September 19 2013 – base metal prices rose as the Fed announced its taper decision . LME Prices as of yesterday were (in USD per Ton) Aluminium 1,742.00 Copper 7,090.50 Lead 2,053.00 Nickel 13,780.00 Steel billet 200.00 Tin 22,935.00 General scrap metal prices are as follows: Transformer $0.21 per lb Transformer Core $0.35 per lb Electric Motor $0.25 per lb Soft Lead $0.41 per lb Compressors $0.22 per lb Batteries (whole) $9.00 each Starters $.29 per lb Light Iron $8.25 per 100 lbs Heavy Iron $11.00 per 100 lbs Complete Cars w/ Cat $8.25 per 100 lbs Prices below are per pound in USD #1 Copper $2.60 #2 Copper $2.45 Light Copper $1.75 Brass $1.60 Dirty Brass $0.60 Faucets $0.55 Brass Car Rads $0.75 Al Clean $0.50 As reported by YIEH – Hyundai Steel recently purchased H1 scraps from the US suppliers Sims and Schnitzer with prices of US$365/ton C&F, for November 2013 deliveries. US scrap export prices to Korea in August were at US$380~US$385/ton C&F in August 2013. RECYCLING TIP: always check your scrap metal using a magnet so you can properly sort your ferrous and non ferrous metals. Good luck scrapping!
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LME Base Metal Prices Jump – Copper up 3% – Scrap Prices Follow Suit
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H1 Scrap Price $399.5 per long ton – Prices Remain Flat
October 26 2013 - Scrap metal news YIEH reports that the average price of H1 scrap in Pittsburgh, Chicago and Philadelphia were at US$334.17/long ton on October 21st, 2013, keeping unchanged from a week ago. H1 scraps average prices have remained flat for consecutive six weeks. The average prices of H1 scraps in Pittsburgh were at US$339.5/long ton, those in Chicago were at US$344.5/long ton and those in Philadelphia were at US$318.5/long ton, all remaining flat compared to the figures in a week ago. In the same period of time, the H1 scrap averaged at US$284.17/long ton in New York, Houston and Boston, keeping flat from the previous week. In other news: Korean steelmaker Dongkuk Steel purchased two batches of H2 scraps from Japan. The purchasing prices of the H2 scraps delivered to Incheon Port are at ￥37,000/ton C&F and those of H2 scraps delivered to Pohang Port are at ￥36,700/ton C&F, both rising by ￥1,000/ton from its previous purchasing prices. Meanwhile, Korea’s import prices of Japanese H2 scraps are at ￥34,000~￥34,500/ton recently. Ferrous scrap prices #1 Busheling $335.00 gt #1 Baling $250.00 gt Plate and Struct 2′x 5′ $292.00 gt Heavy Melt 2′x 5′ $251.00 gt Heavy Melt scrap […]
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The Metal News Update – Updated Scrap Battery and Ship Breaking Prices
November 10 2013 Scrap Metal For Sale This week we start off our scrap metal news update with a auction for metal scrap in New York State This lot consists of approximately 5 tons of scrap metal containing guide rail, signs and other metal debris – located Katonah, New York. 5 Tons of Scrap Metal For Sale In Ney York State Also up for sale is: 5237 Lbs Baled scrap #1 copper Insulated wire 80%+ Recovery power Cable Ferrous Price Update Iron Mike Enterprises reports that November 2013 Ferrous Scrap Prices are having an increase. INCREASE $30.00 per gross ton in Midwest! Visit website to see all currant scrap pricing. LME NEWS The London Metal Exchange has introduced a package of warehouse reforms following an extensive three-month consultation with the market. Designed to shrink existing queues and prevent the formation of new ones, the new measures come after a thorough review of the extensive feedback received from our July 2013 proposal. The reforms include the following measures: •Modified proposal to affect all warehouses with queues of more than 50 days •LME will act to prevent queue incentivisation •Full-scale external logistical review planned for LME warehousing network •Related changes: new transparency […]
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The Metal News Update – Avg H1 Scrap Price is $360.87 per long ton
November 16 2013 Here is your week update on the scrap metal industry and news from around the world about recycling and metal prices: Yieh reports: US Scrap Metal Report The average prices of the US’s H1 scrap in Pittsburgh, Chicago and Philadelphia were at US$360.87/long ton on November 11st, 2013, rising by US$20/long ton from a week ago. Among them, the average prices of H1 scraps in Pittsburgh were at US$364.5/long ton, increasing by US$25/long ton; those in Chicago were at US$379.5/long ton, rising by US$35/long ton and those in Philadelphia were at US$338.5/long ton, remaining flat, all compared to the prices in the previous week. In the given period of time, the H1 scrap averaged at US$304.17./long ton in New York, Houston and Boston, increasing by US$21.67/long ton from a week ago. Turkey Scrap Update According to the data released by the Turkish Statistical Institute (TUIK), Turkey’s scrap imports totaled 2,157,489 tons in September, soaring by 46.96% from a month ago and increasing by 20.36% from a month ago. Meanwhile, the country’s scrap import values totaled US$797.23 million in September, rising by 12.22% year on year and increasing by 52.12% from a month ago. In September, the US […]
