HMS Scrap 80:20- Commodity

-->

HMS Scrap 1-2 Market Trend

The Scrap prices in US Origin in Taiwan dropped to USD 460/MT. Last week the container of HMS Scrap 80:20 was supplied for USD 460/MT. 

It is estimated that the drop in prices are due to depreciation of currencies against dollar.

The other reason may be because of decline in the Scrap imported from US and is expected that the US HMS Scrap 80:20 in containers may further drop in near future.

The Scrap supply is business has increased due to the huge network of dismantlers and collectors of scraps. These networks exist almost in every country of the world. The modern mini mills have made the business of HMS scrap more lucrative in the world. Most of the demand of ferrous metal scrap is generated by ultra mini mills in world.

SCRAP METAL IS A MAJOR EXPORT COMMODITY OF PROVIDENCE - NARA - 547619 (Photo credit: Wikipedia)

After 2004, the prices of scrap started climbing. The prices started dipping in 2008-2009 but never reached and historic down level. Today also the scrap prices are maintaining the level above US$ 400/MT. With low supplies and high demand, it’s expected that the prices will be again rising in the coming days.

Compacted scraps pile in one of the yards of Central European Waste Management, Austria Français : Tas de ferrailles dans l'une des installations de Central European Waste Management, L'Autriche (Photo credit: Wikipedia)

-->

 

 

 

 

 

 

 

 

 

 

 

Related articles

• HMS Scrap (metalscrap.wordpress.com)
• Ship Scrap (metalscrap.wordpress.com)
• Weak rupee hits Indian scrap metal imports (shippingnewsandviews.wordpress.com)
• Rampant copper theft, a lack of regulations, and a Seattle bill that might help (westseattleherald.com)
• scrap catalytic convertor buyers (patrickalley3.typepad.com)
• Scrap Metal Thieves Steal 10-Ton Bridge! (wealthwire.com)
• Price for Aluminum Can Per Pound in SC (twincitiesdesigncollective.com)
• SAPD: Local man attempts to sell stolen train tracks to scrap yard (kens5.com)
• Current Market Value of Brass June 2012 (twincitiesdesigncollective.com)
• Mpls Stainless Steel Scrap Rate (twincitiesdesigncollective.com)
• HMS Scrap (metalscrap.wordpress.com)
• Australian Mining Companies Dig In For The Long Haul (valuewalk.com)
• Rio Tinto sales fall raises fears over Chinese demand (telegraph.co.uk)
• Selling scrap metal an easy way to make a few bucks, legally or illegally (with video) (vancouversun.com)
• Scrap Copper: 5 Best Places To Find Scrap Copper (oleole.com)
• Copper strengthens on industrial demand (news.in.msn.com)
• China Armco Metals Announces Results from its Annual General Meeting (prnewswire.com)
• Scrap your car and make money (confused.com)
• IRGC not scared of USA's 'scrap metal' aircraft carriers: Iranian general (raptureimminent.wordpress.com)
• Base metals up on increased industrial demand (news.in.msn.com)
• Deptford Honda Yamaha's Owner Confronts Scrap Metal Thieves (njmotorcycleinsurance.org)
• Stolen 'Dolly the Llama' sculpture found in trash bin (fresnobee.com)
• Lower Mainland scrap metal sting shows selling a phone booth is easy (Part 1) (vancouversun.com)
• Recyclers struggle amid economic slowdown (eco-business.com)
• Steel use must fall, but opportunities exist: Wellmet (sbbnews.wordpress.com)
• Current Scrap Steel Prices Il 2012 (twincitiesdesigncollective.com)
• A MetalMiner IndX(sm) (MMI) Introduction and Analyzing the June Commodity Drop Off (Part 2) (spendmatters.com)
• China Scrap Steel Market Price on June 25th 2012 (melody6.typepad.com)
• Scrap-metal dealers say business is booming (philly.com)
• Shipping Bears Ascendant as Fleet Growth Swamps Cargoes: Freight - Bloomberg (bloomberg.com)
• China Scrap Steel Market Price on June 20th 2012 (melody6.typepad.com)
• India: Weak rupee hits Indian scrap metal imports (shippingtribune.com)
• Steel Stocks Tumble; Jefferies Recommends Defensive Names (blogs.barrons.com)
• Wuhan Iron and Steel abandons Brazil plant project (wantchinatimes.com)
• Shipowners Are Beaching Ships in Asia at a Blazing Pace (gcaptain.com)
• Losses felt throughout China's steel industry chain (wantchinatimes.com)
• India: Ministry likely to scrap import duty on iron ore (shippingtribune.com)
• Idle iron ore collects as China's economy slows (wantchinatimes.com)
• Will Iron Ore Stocks Sink Like a Stone? (minyanville.com)
• COLUMN-Iron ore defies commodity slowdown, for now: Clyde Russell (uk.reuters.com)
• Steel prices likely to rise by 5.7 pc in FY''13: CMIE (news.in.msn.com)
• Iron ore falls through $130 as Chinese steel price hits 2012 low (mining.com)