Scrap car price update February 2017

February has seen a 7% increase in this index for the month and a 24% increase from the same time last year. Although there is still cautious beliefs that a drop is imminent prices are showing otherwise. The Metals Index is still predicting a drop sometime early in the year and demand for Iron Ore is said to be lower from China, so a lower scrap price may still occur soon.

Graph showing the change in scrap prices in Australia from Feb 2016 to Feb 2017

About the CarTakeBack Scrap Car Price Index

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