Scrap car price update August 2016

August has seen a slight decrease in scrap prices and the index shows we are 52% down on the same period last year. Prices have been more stable this year and we still haven't seen any significant falls recently.

We hope that prices stay stable but the market is still uncertain about future movements. The iron ore prices did however reach a 3 month high before settling back late in the month.

No guarantees can be made that we won't experience several more price reductions over the balance of this year.
Scrap Price Index graph showing a year - August 2015 to Aug 2016

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