All posts tagged: China

China's Steel Exports Fall

China’s Steel Exports Fall in November

The latest news out of the steel industry is that China’s steel exports drop for the 4th straight month.  In November, Chinese exports of steel dropped 16% compared to a year ago to 8.12 million tons.¹  According to Bloomberg, there is little chance that exports catch last years 12 month record.  If this plays out

Scrap Metal Market: December 2017, Advanced Remarketing Services

Scrap Metal Market: September 2016

Scrap metal prices for crushed autobodies saw a 2.45% decrease over the past month (see August 2016 Scrap Metal Market Watch) and have grown 47.82% over the past year. However, this still represents the 35% decrease since January of 2014.

WSJ: In Scrap-Metal Market, Buyers Have to Tell Darth From Vader

From: WSJ: In Scrap-Metal Market, Buyers Have to Tell Darth From Vader By: John W. Miller When Randy Goodman calls a customer in China, the 51-year-old scrap trader sometimes asks: Do you want Elmo, Shelmo or Zorba? The world’s $100 billion trade in junked cars, refrigerators and other metallic goods hinges on 100 or so short,

Saudi Arabia Hurries to Reinvent Itself for an Era of Low Oil

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.