Scrap metal prices for crushed autobodies saw a 2.45% decrease over the past month (see August 2016 Scrap Metal Market Watch) and have grown 47.82% over the past year. However, this still represents the 35% decrease since January of 2014.
According to The Impact Of Economic Turbulence In China On Metals And Mining Stocks
The past few days have seen a sharp decline in the U.S. stock markets with the S&P 500 down nearly 8% over the course of the last ten days at the close of trading on August 26. Fears of an economic slowdown in China, the devaluation of the Yuan, and the potential impact of these events on U.S. equities have weighed heavily on investor sentiment. The recent sell off in the stock markets has certainly negatively impacted metals and mining stocks.
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NOTE: All figures are believed to be reliable and represent approximate pricing based on information obtained prior to publication. Advanced Remarketing Services is not responsible for the accuracy or completeness of the information provided, or for the use or application of information herein.