Wednesday, November 21, 2012

Iowa Scrap Prices Show Prep No 1 Steel at 170 Per Ton

November 21 2012 Prepared #1 Steel at $170 per ton in prices from P&L Recycling.

Per Ton
Shred$145
Farm Equipment$145
Prepared #1 Steel (1/4’x3’x2’)$170
Prepared #2 Steel (1/8’x3’x18”)$160
#1 Cast Iron$170
#2 Cast Iron$145
Dirty Auto Motors$145
White Goods (must be totally torn apart – No whole appliances. Refrigerant, compressors, capacitors & thermocouples must be removed – no trash)$110
Unprepared Steel$135
Woven and Barb Wire$110
Combines/Oversized Equipment$105
Whole Car Bodies (must have valid title, junking certificate or authority to demolish paperwork BEFORE payment ! Fuel tanks and batteries must be removed. Cannot have excess glass or plastic and no garbage!)$160

In other news:

NEGATIVE EU STEEL PRICE SENTIMENT CONTINUES BUT UPTURN EXPECTED SOON

There is very little activity at present in an EU market that is oversupplied for today’s subdued level of demand. Economic weakness has caused consumption to shrink. Basis values have continued to soften over the last month as buyers stay away because they remain unconvinced that the bottom has been reached. This is despite claims by some steelmakers that increases of up to €40 per tonne must be applied to cover production costs.

Sales volumes are expected to improve at the start of 2013 because customers traditionally begin rebuilding stocks during this period. As a result, MEPS predicts an uptick in selling figures in the first quarter. Anticipated improvements in the supply/demand balance, together with rises in raw material costs, should also support higher prices.

Source: MEPS