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The Impacts on the Metals Market from The Russian and Ukraine War- 4/3/23

Date

The ongoing conflict between Russia and Ukraine has had a significant impact on the metal market as a whole, which has affected American scrap yards like ours in a lot of ways.

  • Decrease in metal supply: Firstly metal production and transportation have been impacted heavily. This has caused a decrease in the supply of metals, particularly steel and iron ore.
  • Increase in metal prices: With a decrease in the supply of these metals, the demand has remained constant, causing the prices of metals to increase. Steel and iron ore prices have particularly been impacted, with the price of steel rising by as much as 40%.
  • Uncertainty in the market: The ongoing conflict between Russia and Ukraine has also caused uncertainty in the metal market. This uncertainty has caused investors to hesitate and delay investment decisions, which has further impacted the market as well.
    Impact on global economy: The metal market has a significant impact on the global economy, and the rise in metal prices has caused a ripple effect across other industries, such as construction and automotive. This has led to an overall increase in the cost of goods and services.
  • Impact on international trade: The conflict between Russia and Ukraine has led to economic sanctions imposed by the United States and the European Union. These sanctions have impacted international trade, further adding to the uncertainty in the metal market.
  • Shift in supply chains. With the ongoing conflict, companies have been forced to re-evaluate their supply chains, causing a shift away from Ukraine and Russia as primary sources of metals. This has led to a change in the way the metal market operates and a shift in market dynamics.

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Acceptable Materials

Appliances including:
  • Stoves
  • Microwaves
  • Washers and Dryers
  • Dishwashers
  • FOR A $10 FEE—Air Conditioners

End of Life Items Including:
  • Machinery (all fluids,pans and cylinders removed)
  • Farm Equipment
  • Farm Machinery
  • Lawnmowers
  • Cast Iron Patio Furniture
  • Cast Iron Outdoor Railing
  • Sheet Metal
  • Steel Wheels
  • Steel

Nonferrous Scrap:
  • Aluminum
  • Aluminum Cans
  • Aluminum Pots and Pans
  • Aluminum Siding/Gutters/Downspouts
  • Aluminum Patio Furniture
  • Aluminum Wheels
  • Aluminum Wire
  • Auto Batteries
  • Brass Fixtures/Lamps Decorative items
  • Cable, Fence and Wire
  • Christmas Lights
  • Copper
  • Copper and Brass Plumbing Pipes
  • Copper and Brass Plumbing Valves and Connectors
  • Copper Tubing
  • Copper Wire
  • Electric Motors
  • Insulated Wire
  • Radiators
  • Screen Doors/Windows (glass removed)
  • Stainless Steel

Prohibited Materials

  • Acetylene Cylinders
  • Asbestos or Asbestos Containing Materials (ACM)- applies to both fibrous and solid materials
  • Any Scrap Containing Refrigerants (CFC or HCFC) (Freezers, Refrigerators)  Air Conditioners are accepted for a $10 fee
  • Cathode Ray Tubes (CRT/tube-style computer monitors or televisions)
  • Closed Compressed Gas Cylinders – high pressure cylinders with valve intact
  • Combustible or Flammable Materials – fuels, paints, degreasers, unpunctured aerosol cans
  • Corrosive Materials – highly acidic or caustic materials (battery acid, caustic soda, etc.)
  • Explosive Materials, Munitions, Shell Casings – includes suspect military scrap
  • Free Flowing Liquids (including water)
  • Hazardous Waste – toxic or poisonous materials or wastes
  • Infectious Materials – blood-soaked or biohazard items
  • Liquids or Scrap Containing Free Flowing Liquids – fuels, antifreeze, oils, hydraulic fluid, paints
  • Mercury Containing Materials – mercury-containing thermostats, switches or fluorescent light bulbs
  • Non-Metallic Items – concrete, wood, asphalt, dirt, debris, tires (more than 5 per auto)
  • PCB-Containing Materials
  • Whole tanks uncut
  • Radioactive Scrap – anything exhibiting radiation levels above background
  • Scrap with Small Capacitors that contain 50 ppm of PCBs