US Shredded Scrap prices slip to $264 a long ton; US Copper Scrap declines

Published: May 4, 2015 08:52

Save

United States shredded scrap prices slipped during last week, while copper scrap prices on Scrap Register Price Index traded down.

UNITED STATES April 30 2015 2:30 PM

NEW YORK (Scrap Register): United States shredded scrap prices slipped during last week, while copper scrap prices on Scrap Register Price Index traded down.

According to the Steel Index, United States shredded scrap prices slipped by $1 a long ton to $264 a long ton (delivered mill) in the week ended April 24.

Opinions on the likely direction of the market in May are mixed. Some state that yards who have been holding back material in the hope that prices recover will be forced to bring this material to market in May, thus increasing the amount of material available.

For Live US Scrap Aluminium Prices Log on to Scrap Register

Others have been reporting some yards are struggling to fulfil April orders, which would point to an overall lack of material which may lift prices in May.

As per Scrap Register Price Index, United States copper scrap commodities showed almost a flat trend during last week. The scrap prices of #1 Ins Wire (Cu 88-92%), #2 Ins Wire (Cu 58-62%), Al/Cu Radiator Ends, Alternator, Bare Bright (Cu >99%), Cu Transformer Large, Cu Transformer Small prices traded down during last week.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

United States shredded scrap prices US shredded scrap prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]

[SMM Aluminum Price Weekly Review: Weak Macro Conditions Fueled Risk-Off Sentiment, and Aluminum Prices Remained Primarily Under Pressure at High Levels in the Short Term]

2 hours ago

4 hours ago

Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]

4 hours ago

5 hours ago

China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together

Vientiane recently marked a major milestone in China-Laos green industrial cooperation—Krittaphong Group Co., Ltd. and CGN Energy Technology (Laos) Co., Ltd., together with the Ministry of Industry and Commerce of Laos and Oudomxay Province, officially signed a Memorandum of Understanding (MOU) for the Oudomxay AI Green Electricity Eco-Aluminum Industrial Park Project. Tang Danzhong, Deputy General Manager of Guangxi Investment Group, and Lin Rui, Chairman of Electricite du Laos Transmission Company Limited (EDL-T), attended the signing ceremony as witnesses, fully demonstrating all parties’ firm confidence in and full support for the project’s smooth implementation. The project will center on 500,000 mt of aluminum capacity, alongside the supporting development of a 2 million kW clean energy base, and is expected to join hands with Guangxi Investment Group, a core industrial investor, to build a complete eco-industrial base for the entire aluminum industry chain.

5 hours ago