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In the LME markets, Copper has had a weak 5 days dropping 2.5%, whilst Aluminium rose 3.4%. The AUD/USD exchange rate is currently at 76.04 up from last week’s level of 75.4. Newspaper reports refer to the weak oil prices, fragile global growth front and…


Scrap Metal Prices Read more »

Scrap Metal Prices

The words “scrap shortage” won’t be part of the scrap industry’s vocabulary in November. The shortage of export sales and the mild weather throughout the U.S. have created surpluses of shredded scrap and heavy melt. That will enable the mills and their brokers to name…


Scrap Metal Chart Read more »

Scrap Metal Chart


LME - U.S. scrap prices will drop by $20-$30 in November Read more »

LME – U.S. scrap prices will drop by $20-$30 in November

By Bryan Berry Ferrous-scrap prices in the United States will drop by $20-30 per gross ton from October to November, scrap executives are predicting. On the East Coast, executives are predicting that prices will drop by $25-30. Yesterday, 30 October, Upstate Shredding-Ben Weitsman & Son…


Wanted Read more »

Wanted

We are currently chasing Clean 250mm Steel Plate – between 6mm-20mm thick, We’re paying $250 per tonne. Any questions please speak to Brett – brett@tmr.net.au Thank you


LME - Copper Prices Retreat as Dollar Strengthens Read more »

LME – Copper Prices Retreat as Dollar Strengthens

NEW YORK–Copper futures fell Wednesday, yielding to pressure from a stronger U.S. dollar and as some investors remained reluctant to hold the industrial metal amid worries about slowing global growth. The most actively traded contract, for December delivery, was recently down 1.05 cents, or 0.4%, at…


LME - Aluminum May Outperform Copper Read more »

LME – Aluminum May Outperform Copper

Aluminium is expected to outperform copper as base metals move toward the peaks of 2014, where we look for signs of a top, Barclays says in a note. LME 3-month copper ended down 0.1% at $7,181/ton on Wednesday, while aluminium finished 0.2% higher at $1,769/ton.…


Tungsten Read more »

Tungsten

As of next year we are chasing Tungsten, if you have any please bring in to our yards


DJ Copper Traders Look on China's Bright Side Again Read more »

DJ Copper Traders Look on China’s Bright Side Again

Speculators quadrupled their net bet on higher copper prices in the week ended Tuesday, the CFTC says, evidently undeterred by worries about credit-market turmoil in the top consumer of the metal. China has given investors some upbeat data on broad-based growth and industrial activity the…


Aluminum Climbs for First Time in Three Days Read more »

Aluminum Climbs for First Time in Three Days

Aluminum advanced for the first time in three days, rebounding from a four-week low, after the U.S. Federal Reserve said a recovery in the world’s largest economy was intact. Aluminum for delivery in three months increased as much as 0.8 percent to $1,804 a metric…


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