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Metal Miner and other publications are reporting on the talks between China and the United States. Copper is in great demand since The East has a handle on scrap metal imports and exports. The reason why China is very interested in copper is because of what copper means. Technology, phones and circuit boards use copper. And, you can imagine the demand. Copper price is up by 3%. That was the same forecast as in February, 2019. No real change for March and looks like April will be the same.
Raw Copper: No. 3 on the Metal Demand List
Zambia is the eighth largest copper producer in the world. USGS assessments estimated that the potential for undiscovered copper deposits in Zambia is larger than once thought. Photograph credit: USGS
As At March 29, 2019
.@USTradeRep and I concluded constructive trade talks in Beijing. I look forward to welcoming China’s Vice Premier Liu He to continue these important discussions in Washington next week. #USEmbassyChina published by the Metalminer.com
I couldn’t get recent stats on world-wide scrap metals (for Feb/March 2019). There is some speculation based on projected demand. Looks like business as usual. No great fluxes in the market. Looking at the countries that are manufacturing steel, you can guess where recycled steel manufacturers are busy unless they export the scrap metal to processing plants outside their country. Trade prices dictate where they will go.
Steel scrap* prices worldwide from 2013 to 2021 (in U.S. dollars per metric ton)
Strong Dollar Predictions, from Statista.com
Steel is one of the most common metal alloys we still have today. Steel is so widely used in our society. Car manufacturing is high on the list, followed by shipbuilding. Construction demands a lot of steel since we are continually building and not slowing down. Where there is steel, there is steel residue (prompt steel) and of course scrap metal builds up. Old structures and old ships do not last forever. The good news is that this used steel can be reused while maintaining its original strength. The same goes for copper roofing, old pipes and all kinds of finished products that have over stayed their welcome through rust, natural disasters and man-made disasters.
The world’s largest crude steel producers in 2017, by production volume (in million metric tons)
China is the best country to Invest in Steel Plants.
SCRAP METAL NEWS
Imports, exports and tariffs. The most important news today involves China. And will be the focus of scrap metal and all metal news for several years to come. One reason is that China has a great volume of ‘human’ resources that are willing to work at any job to stay alive. Our society can not compete with this aspect of China’s industry. China was always strong. We just didn’t write about it in the western world. Remember Marco Polo, who opened the trade trails between the East and West. Marco came from a family of merchants; traders. China is rich in resources and keeping their society viable and very much competitive. I will be reporting the results of these new talks and other changes That have a bearing on scrap metal pricing.
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A worker cuts up scrap steel at a waste recycling factory in Nanjing, Jiangsu province. As a substitute for imported ore, recycled scrap metals is a better solution. [YANG DUODUO / FOR CHINA DAILY]
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