David Cooper of Cooper Metal Recycling in East Moors Road, Cardiff, said
scrap iron had been selling for pounds 250 a tonne, but exporters and steel mills were now only willing to pay pounds 25 a tonne.
The price of steel bars has fallen to just a quarter of peak levels, copper is worth half as much and
scrap iron prices arenowat just 10% of their peak levels, according to Mr Cooper.
In May 1946 the Greek-born wife of the Head of Chancery, Mrs John Russell, was wandering in the ruins of the old city when she came to a yard selling
scrap iron and junk.
The shredder tears mixed, unprepared
scrap iron such as automobiles, appliances and foundry scrap into fist-size pieces.
Handling large volumes of metal that, for the most part, have already been exposed to the elements has allowed the baling of
scrap iron and steel to evolve into a high-tonnage outdoor exercise using large machines.
(Tokyo) says that the costs for both
scrap iron and fuel coke doubled between 2002 and 2005.
"The recycled concrete is being used as aggregate for construction purposes at the airport; the
scrap iron was sent to a yard to be recycled, while additional debris was sorted for recycling purposes."
Prices of scrap metal, particularly copper and
scrap iron, have gone through the roof, driven largely by demand from China.
The Wei Hang 9 loaded
scrap iron at Shiogama port in Miyagi Prefecture and was bound for Dalian port in China, the coast guard said.
Last summer, Stoffel finally seemed to hit pure reconstruction gold, or, more specifically, scrap iron--military
scrap iron. Stoffel and his colleagues saw opportunity in the relics of Saddam's army, the thousands of tanks and armored vehicles stowed away in desert depots and that now belonged to the reconstituted Iraqi Ministry of Defense.
Scrap iron and steel, the key ingredient for steel from mini-mills, was up 91% between October 2003 and October 2004.