Scrapex Banner
Author: 23 Mar 2011 Last updated at 08:29:12 GMT

Japan scrap yards may pile up with vehicle-scrap

BEIJING (Scrap Monster): Japan’s scrap yards are going to be filled with scrap steel, aluminum, nickel, chromium, platinum, and much more recyclable metals from the Tsunami hit vehicles in the country.

Shores of japans’ northeast, hit hard by tsunami waves are also heaped with plenty of vehicles which were totally damaged and can only be used for scrapping. Japan municipal authorities have already initiated measures to collect and scrap them.

This means a huge amount of scrap metals entering scrap yards, and this may even lead to short term stagnation in the scrap industry, analysts say.

Municipal governments in Japan have decided to collect all the vehicles destroyed by the Tsunami, in the country. The government will keep the vehicles for a certain time so that the owners can claim it or the vehicles will be scrapped.

Municipal governments first will find vacant lots to keep the cars. They then will publicize the car’s registration numbers and vehicle identification numbers for a certain period of time.

If the owners claim the cars, the vehicles would be handed over so they can scrap them. If they do not appear before the as-yet-unspecified deadline, the local governments will scrap the cars.

The central government will also enable municipal governments to scrap appliances as disaster waste, which means further metals coming to the market.

 

METAL PRICE CHARTS

GET PRICE CHARTS

18ct Gold Scrap Price Charts

9ct Gold Scrap Price Charts

14ct Gold Scrap Price Charts

RELATED NEWS

CEA urges innovation-friendly approach to energy efficiency policy across North America

February 20th 2014 05:44 AM
CEA urges innovation-friendly approach to energy efficiency policy across North America
The following statement is attributable to Consumer Electronics Association President and CEO Gary Shapiro

CEA Agrees on Several Presidential Policies that Would Help the Innovation Economy

January 31st 2014 04:50 AM
CEA Agrees on Several Presidential Policies that Would Help the Innovation Economy
The Consumer Electronics Association (CEA) has welcomed the President’s call for a stronger focus on policies

Consumer confidence toward overall economy and technology spending declined in Jan: CEA

January 29th 2014 05:29 AM
Consumer confidence toward overall economy and technology spending declined in Jan: CEA
Consumer confidence toward the overall economy and technology spending both saw decreases in January

Snapchat, Shutterfly and Yelp Join Consumer Electronics Association

January 23rd 2014 05:23 AM
Snapchat,  Shutterfly and Yelp Join Consumer Electronics Association
Three new members have joined the 2,100-plus member technical association- Consumer Electronics Association (CEA)
Next Story