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SCRAP UPDATE: India Tanker Recycling prices hit $425 LT LDT
November 25 2013 Ship Breaking Demo Recycling Prices This week we start off with ship breaking prices in various countries courtesy of GMS For week 47 of 2013, GMS demo rankings for the week are as below: Demo Ranking Country Market Sentiment GEN CARGO Prices TANKER Prices 1 Bangladesh Bullish USD 400/lt ldt USD 430/lt ldt 2 India Bullish USD 400/lt ldt USD 425/lt ldt 3 Pakistan Bullish USD 400/lt ldt USD 425/lt ldt 4 China Weak USD 330/lt ldt USD 340/lt ldt SCRAP METAL NEWS YIEH reports the following news: The average price of H2 scrap in Kanto region was at ￥37,183/ton, rising by ￥600/ton; that in Central region was at 33,120/ton, increasing by ￥1,000/ton and that in Kansai regions was at ￥37,625/ton, up by ￥687/ton, all compared to the prices in a week ago. USA scrap 80-20 HMS is most favorable for Turkish mills on its superior quality – high nickel, light cargo content-mixture and better yield even though the price is higher. It was heard at US$395/ton per CFR rate for un-shredded […]
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New Scrap Metal Shredder in Albany Integral in Plan for Eastern USA Expansion For Ben Weitsman
Move is next step towards establishment of new recycling network in the Northeast for Upstate Shredding-Ben Weitsman December 1, 2013 – A new, state-of-the-art metal shredder and full downstream has been purchased and will be up and running at the new Ben Weitsman scrap yard and port facility in Albany, NY, April 18th, 2014, company owner Adam Weitsman announced. The new project represents a total investment of $25 million and will be funded privately through the company, no government assistance will be requested. “We’ve spent years building our metals recycling network in New York and Pennsylvania into a highly efficient system,” Weitsman, Owner of Upstate Shredding-Ben Weitsman, said. “We have ambitious goals for our Albany yard, and this shredder is the next step in putting that plan of expansion into motion.” Since opening in August 2013, Ben Weitsman of Albany has quickly become the market leader in Albany within the first few months of operation. The company expects to spend several million dollars in the region over the next several years to create and develop a new recycling network of yards in the Capital region and surrounding states to feed the new shredder. “It took us years to build up […]
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Industrial Steel Batteries 36 cents per lb and Other Scrap Metal News
December 3 2013 – In this scrap metal news update we start off with reference scrap battery prices: BATTERIES Scrap Prices are s follows: Industrial/Steel = $0.36/lbs. UPS BIG Batteries = $0.35/lbs. UPS small Batteries = $0.35/lbs. Glass Jars = $0.34/lbs. AGM = $0.36/lbs. Absolyte = $0.20/lbs. Auto = $0.34/lbs. Li-Ion Laptop = $2.05/lbs. Li-Ion Cell Phone = $1.00/lbs. Li-Ion Modem = $2.05/lbs. Li-Ion = $0.95/lbs. Li-Polymer = $0.95/lbs. Ni-Mh Dry = $0.55/lbs. Ni-Cd Dry = $0.20/lbs. Silver Oxide = $32.00/lbs. Ni-Mh Wet = $0.35/lbs. ELECTRONICS scrap prices are as follows: Complete Laptop w/o Battery = $1.00/lbs. Complete Laptop w/ Battery = $9.50/ea. Incomplete Laptops = $0.50/lbs. CPU Complete = $0.40/lbs. CPU Incomplete = $0.34/lbs. UPS w/wo battery = $0.22/lbs. In other news: - H2 scrap prices rise in Japanese Osaka region Yieh reports that the H2 scrap base prices surged by ￥500/ton to ￥38,500~￥39,500/ton on November 27th, driven by the fact that Tokyo Steel hiked scrap purchasing prices at Okayama works by ￥1,000/ton on November 26th. In Osaka region, several electric furnace mills, including Kishiwada Steel Co., Godo Steel Ltd., Shinkansai Steel Corp. and Nippon Steel & Sumikin Shapes Corp. have all hiked scrap purchasing prices by ￥500/ton on November […]
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Current Scrap Metal Prices – Steel Recycling Prices to Rise $20 per ton Dec 2013
