12/14/16 Scrap Price Update: Prices Remain High

Hey iScrappers!

With only 11 days until Christmas we hope that you have been able to enjoy these great copper prices and have seen your scrap yards increase all of their prices over the last few weeks. The prices remain high considering how low they have been this year in scrap, but we can only hope heading into the New Year. Even though we have seen some prices dip the last few days, overall we have seen a nice uptick for all of the materials….so let’s get right into it.

Non-Ferrous Price Update

With copper still sitting at almost two year highs it has been very nice to see and to feel in the wallet. We have seen some prices coming down, which is not too much of a surprise considering that the market will generally pull back towards the end of any year with the holidays and a lot of questions being asked. The amount of people reporting their scrap prices has been so great to see and we want to expand on some of the prices that have been reported.

Reported Copper/Brass Prices

  • Chalmette, LA: 500 MCM, $0.69 per lb (12/14/16)
  • Fort Worth, TX: #2 Tubing, $1.66 per lb (12/14/16)
  • Lydonville, VT: Bare Bright, $1.75 per lb (12/14/16)
  • Moss Point, MS: Bare Bright, $1.75 per lb (12/12/16)
  • Philadelphia, MS: Brass, $0.40 per lb (12/12/16)
  • Kingtree, SC: Brass, $0.70 per lb (12/12/16)

Reported Mixed Non-Ferrous Prices

  • Poplar Bluff, MO: #3 Aluminum, $0.50 per lb (12/14/16)
  • Rochester, NY: Sheet Aluminum, $0.44 per lb (12/14/16)
  • Lydonville, VT: Aluminum Cans, $0.20 per lb (12/13/16)
  • Moss Point, MS: Stainless Steel, $0.30 per lb (12/13/16)
  • Foxworth, MS: Aluminum Siding, $0.40 per lb (12/12/16)
  • Mapleton, MN: Stainless Steel, $0.38 per lb (12/11/16)

Ferrous Update

With the steel prices finally starting to recover we have been able to see a lot of yards increasing over the last two weeks. A lot of people want the immediate reaction with higher prices, but one of the problems is that a lot of scrap yards have contracts that they look to fill and have to fill them before they are able to bump up their own prices for the public.

Reported Steel/Ferrous Prices

  • Rochester, NY: Light Iron, $169 per ton (12/14/16)
  • Mapleton, MN: #1 Steel, $90 per ton (12/12/16)
  • Battle Creek, MI: #1 Steel, $60 per ton (12/12/16)
  • Rochester, NY: Cast Iron, $208 per ton (12/12/16)
  • West Elizabeth, PA: #1 Steel, $160 per ton (12/11/16)

We hope that you have been able to update and report your prices and if you have any questions about other metals you can always meet us during our Facebook Live feed that happens on almost every Wednesday afternoon.

National Average Scrap Prices (as of 12/14/16)

  • 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: $75-115 per ton