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The scrap metal price is lower at the beginning of 2023
2023-03-21, Scrap metal prices
At the beginning of 2023, the price of steel scrap was constantly increasing and on February 23, it reached $480 per ton on the London Metal Exchange. Compared to the same period in 2022, the price of scrap metal was on average about 20-30% lower. In March, the price of scrap metal continued to decrease and on March 20 it was $438 per ton. According to the information of the website scraprice.com, it can be concluded that the highest scrap metal prices are in Turkey. That scrap metal is the most expensive in Turkey should not surprise anyone, because it has been like this for a long time. Next, we could mention several European countries, where the prices of scrap metal are also often high: - these are Poland, Lithuania, Bulgaria. Scrap metal prices vary depending on many factors.
Read moreThe price of aluminum is rising. Will it reach $4,000 per ton?
2023-01-26, Scrap aluminum prices
With the start of 2023, the price of aluminum started to rise from January 6 of this year. During the period of the previous year, the price of aluminum was the highest at the beginning of March and reached as much as $3,840 per ton. However, the price of aluminum continued to decrease until the end of the year. At the end of September last year, the price of aluminum had fallen to its lowest point, and at that time it was $2100 per ton or even less. It is easy to calculate that the price of aluminum has fallen by more than 45% from the highest point to the lowest point during the last year. Observing this situation of the price of aluminum in the metal exchanges, it is not surprising that the price of aluminum scrap has been constantly decreasing in the past year. The price of aluminum is very important for both industry and consumers. Aluminum is a very versatile material used in the production of many products, such as automobiles, construction and electronics industries, energy industries. As a result, the price of aluminum is highly sensitive to economic and political changes.
Read moreThe price of scrap batteries should rise
2023-01-20, Scrap Battery prices
The price of scrap batteries depends mainly on the price of lead on metal exchanges. At the beginning of 2023, the price of lead continued to increase. The increase in the price of lead started at the end of October 2022. At that time, the price of lead was about $0.84/kg, and already on January 16, 2023, it reached $1.01 per 1 kilogram. With the increase in the price of lead, it can be expected that the price of scrap lead batteries can also increase by about 20%. In 2022, in March-April, the price of lead on metal exchanges was increased to $1,120 per ton, but after that it continued to decrease. Scrap battery prices have been rising in recent months due to a number of factors. One of the main factors is the increasing demand for scrap batteries as a source of recycled lead. In addition, the prices of new batteries are also increasing, which has made scrap batteries more attractive to many buyers. Despite the price increase, many scrap battery dealers and recyclers are still willing to pay a high price for scrap batteries.
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