December 10 2013 We start of this post with current scrap metal prices for battery scrap: BATTERIES: Industrial/Steel = $0.36/lbs. UPS BIG Batteries = $0.35/lbs. UPS small Batteries = $0.35/lbs. Glass Jars = $0.34/lbs. AGM = $0.36/lbs. Absolyte = $0.20/lbs. Auto = $0.35/lbs. Li-Ion Laptop = $2.05/lbs. Li-Ion Cell Phone = $1.00/lbs. Li-Ion Modem = $2.05/lbs. Li-Ion = $0.95/lbs. Li-Polymer = $0.95/lbs. Ni-Mh Dry = $0.55/lbs. Ni-Cd Dry = $0.20/lbs. Silver Oxide = $32.00/lbs. Li-Ion Tool Pack Batteries = $0.45/lbs. Here are also the latest recycling prices on electronic scrap ELECTRONICS: Complete Laptop w/o Battery = $1.00/lbs. Complete Laptop w/ Battery = $9.50/ea. Incomplete Laptops = $0.50/lbs. CPU Complete = $0.40/lbs. CPU Incomplete = $0.34/lbs. Now to the latest scrap ship recycling prices as provided by GMS For week 49 of 2013, GMS demo rankings for the week are as below: Demo Ranking Country Market Sentiment GEN CARGO Prices TANKER Prices 1 Bangladesh Cautious USD 400/lt ldt USD 430/lt ldt 2 India Cautious USD 400/lt ldt USD 425/lt ldt 3 Pakistan Cautious USD 390/lt ldt USD 420/lt ldt 4 China Weak USD 330/lt ldt USD […]
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New Ship Recycling Rules and LME Anounces Formation of Clear Board
December 17 2013 New Ship Recycling Regulations Worldwide, around 1000 large end-of-life ships are broken up and recycled every year, as their steel, other scrap metal and equipment constitute valuable raw materials. Most of this ship dismantling takes place in South Asia, often on tidal beaches and under dangerous conditions. While the industry provides thousands of jobs for migrant workers, a lack of environmental protection and safety measures leads to high accident rates, health risks and extensive pollution of coastal areas. Older ships contain many hazardous materials, including asbestos, polychlorinated biphenyls (PCBs), tributyl tin and large quantities of oils and oil sludge. The EU Ship Recycling Regulation was published in the Official Journal of the EU on Tuesday 10 December 2013. It will enter into force on 30 December 2013; while its different articles will apply at different stages, all detailed in article 32 of the Regulation. The official text of the Regulation can be found here. The objective of the Regulation is to reduce the negative impacts linked to the recycling of EU-flagged ships, especially in South Asia, without creating unnecessary economic burdens. It brings into force an early implementation of the requirements of the 2009 Hong Kong Convention […]
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2014 New Year Scrap Pricing Update HMS at $270 a Ton
January 5 2014 This Week’s Scrap Prices In this week’s report, we start with recycling news from Taiwan. Taiwan’s scrap import prices continue to rise reports Yieh . Taiwan’s scrap import prices have continued rising recently and as of the third week of December 2013, the imports of the US HMS 80:20 (1&2) were at US$368~US$370/ton C&F, those of shredded scraps were at US$375/ton C&F. However, the imports of the US HMS 80:20 (1&2) and shredded scraps surged to US$375/ton C&F and US$380/ton C&F respectively last week. Yieh also reports that the average prices of Japanese H2 scrap in Kanto, Central and Kansai regions were at ￥36,979/ton in the fourth week of December, falling by ￥55/ton from a week ago. Among them, the average price of H2 scrap in Kanto region was at ￥36,917/ton, decreasing by ￥666/ton; that in Central region was at 34,520/ton, remaining flat and that in Kansai regions was at ￥39,500/ton, rising by ￥500/ton, all compared to the prices in a week ago. Ferrous Scrap Metal Prices As published by Iron Mike Enterprises #1 Busheling $345.00 gt #1 Baling $295.00 gt Plate and Struct 2′x 5′ $295.00 gt Heavy Melt 2′x 5′ $270.00 gt Heavy Melt scrap (unprep) […]
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Upstate Shredding-Ben Weitsman Acquires Recycling Yard in Hornell
Hornell Waste Material Co. becomes part of the largest privately held scrap metal processor on the East Coast January 15th, 2014 – Continuing an aggressive schedule of expansion throughout the Northeast, Upstate Shredding- Ben Weitsman has acquired the assets of Hornell Waste Material Co. of Hornell, N.Y. “We do not yet have a location in Steuben County so this acquisition is filling a great need to serve Hornell and the surrounding areas,” said Adam Weitsman, owner of Upstate Shredding and Ben Weitsman. “With our new export facility at the Port of Albany in full operation and 2nd and 3rd shredders going into Albany and New Castle, we are eager to find new markets for scrap metal.” Weitsman facilities are located throughout New York and Pennsylvania. New York locations can be visited in Owego (2 locations), Syracuse, Binghamton, Liberty, Jamestown, Albany, Rochester, Ithaca (2 locations) and Allegany. Pennsylvania yards are located in Scranton and New Castle. Hornell Waste Materials (now known as Ben Weitsman of Hornell), located at 6334 County Route 64 in Hornell, was founded in 1908 and is the oldest recycling business in the Hornell area. For many years, Hornell Waste Material Co. was owned by Myer Spitulnik. Spitulnik, […]
