Welcome to RIM NEWS

RIM opens the doors of ultimate Scarp and metal news section ‘RIM News’ for International traders to share the updates in the industry. You can post any news related to the scrap and recycling industry here. Read the News and updates in scrap industry, rules and regulations, trade procedures, modern recycling techniques and current market trends from various reliable sources. Rate the news and share your opinions about the News post through comments.




Headlines of the Day
Scrap Market Prices – Not all Gloom and Doom
By Nadar Posted on : 12/16/2008 179

From Mountain to Mole hill in a couple of months the scrap prices have fallen to unimaginable figures.Due to the falling prices you see moles turn into mountains of scrap and Junk Yards. Traders agree for a price while they ship and before the shipme

Scrap Market Prices – Not all Gloom and Doom

From Mountain to Mole hill in a couple of months the scrap prices have fallen to unimaginable figures.Due to the
Read more
Scrap Metal Prices- Will there be a dawn in 2009?
By Nadar Posted on : 12/2/2008 454

All of a sudden the scrap Industry is in Chaos. It has indirect effects on the environment like PET bottles going to landfills due to lack of buyers. So what is the solution for the situation?

Read more
The Current Economy has made Scrap materials Dumped as Mountains on Roadsides
By BennyKlein Posted on : 11/17/2008 264
Rating (1 Votes)


I had never sceen the scrap metal dumped as mountains on roadsides

No one has ever expected that scrap metal will dumped on road side and will be left unattended. Yes it’s a great coma for scrap Read more
Scrap Collectors and Small Vendors lose business
By Nadar Posted on : 11/11/2008 294 1 comment(s)

The buying price of steel scrap is INR 6 per kg on the street, yet no buyers

Yesterday I happened to meet with a street scrap buyer who used to visit our households every 15 days Read more

China’s $586-B plan, Will it be a boon for the steel industry?
By Nadar Posted on : 11/10/2008 224
Rating (1 Votes)


China announces Half a Trillion (586 Billion US$) Economic stimulus package

dragon.jpgBEIJING —  The Chinese Govt. have  announced Read more

Is the Economic Slowdown Good for Metal Scrap Industry?
By Bollinger Posted on : 11/9/2008 297 1 comment(s)
Rating (1 Votes)


A survey report

dollarfall259.jpgWith almost everyone worried and almost every industry hit worse by the economic Read more
Ship Breaking Industry - In Coma
By Nadar Posted on : 11/6/2008 260 1 comment(s)
Rating (1 Votes)


From $750 to $200 for salvaged steel, will the ship breaking industry survive?

It had been the worst affected industry by the Global economic slowdown and declining demand for steel. Asian countries like India Bangladesh were Read more

Where is the scrap metal market headed to?
By Nadar Posted on : 11/5/2008 418 1 comment(s)
Rating (2 Votes)


Slowing Demand, Surplus stocks have moved the scrap metal rates southwards..

One would have never expected the current market price to fall to $ 280-330 range in the begining of 2008. Heavy demand for steel had skyrocketed the rates of scrap metal Read more