11/30/16 Scrap Price Update: Aggressive Economy Helping Prices

copepr-prices-for-scrapGood Day to All Scrapper Nation!

We hope that all of our American Scrappers had a nice Thanksgiving and ate too much and still have a turkey hangover! To the rest of you out there we hope that these increased prices are making you happy and we hope that going forward that we see a more consistent price increase for the rest of 2016. Like always we have been monitoring the prices that have been being reported across the US and Canada and it looks like most scrap yards are finally adjusting their prices and there are increases all over the place and some positive market news so let’s get right into it.


Non-Ferrous Scrap Metal Markets

In the last week we have been reading a lot of articles and watching commentators going over why this price increase is happening and why it is happening so out of the blue. Many say that with the stock market so high, with the real estate markets up as well, that many foreign investors (specially in China) have been investing in commodities as a much more fluid market. This has allowed many people to begin going after the markets in a more aggressive manner and copper, oil, and other metals have become more of a short term play for many investors. These new aggressive moves across the economy have been helping prices in the scrap metal market for both ferrous and non-ferrous metals.

Suggested Reading: Copper Prices Rising Post US Election

Here are some of the non-ferrous reported prices over the last week:

  • Mount Airy, NC: Aluminum Cans, $0.35 per lb (11/30/16)
  • Sumiton, AL: #2 Tubing, $1.25 per lb (11/29/16)
  • Bellflower, CA: Bare Bright Copper, $1.49 per lb (11/29/16)
  • Fayetteville, AR: Aluminum Cans, $0.45 per lb (11/29/16)
  • Newberry, SC: Bare Bright, $1.60 per lb (11/29/16)
  • Rockaway, NJ: Bare Bright, $2.42 per lb (11/29/16)
  • Baltimore, MD: Bare Bright, $1.80 per lb (11/29/16)
  • Manchester, CT: Aluminum Siding, $0.30 per lb (11/29/16)
  • Manchester, CT: Stainless Steel, $0.28 per lb (11/29/16)
  • Richmond, IN: Aluminum Siding, $0.40 per lb (11/29/16)
  • Lakeshore, ON: Stainless Steel, $0.20 per lb (11/29/16)


Ferrous Scrap Metal Markets

The steel and iron markets have also improved over the last week with prices climbing again, a smaller increase, but around $5 per ton on average. The steel markets seem to be following the overall raw commodities swing and you may expect to see more of an increase in steel pricing if OPEC ends up cutting production to their oil output.

Here are some of the ferrous reported prices over the last week:

  • Rochester, NY: Light Iron, $142 per ton (11/30/16)
  • Fayetteville, AR: #1 Steel, $70 per ton (11/29/16)
  • Baltimore, MD: #1 Steel, $60 per ton (11/29/16)
  • Cleveland, OH: #1 Steel, $80 per ton (11/29/16)
  • Aiken, SC: Light Iron, $0.03 per lb (11/28/16)
  • St. Paul, MN: Automobiles, $50 per ton (11/28/16)
  • Myrtle, MS: Light Iron, $0.055 per lb (11/28/16)

With so many prices increasing over the last few weeks (and in time for the holiday season), we have been very happy to see so many people getting these increases pushed to them at the scales.

Make sure you POST YOUR PRICES and let us know what you have been getting for your scrap metals.

Scrapppppp ya later!

-Tom


National Average Scrap Prices (as of 11/30/16):

  • Bare Bright Copper: $1.85-$2.15
  • Copper Pipe: $1.67-$1.92
  • Clean Brass: $0.85-$1.15
  • Insulated Copper: $0.45-$1.20
  • Aluminum Sheet: $0.22-$0.33
  • Stainless Steel: $0.21-$0.27
  • Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
  • Light Iron: $65-105 per ton

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