ScrapChat

Although it is not universal and might yet prove to be temporary, there is some good news coming out of the global metal markets this month.

For anyone involved in the scrap metal business, 2018 will be a year to forget. But with the temporary cessation of tariff hostilities between the US and China still holding and with rumours that the suspension of tariff increases might be extended, 2019 has started with some cautious optimism. We caught up with Matthew High of ScrapsAway.co.uk to check the latest prices and to find out what is going on behind the scenes.

In the final episode of 2018,ScrapChat looks back at a year of too few highs and far too many lows, and looks ahead to a New Year that might just start with a degree of promise and optimism.

Research conducted by ScrapsAway.co.uk has highlighted a more than £400 per tonne disparity between the highest and lowest prices offered on certain scrap metals. This episode looks at that research and looks ahead to the likely impact of Brexit.

Slight rises in the prices of some non-ferrous metals give the industry some cause for cheer, although ongoing uncertainties over Chinese and US tariffs look set to reduce prices still further before the end of the year. And can private individuals make money from scrap.

Further falls in scrap prices; scrap pirates target sunken Royal Navy ships; and ScrapsAway focuses on trust within the industry. All this and more in the second episode of ScrapChat, exclusive to Demolition News Radio.

In this launch episode, we look at how a growing trade war between China and the US is impacting on global scrap prices; how some recent rationalisation within the UK scrap sector has fallen foul of the Competition and Markets Authority. But we start by addressing the large metal elephant in the room – The ongoing fall in scrap prices.