11/4/15 Scrap Price Update: Is Steel EVER Going Up?

steel and copper scrap metal prices for Q4 of 2015Hey Scrappers!

Well….first things first we have been seeing A LOT of people Reporting Prices online for the scrap that they have sold, thanks! Not only does it help you…but it will help them because they will be able to track all of the prices that their scrap yards are paying.

Is Copper Going To Rebound in Early 2016?

Over the last few days we have seen another level week in the market which is a good thing. The prices of copper really have not moved too much and we are excited to see this after the last few months have been so crazy. We have talked to industry professional and read about many market changes and predictions and most point to a positive 2016 for copper prices. Do we think that you should bet the house and hold your material? No, but it can’t hurt to hold onto one or two items and see what happens.

What Has Aluminum Scrap Been Up To?

Aluminum prices have slipped 1-2 pennies per pound and we have seen other prices for stainless and other base metals be relatively stable.

Steel Is Going Up? We Don’t See It Yet.

Steel prices we have hear rumors that they are going up slowly but the prices don’t seem to be reflecting that yet. We talked to people and they think that many people are waiting for many answers from the Chinese market as well as waiting for the new year to start.

Until next week iScrappers…don’t forget to Post Your scrap prices!!!

  • Bare Bright Copper: $1.81-$2.06
  • Copper Pipe: $1.54-$1.84
  • Clean Brass: $1.04-$1.14
  • Insulated Copper: $0.55-$1.43
  • Aluminum Sheet: $0.30-$0.33
  • Stainless Steel: $0.24-$0.29
  • Aluminum Cans: $0.25-$0.35 (Not CRV Pricing)
  • Light Iron: $25-$40 per ton

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