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In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index , also report on the US scrap price, which has become increasingly important to global export markets.
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [1]
Radius Recycling, Inc., previously known as Schnitzer Steel Industries, Inc., is a steel manufacturing and scrap metal recycling company headquartered in Portland, Oregon. Founded in 1906, the publicly traded company is a component Russell 2000 Index with approximately 3,500 employees. In 2023, the company adopted its current name and a new ...
British police officers checking for stolen metal at a scrap metal merchant. Metal theft is "the theft of items for the value of their constituent metals". [1] It usually increases when worldwide prices for scrap metal rise, as has happened dramatically due to rapid industrialization in India and China.
HMS 1 is the term for heavier scrap which has a density of at least 0.7 tons per cubic meter, whereas HMS 2 would be lighter steel scrap Because both grades guarantee a minimum piece thickness – at least 1 ⁄ 4 inch (6.35 mm) for HMS 1, and 1 ⁄ 8 inch (3.175 mm) for HMS 2 – consignments have a high density.
Texas Precious Metals, based in Shiner, Texas, is one of the largest precious metals dealers in the United States. [3] [4] The company reported annual revenues of $180.1 million in 2013 [1] and $153.2 million in 2014. [2] The company is recognized as a market maker for United States Mint products and is an official distributor for the Perth ...
LSTA, a Texas-based company that also owns precious metals dealers U.S. Gold Bureau and WholesaleCoinsDirect.com, operates a highest-rated, Class 3 vault that serves as the depository’s initial location. Planning for a permanent home for the Texas Bullion Depository began in 2018, at a site in Leander, Texas that should be completed in 2019.
Removing steel plates from a ship using cranes [1] at Alang Ship Breaking Yard in India. Ship breaking (also known as ship recycling, ship demolition, ship scrapping, ship dismantling, or ship cracking) is a type of ship disposal involving the breaking up of ships either as a source of parts, which can be sold for re-use, or for the extraction of raw materials, chiefly scrap.
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