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Top 5 Events that can help Scrap Prices

Domestic and Global events that can help move scrap prices higher As we enter the second half of January 2019, Scrap prices remain soft and the prospect of a possible uptick in prices depends on several domestic and global factors. Here are the Top 5 things to look for that can stabilize the scrap market…

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How will the New Year begin for scrap prices?

January 2019 may not be the norm for scrap prices Happy New Year! With the scrap market limping into the end of 2018, it is now time to focus on what the New Year may bring for scrap prices. As the commodity market continues to show signs of weakness, the usual jump in scrap prices…

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Aluminum Prices face Pressure as US lifts some Russian Sanctions

Aluminum prices may fall with lifting of Russian Sanctions The United States Treasury announced on Wednesday that they would be lifting sanctions on the core empire of Russian businessman Oleg Deripaska, which includes aluminum giant Rusal.  Rusal, the world’s second largest aluminum producer has been dealing with sanctions imposed by the United States since April. …

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Tariffs still weigh on the Markets

Trade war and tariffs continue to cause uncertainty While the United States and China agreed to a 90-day negotiation period which has put a halt on any increased tariff activity, the uncertainty surrounding this ongoing trade war continues to weigh on the world markets. With the holidays in front of us and no real trade…

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Sikora Metals offers new Rewards Program to its Customers

New Reward Program just in time for the Holidays Beginning December 1 and just in time for the holidays, Sikora Metals (THE scrap metal yard in Detroit) started a new rewards program for our customers. It’s pretty simple. Bring in $50 or more in scrap and you will receive a Sikora Stamp on the Rewards…

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Aluminum scrap exports surge in October

Aluminum scrap exports hit 4-year high While the United States and China engage in a trade war that seems to have no immediate end in sight, the scrap metal market is in a wait and see mode for some kind of direction.  However, while the trade war continues, October produced some significant aluminum scrap export…

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Top reasons to separate your scrap before you head to a scrap yard

Separate your scrap before you get to the scrap yard Those that make a living scrapping know that getting the most out of their scrap is the only way to be successful in the scrap business.  That is why it is important to come to the scrap yard with the scrap separated into ferrous and…

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The top 5 most valuable scrap metals

Looking to make money from scrap metals?  Look for these top 5. The scrap metal business allows for an instant payday.  To get the most bang for your buck, those that choose to scrap for a living should look for these top 5 metals.   While ferrous metals like steel are in abundance and easy to find,…

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Is the price of aluminum ready to rebound?

Aluminum spot prices are at a crucial level With aluminum warehouse levels sitting at ten-year lows and aluminum spot prices negative for the year, the end of year positioning for aluminum pricing is taking hold. While world trade issues may not become clear for some time and remain an issue, an expected move in aluminum…

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Trump-XI meeting at the G20, all about nothing?

Highly anticipated meeting between the two leaders, will it matter? The much-anticipated meeting between President Trump and China leader Xi Jinping at the G20 this weekend in Argentina has been looked at for clarity regarding trade. The hopes of a significant trade agreement between the two global leaders is likely too optimistic but the fact…

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