Car Salvage

A revision of the pricing system has led to uncertainties in iron-ore market with producers and consumers trying to find a better replacement model.

Cliff Natural Resources is presently amid talks with consumers in order to finalise how they would like to pay for the important raw material, reported Bloomberg.

In recent times, BHP Billiton Ltd has moved for a shift from annual fixed prices to contract-based costing. This would allow the company to benefit from rising prices of coal and iron-ore sooner rather than later.

Car salvage breakers have to keep an eye out to see how these cost fluctuations affect the price of steel in the near future.

As of 10:00 (BST) on July 29th the asking price for steel was registered at $458 per MT, reflecting a slip from the prices quoted earlier this week.

In the meantime, aluminium recorded an asking price of $2,059.00 per MT, while Tin was available for $19,410.00 per MT.

Earlier this week, tin peaked to its highest level since the sale prices of September 2008.