06/07/13
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06/07/13


Thousands of quality cars could be forced off the road due to the disproportionally high cost of Vehicle Excise Duty, according to vehicle valuation experts CAP.The company recently unveiled the findings of a study that revealed that the cost of taxing some cars that are just seven years old now adds up to a third of their total value.CAP believes the problem stems from 2006, when changes to Vehicle Excise Duty bands were introduced to penalise higher CO2 vehicles. Essentially, this means that cars registered since March 2006, with CO2 emissions between 226 and 225g/km now cost £475 to tax.CAP believes there is a danger that these types of vehicles could quickly become worthless, even though they emit relatively little pollution, because older and less economical cars are generally driven less.To resolve this issue, CAP suggests that lowering VED rates for the top two CO2 brackets after vehicles have reached a certain age, would prevent a number of well-maintained vehicles being sent to the scrap yard.CAP's car running costs expert, Mark Norman said: "We are now in the crazy situation where perfectly good cars have become uneconomical to own because the cost of taxing them could soon approach half their car's value."This means more and more cars will become unsalable and will have to be scrapped long before the end of their useful life."
05/06/13


Why are 80s cars less loved than those from other eras?14 May 2013 Last updated at 11:22HelpThey were once on driveways throughout the country, but it appears cars from the 1980s like the Austin Metro and Ford Cortina are in danger of disappearing.While the number of cars from the 80s being driven in the UK today is dwindling, classic cars from the 60s and 70s still appear to be popular.So were the 1980s the decade that style forgot when it came to cars?John Maguire met some enthusiasts who love their 80s cars.
http://www.bbc.co.uk/news/uk-22525103
19/04/13


The price of Chinese aluminum scrap increased by 3.9 percent on Tuesday, April 16, making it the day’s biggest mover.

The cash price of Chinese aluminum fell 0.6 percent. The price of Chinese aluminum billet fell 0.3 percent.The price of Chinese aluminum bar continues hovering in place for the fifth day in a row.The cash price of primary Indian aluminum is back up, rising by 2.6 percent yesterday.On the LME, the primary aluminum cash price declined 2.0 percent to $1,804 per metric ton. The aluminum 3-month price weakened by 1.8 percent on the LME, settling at $1,842 per metric ton.
05/04/13


Tokyo Steel has cut its scrap purchase charges for the first time since late October, confirming signs of a weakening price trend.

Japan's largest mini-mill operator and effective benchmark price-setter has reduced its charges for deliveries of all grades of scrap to its Tahara plant by ¥500 ($5) per tonne and deliveries to its other four works by ¥1,000 per tonne. As a result, the company is now paying ¥34,500 per tonne for deliveries to Tahara; ¥34,000...
30/03/13


According to industry sources, the US April scrap prices are expected to be settled early April, following the Easter holidays.

The April prices are expected to remain unchanged or may drift lower. Negotiations between US steel mills and scrap dealers remained relatively quiet.If the North East scrap price trend is taken as a basis, the prices elsewhere may also fall further. Scrap prices have already declined $10/long ton in the Northeast since March prices were settled. The decline in North East prices may not have a direct binding on the Midwest prices, but would drag the sentiments. The absence of export demand for cargoes sailing from US East Coast ports is said to affect the prices.The scrap prices in Midwest had gone up by almost $40 per long ton during March. The mills in the region are negotiating with the dealers to buy down by at least $ 10 to $ 20, following the weaker settlements in the North East.The dealers say that the spike in scrap prices between February and March was mainly triggered by the increased demand from the Midwest region. The prices may cool off by at least $10 per lt in the April settlements.
30/03/13



The data released by the National Statistics Office of Georgia indicates that there were no ferrous scrap exports to Turkey during the month of February

16/03/13


A pair of American artists have built a temporary drive-in cinema in Manchester from shipping containers and scrapped cars.

Jeff Stark and Todd Chandler's Empire Drive-In has been created as part of the film and art festival, Abandon Normal Devices.Mr Chandler said the artistic idea behind the cinema was about "creative re-use and unlikely sites of possibility".The cinema will be open until Friday and will show a mixture of short films and classic Hollywood movies, including Robocop and Mad Max II.
13/02/13

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