Hello to the Scrapping World!
We hope that you are remaining busy and have more things going on then you know what to do with. With the markets remaining strong over the last week we have continued to see strong prices across the US and Canada and many scrap yards have adjusted what they are paying to make sure that they remain very competitive…and that is great for YOU the scrapper!
Non-Ferrous Scrap Price Update
Let’s start with a metal that may not be as sexy as copper…but is like a good ole pickup truck (insert your favorite brand here), old and reliable, aluminum. With aluminum prices continuing their slow and steady rise, they have been one of the metals that did not have a quick bounce…but has had a steady climb. That steady climb has led to the aluminum prices being near two year highs and continuing to go up.
The aluminum prices have been strong for many reasons, but being able to see the LME inventory levels go down means that auto-makers (among others) have stayed true to their intent of having more aluminum go into their cars opposed to steel and that has caused part of the jump.
Copper has still stayed very strong and has remained at 18 month highs (almost 2 year highs as well) and that is good thing. Like we talked about last week, the copper prices affect so many things like brass, insulated wire, and other copper products, so we are happy to see the jump there.
Reported Non-Ferrous Prices:
- Fort Lauderdale, FL: Bare Bright, $2.25 per lb (3/7)
- Charlotte, NC: Bare Bright, $2.00 per lb (3/7)
- Frankfort, NY: Aluminum Cans, $0.25 per lb (3/7)
- Frankfort, NY: Stainless Steel, $0.34 per lb (3/7)
- Bellefontaine, OH: Yellow Brass, $1.05 per lb (3/7)
- Bellefontaine, OH: Aluminum Cans, $0.43 per lb (3/7)
- Freeport, NY: Aluminum Scrap, $0.30 per lb (3/7)
- Laredo, TX: Brass Scrap, $1.00 per lb (3/7)
- Rome, GA: Brass, $1.55 per lb (3/7)
- Missoula, MT: Truck batteries, $8 each (3/7)
- Fresno, CA: Bare Bright, $2.20 per lb (3/7)
- Fenton, MO: Insulated Wire, $0.50 per lb (3/7)
Ferrous Scrap Price Update
With the prices seeming to be continually rising for steel since mid-February, nothing has changed with that. Prices are up again, and because of that we see that the prices of steel have risen again and are about double to where they were a year ago.
The US steel markets have continued to climb and the demand seems to be keeping up with the steady supply of steel across the nation. Hopefully these will continue so you will be able to keep the scrap ball rolling and continue to cash in for all of your hard work.
Reported Non-Ferrous Prices:
- Ardmore, OK: Light Iron, $138 per ton (3/8/17)
- Rochester, NY: Light Iron, $179 per ton (3/7)
- Houston, TX: Light Iron, $95 per ton (3/7)
- Girard, OH: Automobiles, $195 per ton (3/7)
- Addison, IL: #1 Steel, $140 per ton (3/7)
- Columbus, OH: Scrap Iron, $110 per ton (3/4)
Miscellaneous Scrap Updates
Stainless steel has been a metal that has remained on a very stable level over the first 2+ months of this year with the price remaining at mostly the same levels. That is not a bad thing considering that stainless has been very volatile at times due to large swings both up and down in the Nickel markets.
Hope that you are scrapping often, reporting your prices, and checking others reported prices online as well. Let us know what else we can do to help.
Scrap ya later!
National Scrap Price Averages (as of 3/8/17):
- 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