Scrap Metal Prices

Scrap Metal Prices 139
0
500
1,000
1,500
2,000
2,500
1/95 5/95 9/95 1/96 5/96 9/96 1/97 5/97 9/97 1/98 5/98 9/98 1/99 5/99 9/99 1/00 5/00 9/00
Date
US$ per long ton
Primary metal
Ingot smelt, old cast
Ingot smelt, old sheet
Dealers
RAND
MR1377-D.
4
Figure D.4—U.S. Average Monthly U.S. Prices for Aluminum Scrap
average value for aluminum scrap based on the average October 2000 prices:
$725 in current U.S. dollars per long ton.
4
For copper we selected the heavy melt No. 2 copper scrap classification as the
best descriptor of the copper scrap available from ships.
5
This classification
covers all heavy copper scrap, including heavy wiring and buss bars as well as
copper tubing all free of excessive tinning.
Figure D.5 shows the average monthly price for this class of copper for the past
five years. As was the case for aluminum, the primary metal commands the
highest price and the other classes of scrap command less, how much less de-
pending on the smelter. The unusual property of the price trends here is that
the copper scrap prices at the dealer and at the mill are about the same, indicat-
ing a more direct connection between scrap price and the primary metal price
than was seen for the ferrous alloys. We adopted an average of the October
2000 prices: $1,047 in current U.S. dollars per long ton.
Copper alloys (brass and bronze) have many and diverse applications in ships—
everything from manganese-bronze propellers to Monel valve stems and cop-
______________
4
Ibid.
5
Ibid.
Page 5/7
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