Scrap Tungsten Prices Have Hit A Peak

Mike Evans of AR Recycling explained that scrap tungsten prices per pound have hit a peak and business has fallen.
Those in the industry are hoping that the numbers will be stronger later this year, he says, specifically from September to December.

Others in the industry have also confirmed this claim of a slowdown. Frank Stanbach of Carbide Cutting Tools9 said that about a month ago the large scrap buyers just stopped buying.

To put things into perspective, he explained, that one company that he has done business with has millions of pounds of scrap on hand and it’s not moving because there are no buyers.

Stirling agreed that part of the problem right now is that buyers do not want to pay the current scrap  tungsten prices.
 

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