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Stainless Steel Scrap Price: Trends and Influencing Factors in 2024

2024-09-15, Stainless steel prices

Stainless steel scrap price: Trends and influencing factors in 2024

Stainless steel scrap is an important category of secondary raw materials whose price and market trends can have a significant impact on both the industrial sector and individual sellers. In May 2024, the price of nickel on metal exchanges reached more than 21,550 USD/t. However, this wave of price increases was short-lived, and the price of nickel soon returned to its previous level. Since the price of stainless steel scrap is directly related to the price of nickel, the prices of this scrap have remained relatively stable.

Gold Price Reaches a New Record

2024-09-14, Scrap Gold prices

14 September 2024 has gone down in history as an important day in the gold market. On this day, the price of gold reached an all-time high of USD 2,580 per ounce. This event is undoubtedly pleasing for both gold investors and sellers, who can now look forward to greater financial gains.

Why has the Gold Price Risen?

There are several reasons for the rise in gold prices. Firstly, global economic turmoil and geopolitical strife often increase the demand for precious metals such as gold, which are considered a safe haven for investors. Secondly, global financial market volatility and fears of inflation can also contribute to the rise in gold prices.

Where to Sell Gold Most Expensive?

Aluminum Scrap Purchase Price in the First Half of 2024

2024-06-30, Scrap aluminum prices

The price of aluminum scrap increased significantly during the first half of 2024. Compared to the beginning of the year, the price of aluminum on metal exchanges rose by about 30% by the end of May. On January 24, 2024, the price of aluminum was around 1970 euros per ton, and by May 29, it had reached as high as 2560 euros per ton. However, during June, the price of aluminum on exchanges decreased by about 12%, down to 2320 euros per ton.

Since aluminum scrap purchase prices directly depend on the price of this metal on the metal exchanges, they also changed accordingly. According to the information from the website scraprice.com, depending on the type of aluminum scrap, the highest purchase prices were recorded in Poland (about 2260 euros per ton) and Turkey (about 2200 euros per ton).

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