It’s been a tough year for the scrap market. But 2019 might start with some positivity.
2018 was marked by double-digit percentage drops in the price of many of the scrap metals most regularly encountered on demolition sites. Against a backdrop of a US/China trade war and the widespread imposition of tariffs, aluminium was down 15 percent on the year while copper and steel saw prices slide by 19 percent. Worst hit was lead which saw a staggering 24 percent decline in its value during 2018.
But according to Matthew High at ScrapsAway.co.uk, 2019 might just bring some good news for those companies involved in the production and resale of scrap metals. Following a meeting in Argentina, the US and China have agreed toa temporary “cease fire” in their trade war which could see prices return to something approaching normality.
All of this and more is covered in the latest episode of the ScrapChat podcast. The show is currently uploading to iTunes and should be available later today. However, if you can’t wait that long, you can listen to it below: