Even though we are a day late…it might prove to help out more! With the markets being in a little bit of a negative flux ending last week and then starTing this week, we have seen some positive movement and we will go over that now starting with our…
Non-Ferrous Prices and Markets
The markets for copper dropped about 10 cents over a 3-4 day span and those price drops immediately hurt the entire market. With those drops we saw the markets drop very quickly with most of the markets going down more then just the drop that we saw through the Comex. With the markets having a large drop we always see the scrap prices react more then just the drop because the likelihood of more drops coming is high.
Here are some of the reported non- ferrous prices from the last week:
- Billings, MT: Brass Scrap, $1.00 per lb (3/23)
- Elgin, TX: Aluminum Cans, $0.25 per lb (3/23)
- Matoon, IL: aluminum siding, $.40 per lb (3/22)
- Waterloo, IA: #1 Tubing, $0.59 per lb (3/22)
- Hunstville, TX: Stainless Steel, $.30 per lb. (3/23)
- Rochester, NY: Insulated Wire, $0.80 per lb (3/22)
- Rockaway, NJ: Bare Bright, $2.40 per lb (3/22)
- Hibbing, MN: Aluminum Cans, $0.31 per lb (3/21)
- Alliance, OH: Aluminum Cans, $0.58 per lb (3/21)
- Christiansburg, VA: Car Batteries, $10 each (3/21)
Ferrous Prices and Markets
The ferrous markets have been one of the nice bright spots over the last month, but we have read multiple reports talking about the markets decreasing. We are seeing the steel markets weaken for the 2nd week in a row and have indications that more drops are coming in April. With the markets down about $15 per ton the last two weeks we have to be weary of further drops coming.
This roller coaster of a steel/iron market has been very tough to deal with, but hopefully going forward we will be able to get a little stability towards the Spring and Summer months.
Here are some of the reported ferrous prices from the last week:
- Hunstville, TX: Shreddable Steel, $90 per ton (3/23)
- Connersville, IN: Car w/Tires, $100 per ton (3/22)
- Russellville, AR: Tin, $6.00 /CW (3/21)
- Barberton, OH: Cast Iron, $155 per ton (3/21)
- La Crosse, WI: Car w/Tires, $95 per ton (3/21)
- San Antonio, TX: Cast Iron, $100 per ton (3/21)
Overall we have seen the markets be very strong and the volume seems to be coming onto the scrap yards at a steady rate. After the snow storm that blanketed much of the Northeast last week, we have seen the markets begin to rally and the inventory at scrap yards has continued to increase.
Happy Trails Scrappers!
National Average Prices for Scrap Metal (as of 3/23/17):
- 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