3/16/16 Scrap Price Update: Steel Sees Small Jump

steel prices see small jumpGood Morning Scrappers!

With another new week here we are happy to see so many prices posted from across the US and Canada. The price of the week that we say came out of Orange City, Florida and was for Brass at $1.20, thanks to Robert B. for posting it!

Steel Prices Have Seen Small Jump

The markets have been relatively steady over the last week and we are happy to report mostly positive news across the scrap horizon. Let’s begin with steel prices which have been rising for two weeks in a row. After the increase last week we saw another small uptick (About $5 per ton on average) on most steel grading. With so many people posting prices on Light Iron we saw ranges over the last week from to 0 per ton for light iron, super great!

Copper Is Remaining Steady

Copper has also remained steady over the last week which we are extremely happy to see. The prices of copper have not changed but with the steady prices we are seeing some Bare Bright numbers across the US in the $1.80-2.07 per lb. range. Here are some other prices from across the US over the last week:

Reported Scrap Metal Prices In The USA:

  • Glen Falls, NY on 3/12 Reported $0.80 for ACRs
  • Plymouth, MI on 3/11 Reported $1.58 for #2 Copper
  • Rochester, NY on 3/11 Reported NY on 3/11 Reported NY on 3/11 Reported $0.41 for Sheet Aluminum.41 for Sheet Aluminum.41 for Sheet Aluminum
  • Indianapolis, IN on 3/14 Reported IN on 3/14 Reported IN on 3/14 Reported $0.34 for Cast Aluminum.34 for Cast Aluminum.34 for Cast Aluminum
  • Jacksonville, FL on 3/13 Reported $3 per hundred for Heavy Iron
  • Anoka, MN on 3/12 Reported MN on 3/12 Reported MN on 3/12 Reported $0.30 per lb for Aluminum Cans.30 per lb for Aluminum Cans.30 per lb for Aluminum Cans

With so many prices being reported across the US and Canada we are really able to start to get a great gauge on where the markets are and it looks to be that they are really rising and stabilizing over the last few weeks heading in the Spring time.

Suggest Reading: 7 Places To Find Scrap This Spring

Lead Sees Increase, But Not Too Important

The Lead market is also ticking up with lead prices going up 2-3 cents per pound, but with lead not being as popular or abundant as aluminum or steel we have not seen too much of an increase over the scales at so many yards across the US. We will continue to watch and see what happens, but don’t expect too much of a jump on the lead prices or battery prices over the scale too soon.

Aluminum Has Not Changed Lately

The aluminum markets have not changed too much recently, but we have seen a slight increase in the LME (London Metal Exchange- This is where many of the raw metals are traded throughout the world and the prices come from), and hopefully that price increase will trickle down into scrap prices heading into the springtime.

Suggested Reading: Where To Find Scrap Prices Online

With so many things contributing to the scrap market from the Presidential Election to oil prices there are a lot of variables this year to add to the ever changing market pricing. Please continue to go to iScrapApp.com to see what prices others are getting in your area as well as using the iScrap App to find scrap yards near you.

Until next week, scrap ya later!

Updated Average Scrap Prices As Of 3/16/16

  • Bare Bright Copper: $1.75-$2.00
  • Copper Pipe: $1.40-$1.78
  • Clean Brass: $0.92-$1.20
  • Insulated Copper: $0.45-$1.25
  • Aluminum Sheet: $0.22-$0.31
  • Stainless Steel: $0.20-$0.25
  • Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
  • Light Iron: $45-$110 per ton

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