As previously discussed in the last Market & Metals post, we discussed the unknown impacts of the global pandemic and the difficulty forecasting into a wildly uncertain economic horizon. The roughly 20 drop that we observed at the beginning of the Pandemic in the U.S. has held relatively steady into May. Average scrap values fell
In the last Market & Metals post, it was reported that after two consecutive months of increase, scrap steel marginally dropped by 2.4 percent in price on a national level. This figure is largely insignificant now because at the time, the economic effects of the global pandemic that is the coronavirus had not yet fully
Scrap Metal Market Holds Steady Scrap metal prices for crushed autobodies held steady with 2.17% growth over the past month (see June 2016 Scrap Metal Market Watch), and have grown 31.62% over the past year. Across the Atlantic, the Brexit vote sent a shockwave through the base metal market, temporarily causing prices to plummet. However,
2016 Metals Around The World: Consumer Vehicle Edition
From: Anglo’s CEO Predicts Deepening Metals Slump (WSJ) By: Scott Patterson & Alex MacDonald Anglo American PLC Chief Executive Mark Cutifani doesn’t think so, saying Monday that 2016 is set to be even more difficult for mining companies and commodity markets than 2015. To put that in perspective, copper and iron-ore prices fell 25% and
From: Saudi Arabia Hurries to Reinvent Itself for an Era of Low Oil By: Ben Holland Saudi Arabia, one of the most tradition-bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It has done more in the past week than in most years.
