Scrap Metal Market: July 2016
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
2016 Metals Around The World: Consumer Vehicle Edition
WSJ: Anglo’s CEO Predicts Deepening Metals Slump
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
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.
Iron Ore Bludgeoned to Record Low in Asia on China Steel Concern
From: Iron Ore Bludgeoned to Record Low in Asia on China Steel Concern By: Jasmine Ng Iron ore contracts in Asia slumped to records amid speculation that mills in China are reining in steel production as they battle losses, slumping prices and tighter credit, hurting demand for the raw material that’s mainly shipped from Australia and
American Recycler: Auto Recyclers Facing Rough Roads
From: Auto Recyclers Facing Rough Roads By: Mike Breslin Back in January 2012 American Recycler published an article penned by Mark Henricks titled Rough Roads Ahead about the problem of auto recyclers acquiring cars. At that time, it was the number one issue facing recyclers. Five years later, we followed up with Michael E. Wilson, chief
Analyzing China’s Slowdown
While the world reacts to China’s economic slowdown, the tone among the country’s top government officials remains calm. That’s because the growth rate (previously 10%, predicted to drop to 6.3% in 2016) has been intentionally slowed since 2012. A report published that year by the International Monetary Fund suggested that while China’s capital-to-output ratio was