With almost 2 full months of 2017 gone…is this where you saw the scrap prices going? All the way up! We have seen the markets continue to react positively even with some minor push backs over the last few weeks…but let’s get into more detail now.
Copper, Aluminum, & Non-Ferrous Scrap Update
Many people ask us about having gas prices directly affecting the copper and scrap prices…and while they have a lot in common, they do not always correlate. If the fuel prices are very high, then it makes it more expensive to move materials and thus the commodity prices will increase in order to cover the raw transportation and overhead costs.
Suggested Reading: Factors of Scrap Metal Pricing
Copper prices are still above this year, and at almost 2 year highs….this is a good sign and hopefully we will see these prices and markets continue to increase.
Reported Non-Ferrous Prices:
- Dexter, MO: Brass, $1.20 per lb (2/22)
- Mays Landing, NJ: Bare Bright, $2.25 per lb (2/22)
- Tempe, AZ: #1 Tubing, $1.50 per lb (2/21)
- Hendersonville, NC: Brass, $1.45 per lb (2/21)
- Mansfield, LA: Brass, $0.90 per lb (2/21)
- Maysfield, LA: Stainless Steel, $0.20 per lb (2/21)
- Rochester, NY: ACRs: $0.85 per lb (2/20)
- Niagara Falls, NY: Sheet Aluminum, $0.45 per lb (2/20)
- Union Grove, WI: Brass, $1.35 per lb (2/19)
Steel & Iron Scrap Update
Steel prices have gone up with a lot of the optimism over the last few weeks and we have seen the markets go up about $20 per ton on average over the last two weeks. Not only has the prices gone up, but it looks like the demand has increased and more mills are taking in larger amounts of materials.
With the overall production at a stand still right now we have to see what happens going forward before LARGE increase happen.
Reported Ferrous Prices:
- Prosser, WA: Cast Iron, $0.07 per lb (2/21)
- Hendersonville, NC: Cast Iron, $90 per ton (2/21)
- Rochester, NY: Light Iron, $167 per ton (2/21)
- Hamilton, OH: Cars w/Tires, $100 per ton (2/20)
- Urbanna, VA: Shreddable Steel, $0.08 per lb (2/18)
E-Scrap Scrap Update
The gold market continues to be strong and has been positively affected by the markets all around. If you think of E-Scrap as just gold and silver pricing then you are missing a large section of materials to go over.
With aluminum prices (which go into heatsinks and other parts) up you will see an increase in those related products. With copper and steel prices up, things like power supplies’ values will increase as well because of the steel cage, the copper wire, and the copper transformers inside of them.
We hope that this helps shed a little more of an update on the scrap markets, let us know what you think and what else you want to know about, scrap ya later!
National Average Scrap Prices (as of 2/22/17):
- Bare Bright Copper: $1.92-$2.27
- Copper Pipe: $1.77-$2.17
- Clean Brass: $0.88-$1.22
- Insulated Copper: $0.62-$1.57
- Aluminum Sheet: $0.24-$0.37
- Stainless Steel: $0.25-$0.33
- Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
- Light Iron: $65-125 per ton