SCRAP NEWS | Month: December 2020

3 Reasons Why You Shouldn’t Melt Your Own Scrap Ingots

It looks cool. It could be a fun hobby to do with friends or in your yard…melting and molding your own scrap metal ingots. While it may make for entertaining times or cool YouTube videos, if you are looking to make the most scrap money from your metal, we don’t strongly suggest never melting your […]

Copper Up 50% Since March – 12/23/20

Check in this week to see where the major scrap markets moved this year and what to expect heading into 2021 for scrap prices.

Wrap Up for iScrap 2020

  2020, was a different kind of year than most, so we figured we would send you a different kind of newsletter this week that highlights our odd stats here at the iScrap App HQ. Below are some fun numbers we wanted to share with you and show you how MUCH you impact what we […]

Two Major Ways Joe Biden Can Affect Scrap Prices

Post-Election – How Is Scrap Going to Be Affected? With the 2020 US Presidential Election over, what is going to happen to the scrap metal markets? That was what we were thinking when Joe Biden was announced the winner of the 2020 Election. It may not have been the first thing that you thought about […]

Aluminum Prices Finally Seem Stable – 12/16/20

We have continued to see the aluminum markets remaining strong and add a piece that seems to be sustainable. With basic grades of aluminum like sheet and cast continuing to climb in price, we have seen some of the averages going into the mid $0.20’s per pound.

With 7-Year Highs, Scrap Prices Are Delicate – 12/9/20

With the “big man in red” only a short 2.5 weeks away from showing up, we have certainly been given a nice gift before the holidays with these markets. Over the last week while we have not seen massive market movement; we have seen overall stabilization.

Copper Is Soaring, So Is Steel – 12/2/20

We hope that many of you enjoyed a very nice and quiet Thanksgiving and secretly in the background you were being given an early holiday gift. Not only do we have the vaccinations beginning to get distributed in the coming weeks, but we have multi-year highs on copper.