SCRAP NEWS | Month: July 2018

Ripple Effect of Trade Wars on Scrap Metal

A lot of people continue to talk about the tariffs, and how they are going to affect the whole scrap markets…and the short answer is (insert drum roll please), negatively but then positively. Things have to go through rocky turbulent times in order to get to smoother waters and that is what we are seeing […]

7/25/18 Scrap Price Report: Copper Dropped 20% In 6 Weeks

Best way to explain this scrap metal market? Pulling all of the THHN out of the Steel BX while knowing it will act like a Chinese finger trap and frustration will ensue?!?! Well, that’s exactly how we feel with the way that this market has been going the last few weeks and could continue for […]

Could Electric Motor Prices Drop As Low As Steel?

As of July 2018 –  We have seen copper prices jumping all over the place, heard rumors about exports getting ready to dry up to China – and that may just be the start of things. With recent news of more tariffs going into place, we may be seeing these markets turning a different direction.  […]

7/18/18 Scrap Price Report: Do We Have To Wait Until 2019?

Hey Scrappers! Hopefully, you’re all continuing to enjoy the summer and have been finding lots of different scrap that has been getting tossed during summer cleanouts. Something to think about is the report that there was a large increase in consumer spending in 2018 so far, that means there may be more things on the […]

7/11/18 Scrap Price Report: Copper Continues Its Fall

We hope that everyone has been staying busy and making sure to continue watching the markets. With such crazy time is going on with tariffs, trade wars, and gas prices continuing to increase it should be an interesting summer, to say the least.  Unfortunately, we have seen copper decrease another 2 to 3% over the […]

Should You Separate Chrome & Yellow Brass?

Scrappers on our Facebook Group recently had a discussion about how they should separate their brass scrap and also how their scrap yard accepts various kinds of brass. This led to a wide variety of responses because a lot of scrap yards are different on how they buy materials and grade brass. One complaint that was […]

7/5/18 Scrap Price Report: Tough To Find Good News

What a week it has been….not the best way to start the 2nd half of 2018 with copper falling more, but here we are…with another down market. Copper has continued to drop and we have seen a massive selloff with multiple worries about the Chinese vs. US trade tariffs.  We have seen copper prices drop […]

What Is Irony Aluminum Scrap?

Over the last few months on our iScrap App Facebook group, several scrappers have asked about current prices for irony aluminum in different areas around North America. Some scrappers were mentioning that some scrap yards don’t know what irony aluminum scrap is, so therefore it started a discussion about what it is and why you should […]

6 Best Strategies For A Dropping Scrap Market

Scrap prices are volatile

You have to pay attention to the market even more with the scrap market’s latest drop-off. While frustrating to most scrappers, scrap yards, processors, and others involved in the industry, we all have one thing in common dropping prices hurt. When the markets are dropping or not performing well what are some good strategies to go […]

Scrapping. It Ain’t Easy.

We watch interactions through our YouTube videos, Facebook posts, Instagram posts, Facebook groups and just emails coming through our inbox…and all people say one thing. They love to scrap. So when we talk to them and we get past the initial thoughts of loving scrap we want to dig deeper into problems that people have when […]

5 Ways To Suppress Your Frustration During Down Markets

Ways to fix low scrap metal prices

We get it. We really do. The scrap metal prices in 2015 have been nothing less than a really tragic story in the scrap industry. Over the last 8 months the steel market has dropped almost 70% and prices are at 7-year lows. It’s not like it’s just a small dip in the prices, but a […]