Scrap prices after the first half of 2022? This means it’s time for our team to summarize where we think the markets are and where we think they’re headed for the second half of 2022.
2022 Aluminum Scrap Prices; First-quarter darlings have dropped over 35% overall this year. We’ve seen the same issues from trucking to demand changes that really impact these prices. We continue to recommend you sell your aluminum, but you may want to start sorting and separating your higher grades to increase your profits.
2022 Brass Scrap Prices
Sell, sell, sell. Anything copper related should be on your selling list right now. Unless you really know how to upgrade your brass to a bronze grade, it’s not worth the savings as prices may continue to drop.
2022 Copper Scrap Prices
Six months later, we saw the markets really crash in ways you can’t even count since the onset of Covid. As copper prices continue to drop, we’ve seen markets fall, and while there isn’t much optimism for inflation or recession-area fears, there’s a chance the markets will continue to experience a downward spiral. We continue to look at all external economic factors as we look at the market and we still believe selling all your copper and brass is the wisest thing to do right now because there could be more craters in the market. In the next month.
2022 Catalytic Converter Prices
These prices per cat have dropped about 30% to date, but we still believe selling all cats is one of the smarter market moves. With rhodium being used primarily in catalytic converters, we’ve seen the price drop 60% below market prices all the time we saw last year. We do not expect any major price increases in this case and you will always know how much you will be charged for your cats using the 10 working day price lock on RRCats.com.
2022 Steel Scrap Prices
We do not have high prices for the rest of the year as the steel markets will continue to be heavily affected by oil prices. Steel prices may continue to go down and we may not have hit the bottom yet. You won’t see much positivity from the iron markets for the rest of the year as fuel prices continue to Kavic again in all markets and trucking and match it with summer.