You Should Sell the Scrap Now We hope the weather treats you well in the USA and Canada. We talked to a lot of people who have been hit with a lot of snow and ice lately and have really blocked some of the things they’re working on and are trying to scrap it.
You should ALWAYS watch out for things that freeze (copper pipes) or break (aluminum gutters) from the outside of buildings and homes during the winter months. These cause problems for home and business owners… but they can be useful for whatever scrapping you ultimately want to do You Should Sell the Scrap Now.
Non-Ferrous Scrap Market Update
As copper prices hit a 2-year high this week, we were really wondering how buyers abroad and domestically would react to these higher prices… and opinions were mixed.
Many people think that copper prices are too high and there is no reason for the markets to rise so high… and many buyers have widened their spreads to hedge against sharp price drops due to higher prices. …for example, markets rose about 8 cents on Monday metal scrap yard near me… and then on Tuesday morning copper rose another 2 cents to start the day…all positive, right?
A few minutes before the markets opened, the copper market moved rapidly and copper prices fell by 7 cents in the blink of an eye. These are the things that scare the junkyard owners and the traders/brokers/factories that the junkyards will sell.
Non-Ferrous Scrap Prices Announced Last Week
- Rochester, NY: Rice, $11.41 per pound
- Calverton, NY: Stainless Steel, $30.32 per lb
- Elizabethtown, KY: Pipe #1, $22.00 per lb
- Pittsburgh, PA: Aluminum Siding, $10.35 per lb
- Milton, FL: Aluminum Siding, $20.40 per lb
- Gainesville, FL: Pipe #1, $32.03 per lb
- Macon, NC: Brass, $11.60 per lb.
Ferrous Scrap Market Update
While copper and other non-ferrous prices reached high levels, we received good signals in the steel/iron market last week. Last week we saw prices increase by about $7 per ton on average, which is a very positive thing for scrap owners and they immediately reflect on their prices.
We hope that the market will continue to improve as there is more optimism for the domestic steel markets, but in our opinion it will not take another few months to see where the projects and goals of the new Presidential administrations begin to materialise.
- Rochester, NY: Light Iron, $567 per ton
- Urbanna, VA: Degradable Steel, $10.08 per lb
- Pittsburgh, PA: Cast Iron, $1100 per ton
- Bridgewater, MA: Tire Cars, $2250 per car
- Sanford, FL: Cast Iron, $295/ton
Please let us know if there’s anything else we can reach you about to help you find out about market prices, information, or where things are going You Should Sell the Scrap Now.
- National Average Scrap prices (as of 2/15/17):
- Bare Shiny Copper: $1.85-$2.22
- Copper Pipe: $1.72-$1.97
- Clean Rice: $0.85-1.18$
- Insulated Copper: $0.45-1.45
- Aluminum Sheet: $0.22-0.33
- Stainless Steel: $0.23-0.29
- Aluminum Cans: $0.22-0.32 (Not CRV Pricing)
- Light Iron: $65-125 per ton