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It is estimated that the drop in prices are due to depreciation of currencies against dollar.
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.
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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.
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| SCRAP METAL IS A MAJOR EXPORT COMMODITY OF PROVIDENCE - NARA - 547619 (Photo credit: Wikipedia) |
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