As the world constantly evolves, so does the price of scrap aluminium and steel. The prices of these metals fluctuate due to various factors that affect the global economy. This article will discuss the current scrap aluminium and steel prices per kilogram.
Contents
Scrap Aluminum Price
Aluminum is a highly sought-after metal due to its lightweight, strength, and corrosion resistance properties. It is used in various industries, such as construction, transportation, packaging, and electronics. The demand for scrap aluminium has risen in recent years, primarily due to the increasing popularity of electric vehicles (EVs).
The price of scrap aluminium varies based on several factors, such as supply and demand, the global economy, and the purity of the aluminium. However, the average scrap aluminium per kilogram is between $1.50 and $2.00.
However, the purity of aluminium significantly affects its price. For instance, clean aluminium scrap, such as aluminium cans, is cheaper than dirty or mixed aluminium scrap. Clean aluminium scrap can fetch a price of up to $2.50 per kilogram.
Another factor that affects the price of scrap aluminium is the location of the metal. For example, aluminium scrap in some regions may be more expensive due to the demand and transportation costs. Therefore, it is essential to understand the local market conditions when selling or buying scrap aluminium.
Steel Price per Kilogram
Steel is the most widely used metal globally due to its durability, strength, and versatility. It is used in the construction, automotive, energy, and packaging industries. However, the steel industry has been significantly affected by the COVID-19 pandemic, leading to a decline in demand.
Steel prices vary depending on the grade, quality, and location. The average steel price per kg is between $0.70 and $1.00. However, the price of steel is affected by several factors, such as supply and demand, raw material costs, and trade policies.
The grade of steel also affects its price. High-grade steel, such as stainless steel, is cheaper than low-grade steel. Additionally, the location of the steel also affects its price. For instance, steel scrap in North America may have a different price than in Europe or Asia.
One significant factor affecting steel’s price is the demand from the construction industry. The construction industry is a significant consumer of steel, and any changes in the construction industry can significantly affect the price of steel.
Conclusion
The prices of scrap aluminium and steel per kilogram fluctuate due to various factors. The demand and supply of metals, the global economy, and trade policies significantly affect the prices. The purity and location of the metals also play a role in determining their prices.
Understanding the local market conditions when selling or buying scrap aluminium or steel is essential. The prices of these metals can vary significantly depending on the region. Therefore, staying updated on the latest trends and developments in the global economy is crucial to make informed decisions when dealing with scrap aluminium and steel.
