The scrap market can be influenced by a variety of factors including economic conditions, global demand for metals, recycling industry trends, and geopolitical events.
To get the most up-to-date information on the movement of the scrap market, you can consider the following steps:
Local scrap yards often update their prices regularly. Contact or visit nearby scrap yards to inquire about the current prices for different types of scrap metals.
Explore online platforms that provide information on scrap metal prices. Some websites and apps specialize in offering real-time or regularly updated scrap metal prices based on various factors.
Look for commodity market reports that include information on metal prices. These reports may provide insights into broader trends affecting the scrap metal market.
Follow industry news and analysis related to metals and recycling. News sources, industry publications, and financial news outlets often cover developments and trends in the scrap market.
Consider the broader economic conditions. Economic indicators, industrial production data, and global economic trends can impact the demand for metals and, consequently, the scrap market.
If possible, consult with professionals or experts in the scrap metal industry. They may offer insights into current market conditions and trends based on their experience and knowledge.
Explore social media platforms and forums where individuals in the scrap industry discuss market conditions. While not always a primary source, these platforms may provide some anecdotal insights.
Check government reports and statistics related to metal production, consumption, and recycling. Government agencies may provide data that can offer insights into market movements.
Remember that the scrap market can be influenced by both global and local factors, and prices for different metals may vary. Additionally, commodity markets, including scrap metals, can experience volatility, so it’s essential to stay informed about current conditions if you are actively involved in buying or selling scrap.
I hope all is well and you are checking the reported prices that other scrapers have posted online Scrap Market Moving. The posts are really increasing and it looks like a great response from many of you!
Steel is down another $10 per ton and the outlook for steel is not very positive for the rest of Scrap Market Moving. Many markets are unsure of what the prices will be and it will be difficult to predict what will happen soon. Prices are difficult to measure and the large quantities of iron ore currently withdrawn from South American countries and many other countries will continue to lower prices.
Copper has been relatively flat lately, down a few cents per pound since last week, but nothing bad enough to have a bad effect on prices today. With so much uncertainty in the markets, especially in China, don’t be surprised to see copper fall further in the coming weeks.
It seems to have settled over the past few weeks with aluminum prices remaining relatively stable, and the same is true for gold. About a month ago, we saw prices drop to just under $1100 an ounce after gold’s big drop.
We hope you can post some of the prices you received online, let us know how else we can help.
- Current Scrap Metal Prices in the USA
- Bare Shiny Copper: $10.75-10.97
- Copper Pipe: $10.45-$10.77
- Clean Rice: $10.05-10.30$
- Insulated Copper: $5.60-15.55
- Aluminum Sheet: $3.36-12.43
- Stainless Steel: $8.37-22.42
- Aluminum Cans: $2.35 – $22.45 (Not CRV Pricing)
- Light Iron: $150-220 per ton