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USA H1 Steel Scrap Price $398.5 per long ton up $13 from last week
January 19, 2014 Recycling News It is reported that the US H1 scrap prices averaged at US$398.5/long ton on January 13rd, rising by US$13.33/long ton from a week ago by YIEH. The average prices of H1 scraps in Pittsburgh were at US$404.5/long ton, increasing by US$20/long ton; those in Chicago were at US$419.5/long ton, increasing by US$20/long ton and those in Philadelphia were at US$371.5/long ton, remaining unchanged, all in comparison of the prices in the previous week. In the given period of time, the H1 scrap averaged at US$319.17/long ton in New York, Houston and Boston, up by US$5/long ton from the previous week. Pricing Ferrous Scrap Metal #1 Busheling $350.00 gt #1 Baling $305.00 gt Plate and Struct 2′x 5′ $325.00 gt Heavy Melt 2′x 5′ $290.00 gt Heavy Melt scrap (unprep) $270.00 gt automobiles (must have title) $210.00 gt Sheet Iron $250.00 gt #1 Shredder Frag $355.00 gt Engine Block (clean) $320.00 gt Punchings $340.00 gt Turnings $200.00 gt Random length rail (W/docs) $335.00 gt Non-Ferrous Scrap Metal Bare Bright Copper $2.70 lb. #1 Copper $2.73 lb. #2 Copper $2.59 lb. Insul Hvy #1 copper Wire 85% Recovery $2.10 lb. EDM Wire $1.81 lb. Brass (yellow) $1.70 […]
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Steel Prices Have Slight Upturn in EU and Other Recycling News
January 22 2014 We start off this weeks post with an article from MEPS MODEST STEEL PRICE UPTURN IN EU CONTINUES IN JANUARY According to the latest report from MEPS International Ltd, there has been very little activity in the…
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Industrial Steel Battery Scrap At 39 Cents a Pound and Japan Scrap Prices Fall
January 26, 2014 We start off this weeks post on recycling news and pricing with some reference battery prices as well as electronic recycling prices. BATTERY SCRAP PRICES: Industrial/Steel = $0.39/lbs. Auto = $0.38/lbs. UPS BIG Batteries = $0.35/lbs. UPS…
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China Steel Plate Prices Likely To Rise After Spring Festival
February 2 2014 LATEST SCRAP METAL NEWS China’s steel plate offer price may rise to US$560/tonx CFR after Spring Festival reports YIEH The import steel plate price to Taiwan is likely to rise after the Spring Festival in Taiwan domestic…
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US H1 Scrap Prices at $398.50 USD per Long Ton and LME News
February 6, 2014 Scrap Metal News This weeks news on scrap metal prices and recycling news starts off with this report from Yieh US H1 scrap prices averaged at US$398.5/long ton on January 27th, remaining flat from a week ago. …
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Bare Bright Copper Around $2.70 to $2.80 per pound at Recycling Yards
February 10, 2014 We start off this scrap metal prices report with the latest reference scrap recycling prices SCRAP METAL PRICES Steel ranges from $0.8 – 0.12/lb. Light Iron $0.08/lb. Cast Iron $0.10/lb. Whole Cars $0.10 /lb. Bare Bright Copper…
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LMEwire launch hits trade-reporting deadline and Upstate Shredding Buys Another Recycling Yard
February 13, 2014 LMEwire launch hits trade-reporting deadline LME Clear has successfully launched its new trade-reporting service, LMEwire, in time to meet the 12 February reporting deadline set out by the European Market Infrastructure Regulation (EMIR). The service, offered in…
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Tokyo Steel Cuts Scrap Purchasing Prices and LME widens direct access to market data
February 17 2014 - Recycling News Japan’s Tokyo Steel announced to cut its scrap purchasing prices by ￥500/ton at its four woks on February 15th. After the adjustment, its H2 scrap purchasing prices averaged at ￥34,500~￥36,000/ton. Among them, the scrap…
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USA H1 Scrap Prices Remain Flat and Clean Brass at $1.91 per pound
February 21, 2014 Latest Scrap Recycling Prices and News YIEH reports that the US H1 scrap prices averaged at US$374.17/long ton on February 18th, keeping unchanged from a week ago. Among them, the average prices of H1 scraps in Pittsburgh were…
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