World Scrap Metal Prices News Update

Scrap Metal Prices News Summary

Copper Prices Move Sideways in Tight Range - MetalMiner

MetalMiner

Copper prices remain resilient amid global central bank rate hikes, ... The October Copper Monthly Metals Index (MMI) fell 5.59% from September to October, with all components experiencing declines. Still, future copper prices face a wide range of challenges.

Ethiopia: Scrap Metal will be Sold Exclusively to Steel Manufacturers, Government

2Merkato

Spare parts of out of service vehicles will be sold for Birr 51.25 per kilogram while the price of vehicles and machineries to be disposed of as scrap metal is Birr 51.25 per kilogram

As per Yieh.com - Feng Hsin Steel Co., Ltd., one of the major electric furnace mills in Taiwan, announced the new prices of its main products for this week. According to the price announcement, the purchasing price of scrap and the price of section steel was kept flat, while the price of rebar was up by NT$200/ton, reaching NT$20,200/ton. The hike in rebar prices was due to higher costs of scrap.

Feng Hsin said that there were no offers from the US scrap shipment last week. During the same period, the price of Japan’s H2 scrap and the US containerized scrap rose by 1.33% and 1.37% compared to the preceding week, respectively. Australia’s iron ore price fell by 3.29% week on week.

In other news - 

World scrap prices returned to decline after a 3-week rise. For the week of October 10-17, 2022, scrap quotations in Turkiye decreased by $3/t – to $365-370/t

HMS 1/2 scrap prices on the Turkish market for the week of October 10-17, 2022, decreased by $3/t compared to the previous week – to $365-370/t. Thus, scrap quotations returned to decline after a 3-week growth. Kallanish price indicator reports about it. More info at