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News by c.g.nadar

Radioactive contamination in imported scrap metals

Alarming levels of radioactive contamination in imported scrap to India

More than 50% of the total 123 shipments of contaminated steel is from India. The 67 shipments from India were denied entry into European and US ports. The reason, contamination of Cobalt-60 in the Read more

Posted in : Metal Scrap, ,

Organized Crime and scrap yards

Organized crime by Junk Yard owners

The major obstacle in running a Junk Yard is theft materials. Every now and then the police raid junk yards for stolen goods and harass innocent owners. Like any material scrap cannot be identified Read more

Posted in : General Scrap, ,

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 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 DoomFrom 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 Read more

Scrap Metal Prices- Will there be a dawn in 2009?

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?

It’s a mountain of scrap at E.J. Knight Scrap Material Co andpiling up. Exports to China and supply to local foundries have stopped abruptly. There are practically notakers for the Scrap. The Read more

Posted in : Metal Scrap, Plastic Scrap, ,

Scrap Collectors and Small Vendors lose business

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 for collecting, bottles, can, paper, plastic and any other metal scrap. He usually comes in a Read more

Posted in : General Scrap, Metal Scrap, ,

China’s $586-B plan, Will it be a boon for the steel industry?

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

BEIJING —  The Chinese Govt. have  announced a $586- billion stimulus package on November -9  to protect the financial system and to minimize the impact of the Global credit crunch.A Read more

Posted in : Metal Scrap, ,

Ship Breaking Industry - In Coma

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 thriving with ship breaking and related business for Read more

Posted in : Metal Scrap, ,

Where is the scrap metal market headed to?

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 in 2007. It had almost Read more

Posted in : scrap metal prices,