SCRAP NEWS | WE KNOW SCRAP

Copper Still Rising, So Is Aluminum – 3/3/21

With aluminum prices continuing to climb, we have seen the price of aluminum really having a steady increase this year. While aluminum prices have always lagged behind in their growth patterns, with the tariffs in place we really saw them get hammered the last couple of years.

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Scrap Copper Approaching All-Time Highs – 2/24/21

Copper continues to soar. Let’s just keep with that topic as we have seen the copper prices increasing and even approaching the all-time record high.

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Why China is Refusing Scrap Metal & Materials

Over the years the Chinese have been buying and taking all types of commodities from all over the world and they have been accruing worldwide assets along the way. Those assets could be mines, ports, or large investments in overseas companies with a partial or a controlling interest. Why this becomes so important is when […]

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Why Are Catalytic Converter Prices So High?

So many people have asked us over the years about the value of catalytic converters and why they are so expensive. When people look at catalytic converters they see a magnetic stainless steel shield on the outside and they always hear about different numbers that are stamped or pictures that catalytic converter buyers look for. […]

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Why Are Copper Prices Increasing Right Now?

We have seen an unprecedented run-up of copper prices to a level that has not been seen since the middle of 2011. These markets running up are not as impressive as the run-up back in 2011 for many reasons that we want to go over. Don’t get us wrong – we love seeing copper prices […]

Copper Hits $4.00 & Reaching For All-Time Highs

For years we have talked about the “unicorn” in the scrap industry that we saw all the way back in 2010 and 2011, which was copper trading at $4.00/lb. It had seemed to be a number that we may have never see again. And if we did, it would be so far out into the […]

Where Are Scrap Prices Headed? – 2/17/21

JUMP TO NON-FERROUS JUMP TO FERROUS 9. Year. Highs. Brrrr (says most of the country)! Who would’ve believed one year ago that we would’ve had copper prices that bottomed out with multiple-year lows and then within one year had copper prices jump to nine-year highs?!? We have seen the markets continue to rally and surpass […]

Copper Hitting Record Highs…Again – 2/10/21

While the stimulus has been heavily discussed, one of the major reasons that the price of copper has gone up has been the optimistic point of view, not only for electric vehicles coming on board but also for the world recovery from what was 2020.

10 Scrap Metal Creations We Love

michael-jackson-scrap-metal-sculpture

If you are looking for some really cool scrap metal sculptures and creations, we have 10 of our favorites below. We have to take some time to really check out how cool these are and how intricate the pieces involved are. Some of these look realistic from a far distance. Check them out: What’s cooler […]

Steel Falling on Oil Prices – 2/3/21

Over the last week, we have been intently watching these markets trying to get a grip of what’s going on with them, but so far we have not seen any concrete evidence or news coming out that will affect the markets in any type of a positive light.

How Long Can COVID-19 Live On Scrap Metal?

You’re safe and health is most important to the Team at iScrap App. One of the most common questions we have received lately from scrappers is about the COVID-19 and how it’s affecting scrap yards, scrap prices, and the industry. One thing that may not be getting attention is the effect that the virus itself […]

Best Ways To Make Money Scrapping

Computer copper

If you are interested in making money from scrap metal recycling, the iScrap App is the best place and tool for you to check out. The iScrap App is a directory of scrap yards throughout the US & Canada and provides users with business information for scrap yards in their area including scrap prices, containers […]

How Do I Sell My Scrap Catalytic Converter?

The catalytic converter in the scrap industry has become a HOT commodity. With the prices of platinum, palladium, and rhodium – the three precious metals found inside catalytic converters – soaring to an all-time high, catalytic converter recycling has become a huge part of the scrap metal industry over the last few years. There are […]

One Thing Scrap Yards Won’t Tell You About Scrap Prices

Something scrap yards won't tell you about scrap metal prices

So you think that your local scrap yard has an “in” on where the market is headed…hmmm? Well, that is the wrong answer because many scrap yards do not know what is going on the same day…let alone going into the future. Scrap prices follow the commodities markets, and as we have talked about before, […]