2/8/17 Scrap Price Update: Quick Increase Causes Decrease For Steel

Good Day iScrappers!!!

We hope that you have not only been busy, but have been reporting and checking out others reported prices across the US and Canada…we have seen SO MANY prices getting logged in that we thank our users and hope that everyone continues to use them.

Over the past week we have seen a relative lull in the markets with copper, brass, steel, and gold all hovering in very similar levels from where they were last week, so let’s get into all of the pricing and updates.


Scrap Gold Markets & Prices

As one of the better performing metals this year we have seen gold continue to shine as many predicted a sharp fall off once President Trump was elected. Instead we have not only seen gold prices rally, but we have seen them hit 3 month highs after bottoming out in the low $1100 per ounce level.

When you add the pricing of copper and aluminum growing you will see increases in all of your electronics prices…as long as you know who and where to sell your boards.

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Scrap Copper & Non-Ferrous Markets & Prices

Copper prices have been a little up and down over the last week but they have settled right where they left off about a week ago. The markets continue to strengthen but the next step will be to see if they are able hold and grow from the levels that they are at.

Having stable prices is one of the best things for scrap yards…and for scrappers because they are able to st prices that both parties can make money with. By having large price swings up and down that is a bad thing because it does a few things.

  • Good things that it does is that upswings could make you more money…BUT large and quick upswings scare scrap yard owners and they may not raise their prices until markets stabilize.
  • Large downswings will hurt because they will cause scrap yards to drop prices below where they should be to protect themselves from sudden losses.

Here Are Some Of The Reported Non-Ferrous Prices From The Last Week:

  • Baytown, TX: Aluminum Cans, $0.30 per lb (2/8/17)
  • Orlando, FL: #1 Tubing, $1.87 per lb (2/7/16)
  • Pompano Beach, FL: Stainless Steel, $0.18 per lb (2/7/17)
  • Springhill, FL: Aluminum Cans, $0.35 per lb (2/7/17)
  • St. Joseph, MO: Brass Pipe, $1.15 per lb (2/6/17)
  • Sterling Heights, MI: Lead Batteries, $0.22 per lb (2/6/17)
  • Longview, WA: Stainless Steel, $0.20 per lb (2/5/17)


Ferrous Scrap Markets & Prices

With the copper markets going up and stabilizing…there was a lot of hope with the steel markets to follow, which they did. But with the increase we have seen a very quick decrease in the last 3 weeks but maybe we have hit a floor for the markets finally.

The steel prices have stabilized and we have finally seen the markets stay at the same level for a week which has been an excellent thing. Hopefully the reports that we have been reading will hold true and from that we will see them level off…and maybe rise once the first quarter of the year is done.

Here Are Some Of The Reported Ferrous Prices From The Last Week:

  • Sparks, NV: Cars w/Tires: $60 per ton (2/8/17)
  • Rochester, NY: Light Iron, $167 per ton (2/8/17)
  • Waterloo, NY: Automobiles, $0.05 per lb (2/7/16)
  • Portland, OR: #2 HMS, $100 per ton (2/6/17)
  • Sterling Heights, MI: Shreddable Steel, $0.045 per lb (2/5/17)

Any other pieces of news, markets updates, or videos that you want to see please do not hesitate to let us know.

Scrap ya later!

-Tom


National Average Scrap Prices (as of 2/8/17):

  • Bare Bright Copper: $1.85-$2.22
  • Copper Pipe: $1.72-$1.97
  • Clean Brass: $0.85-$1.18
  • Insulated Copper: $0.45-$1.45
  • Aluminum Sheet: $0.22-$0.33
  • Stainless Steel: $0.23-$0.29
  • Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
  • Light Iron: $65-125 per ton

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