Markets & Metals May 2020 Coronavirus Edition

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

Scrap Metal Market Mid-March 2020 Update: China & Steel Overproduction

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: December 2019

Scrap steel prices are still struggling Scrap steel prices are at an all-time low. As expected, the downward trend that began four years ago continues to hurt recycling rates, and recyclers struggling to make a profit. This price decline is in large part due to precious metals seeing a price increase while non-precious metals have

Scrap Metal Market: September 2019 Commodities Trade Market Update

The commodities trade market is struggling as steel and aluminum free fall continue but trade talks between U.S. and China resume. With the lack of a trade market with China, scrap metal prices continue to suffer.  Both the domestic and export market are very weak potentially due to an upcoming trade deal.  In recent days

Scrap Metal Market: August 2019 US-China Trade Deal Getting Rocky

The US-China trade deal continues to keep markets in a holding pattern as scrap metal markets slide further. With the US-China trade deal still holding the metals markets hostage the scrap metal market report sees its fourth consecutive month of declines.  Overall the scrap steel market hasn't been taking huge hits, more of sliding slowly

Scrap Metal Market: April 2019 Scrap Steel Prices Stabilize

After sharp declines in the U.S. scrap steel prices bounce back and stabilize while data comes out on steel and aluminum imports and palladium struggles to hold its record value. Scrap steel prices remain stable for the second straight month as we get closer to the warmer weather of spring.  Since falling over over 8

Scrap Metal Market: March 2019 Scrap Market Continues to Slide

While the scrap market slump lingers on it looks to stabilize with the possible completion of U.S.-China trade talks and the ongoing recovery of the Brazil mining disaster. The scrap market has stabilized going into March relative to the February market report. Last months blog of course showed the largest decline in the National Crushed

Scrap Metal Market: February 2019 Scrap Steel Prices Decline Sharply

Scrap Steel Prices Fall by Most in Years as Market Awaits Outcome of U.S.-China Trade Talks The scrap metal market report for February 2019 shows the most significant decline in scrap steel prices in well over a year. In recent posts, we have alluded to the market showing declines due to world trade talks stalling,

Scrap Metal Market: January 2019 Trade Talks Impact on Steel

Trade talks the focus of 2019 as both steel and scrap values start the year down. The scrap metal market report from Advanced Remarketing Services is a snapshot of the recent happenings in the scrap metal industry. Our report is specifically focused on the price of scrap steel from crushed autobodies. Each monthly report is