From: Platinum Slammed by Supplies, Dollar (WSJ) By Tatyana Shumsky A strong dollar is pressing down on platinum. The precious metal, whose uses range from car-exhaust filters to jewelry, tumbled to a six-year low on Monday, weighed down by a surge in supplies that stems in part from the South African currency’s sharp depreciation against the U.S.
From: U.S. Is Awash in Glut of Scrap Materials (WSJ) By James R. Hagerty American companies have complained for the past year that the headwinds of a strong dollar and a slowing Chinese economy are hurting their earnings. For sellers of scrap metal, used cardboard boxes, and other waste, those headwinds are more like a hurricane.
Updated through the second quarter of 2015 Scrap metal market watch graph from first quarter 2011 to second quarter 2015. Over last quarter, scrap metal prices for crushed auto bodies declined 22.57%. Over Q2 2014, scrap metal prices for crushed auto bodies declined 47.31%. Over Q2 2013, scrap metal prices for crushed auto bodies declined 54.42%. Over Q2
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies have finally ceased declining monthly. We’ve seen a increase of 2.67% over the past month, a decline of 43.90% over the past year, and a decline of 52.90% over the past two years. Chart | Scrap Metal Market Trends
The scrap metal industry at times gets a bad rap, whether it’s criminals trying to extract scrap metal out of an elementary school, or a church, or how about stealing an entire bridge?! The negative public perception that exists of the scrap metal industry unfortunately isn’t going away even as the price of scrap metal declines and
Yu Zhilin, a farmer from Hengyang, China has capitalized on the popularity of the Transformers movie franchise in China with the aid of his son, Yu Lingyun. This father/son team, using only their ingenuity(as well as some instructions found while traversing the internet), and scrap auto parts are making waves globally for creating statues of Transformers’ mainstays Optimus Prime and
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
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies continue to drop. We’ve seen a decline of 5.61% over the past month, 50.70% over the past year, and 57.05% over the past two years. Despite some leveling out in the steel market, this trend is expected to continue, as economic improvement measures are
Steel Supply Chain Decline “Have scrap steel prices finally found a floor?”1 The decline in steel prices is slowing as scrap markets look for signs of positive change. Late last month, the Commodity Trade Risk Management group published new prices for hot-rolled coil, which evened out at “$440/st, down from about $640/st last November”.2 CTRM
Throughout early 2015 there has been an explosion of steel imports into the U.S. This has been a trend that was driven in the aftermath of the recession by Asian producers such as China, Japan, and South Korea. In order to put this trend into perspective, according to the American Iron and Steel Institute: the