bare Bright $2.35
NO. 1 $2.30
NO. 2 $2.20
NO. 3 $2.05
INS. #1 $1.60
House Wire $1.20
INS. #2 $0.80
INS. #3 $0.55
INS #3 W/ENDS $ 0.45
Christmas Lights $ 0.22
Auto (Clean) $1.40
Auto (Unlcean) $0.70
Co/Al (Clean) $1.00
Co/Al (Unclean) $0.50
Aluminum $0.47
Aluminum (Unclean) $0.24
Heater Cores $1.10

Courtesy :Fair Salvage Company Clare Location – 2731 E. Grass Lake Road, Clare, MI

HKEx, LME and Borsa İstanbul agree partnership

The London Metal Exchange (LME) and Borsa İstanbul A.S. are entering into two agreements under which (i) Borsa İstanbul will acquire the LME’s stake in clearing house LCH.Clearnet, and (ii) Borsa İstanbul, the LME and the LME’s parent company Hong Kong Exchanges and Clearing (HKEx) will partner on the dissemination of market data.



“As the world centre for industrial metals trading, the LME is committed to identifying new ways to expand internationally and to working with strategic partners to better serve our markets. We are delighted to announce this partnership with Borsa İstanbul, and the HKEx Group looks forward to working with them on future initiatives, not only in data and base metals, but also across other asset classes,” said Garry Jones, CEO of the LME and HKEx’s Co-head of Global Markets.

Under the terms of the agreements, the LME will license LME steel billet settlement data to Borsa İstanbul, and will work with the Turkish exchange to develop future products and services for the steel market. Borsa İstanbul will also have the right to disseminate real-time pricing data from the LME and HKEx.

Borsa İstanbul Acting Chief Executive Officer Hüseyin Zafer commented: “We are delighted to initiate the start of a very exciting partnership framework with HKEx Group and LME via the present accords. Over the last year, we have been working hard at both restructuring Borsa İstanbul’s operations, as well as constructing our global linkages, through agreements in America and Europe. We are now completing these linkages through the present agreement with the premier exchange of Asia, HKEx, and we aim to build a strong business together over the coming years to serve investors and issuers. Borsa İstanbul, already the financial hub in its region, is now also truly strongly connected to the major global financial centres.”

Following this transaction, the LME has disposed of its entire remaining stake in its former clearing provider, LCH.Clearnet.