Saturday, October 22, 2022

Scrap Metal Recycling News and Spot Prices Update

Here is the latest scrap metal recycling news as well as updated spot market metal prices

Scrap Metal and Recycling News Summary

Editor's analysis: Are recyclables prices foreshadowing recession? - E-Scrap News
Maybe we should consult the recyclables price chart. Some individuals with decades of recycling market experience have been telling me that ...

Mill capacity cuts fail to deliver price aspirations

19.10.2022
In early September, European steelmakers were promoting significant price increases, to protect margins against soaring energy costs. This effort was supported by blast furnace shutdowns and other capacity cuts.

EU steelmakers plan to raise rolled steel prices in the first quarter of 2023 - GMK Center
Demand in the European market remains low due to reduced steel consumption and high inventories at distributors. The decline in coil prices in ...

From Iron Mike Recycling SPOT PRICES UPDATED  

10-15-2022 When demand is high, these percentages can increase 2-5%

Copper “SPOT” Price @ $3.49 LB.  
Aluminum “SPOT” Price @ $1.13 per lb. 
Nickel “SPOT” Price @ $9.79 per lb. 
Lead “SPOT” Price @ $ .93 cents per lb.

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