3/29/17 Scrap Price Update: COPPER UP!

Good Day iScrappers!

Hope that your days of scrapping have been going well…the copper prices jumping even more the last few days will certainly help…but the steel side of things has been hit a little bit, but we will go over that soon.


Non-Ferrous Market Updates

Copper prices went up over the last week and with that price increase we saw the prices on copper, brass, and insulated wire all rise since last week’s update…WHICH WE LOVE. Earlier this week we saw the prices drop on Monday after the health care vote came in and was failed….but since that happened we saw the oil prices rise, and copper has jumped up about 5 cents this week…HOORAY!

Reported Non-Ferrous Prices:

Here are some of the prices that we have seen over the last week. We try to get a good grasp of the markets across the county, but with so many prices being reported it is tough to really dig through them all. We have seen the levels of copper creep up in the

  • Osgood, IN: aluminum siding, $0.45 per lb. (3/29)
  • Rockaway, NJ: Bare Bright, $2.42 per lb (3/29/17)
  • Frankfort, IN: Stainless Steel, $0.40 per lb (3/29)
  • Elkhart, IN: Aluminum Cans, $0.34 per lb (3/29)
  • Missoula, MT: Bare Bright Copper, $1.50 per lb (3/28)
  • Metter, GA: Insulated Copper Wire: $0.36 per lb (3/28)
  • Maple Grove, MN: Romex® Wire, $1.14 per lb (3/27)
  • Waupun, WI: Aluminum Cans, $0.35 per lb (3/27)
  • Hopkinsville, KY: Aluminum Scrap, $0.40 per lb (2/26)


Ferrous Market Update

Steel prices have declined about $13 per ton across the board for all grades over the last week and we hear that they will be going down another $10-20 per ton later this week into the beginning of April. Steel prices were really nice for most of the month, but with these decreases we are seeing all scrap yards lower their pricing almost immediately.

Reported Ferrous Prices:

  • Norcross, GA: Light Iron, $100 per ton (3/29)
  • Tullahoma, TN: Light Iron, $85 per ton (3/28)
  • Rochester, NY: Light Iron, $166 per ton (3/27)
  • Hopkinsville, KY: Light Iron, $120 per ton (3/26)


Other Market News

In some other markets we have seen the gold prices dipping down below $1200 per ounce for the first time since the end of 2016 but we had a rebound of about $50 per ounce which has been great, but the markets are still very strong overall. Aluminum continues to have strong pricing and that has been mostly because of the inventory levels remaining at a lower level and still being built up.

Any questions on a metal that we didn’t go over? Let the iScrap App team know by emailing us at [email protected] and we will get back to you ASAP.

Scrap ya later!

-Tom

National Average Prices for Scrap Metal (as of 3/29/17):

  • 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


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