Scrap Metal Prices – Market Watch

Latest scrap metal prices news. Scrap metal prices – above is our market watch graph from January 2012 to April 2015. Over last month, scrap metal prices for crushed auto bodies increased 2.89%. Over last year, scrap metal prices for crushed auto bodies declined 46.99%. Over two years ago, scrap metal prices for crushed auto

Groundhog Day for China’s Scrap Metal Buyers

“Too many other buyers. I can tell other buyers were here yesterday,” Johnson Zeng told Bloomberg. “There wasn’t as much scrap as usual.” For Zeng and other Chinese scrap metal buyers who purchase millions of pounds of metal in the U.S., it’s a seller’s market; with increasing competition among buyers, scrap yards can afford to

U.S. Non-Ferrous Scrap Metal Price Outlook for 2012, 2013

by Taras Berezowsky on June 14, 2012 Most all steel market watchers, buyers, sellers and traders have seen and heard about the US ferrous scrap price free-falls over the past week or two — price falls of between $60 and $70 per long ton, depending on the particular scrap metal product, according to Platts. So

Wreckonomics: Q1 2021 Pandemic Edition

[avatar user="jhearn" size="thumbnail" align="left" /] updated May 3, 2021 As the world economy continues to adjust to the economic forces brought on by the Global Pandemic, vaccine availability is bringing a wave of optimism.  The first quarter of 2021 saw a surprising bounce back for the U.S. Economy and Americans are hopeful this momentum can

Turning a Negative into a Positive

As we all know by now, the scrap metal market has taken a pounding with a strengthening U.S. dollar and slower than expected economic growth internationally, and this is projected to be the case for throughout 2015. However, on the near horizon there is potential bottom-line relief for some firms as new technologies are being

The Emerging International Opportunity from Crushed Autobodies

The scrap metal market has taken a pounding with a strengthening U.S. dollar and slower than expected economic growth internationally, especially with regards to Crushed Auto Bodies. To highlight this, the average price of Crushed Autobodies across the U.S. averaged $178.73 per gross ton as we finished the first quarter of 2015. This is a

Environmental Impact of Auto Recycling

Facts About Auto Recycling [avatar user="zlasky" size="thumbnail" align="left" /] Did you know that according to statistics on auto recycling the car you drive is actually the most recycled item in the United States?  Every year over 12 million cars reach the end of their roads and enter the car recycling stream.  With Earth Day coming

Wreckonomics© 2020, Economic overview of low value vehicle market

The focus of our Wreckonomics© series, is to examine the sustained and specific appetite for older, high mileage, and negative equity vehicles.    As we close out 2019 and look to the new decade, we wanted to leave you with some current insights into the used car marketplace and specifically the performance and outlook for

Palladium Eclipses Gold As Most Valuable Precious Metal

In 2018 palladium was one of the top performing commodities surging past gold in value. Throughout the past year many of the metals found in automobiles like steel or aluminum have struggled in the market due in part to tariffs and a global economic slowdown but one that rose to the top is palladium. In

Recycling Electric Vehicles in 2018 and the Changing Value of Lithium

Where is the value in electric vehicles when they reach the end of their lifetime?   Electric vehicles (EV) own around .2% of the total cars driving on the road today. Although this is a small portion of the market share, it has grown exponentially from 5 years ago. Electric vehicles are also projected to own