3/9/16 Scrap Price Update: Copper Jumps Again

Hey iScrappers!

Copper Sees Another Jump In Prices

2-1-Copper-TubingWow what a week it has been. The markets had such a nice jump last week we were hoping that they were going to be able to sustain…but we just didn’t know if they could. Well, here we are about a full week later and THEY HAVE! We have seen the copper prices hold their new levels, and even after a small decrease on Tuesday, they jumped right back up this morning which is very positive.

Shh, Are Steel Prices Going Up Soon?

We have also talked to multiple people about the iron industry and believe it or not we finally heard some good news. The markets for iron ore seem to be increasing which should start to chance the prices for steel, cast, and Light Iron. Recently we have seen the prices of steel increase through our iScrappers reporting their prices online.

Suggest Reading: Why Are Steel Prices Low?

Here are some of the reported prices that we have seen over the last week:

  • Jacksonville, FL: Light Iron $4 per hundred

  • Belleville, IL: Aluminum Cans, $0.35 per lb.

  • Indianapolis, IN: Bare Bright Copper $1.85 per lb.

  • Monett, MO: ACR $0.50 per lb.

  • Jacksonville, FL: Brass Scrap- $0.90 per lb.

  • Dallas, TX: 304 Stainless Steel $0.25 per lb.

With so many prices being posted through the iScrapApp.com make sure that you take some time to check out not only the prices in your area, but also post some prices that you have received. This is free and easy to do, so just check it out.

Suggested Reading: Importance of Reporting Scrap Prices

New On Stainless Steel Scrap

In the last week the prices on Nickel have shot up which will affect your stainless steel prices and you should see a 1-3 penny per lb increase. Lead prices have continued to rise the last few weeks making plumbers lead, Lead Wheel Weights, and car battery pricing increasing as well.

Hopefully the first quarter of 2016 will be one that can fast be forgotten, but at least there seems to be many positive things headed our way pricing and scrap wise.

Current Scrap Metal Price Averages – As of 3/9/16

  • Bare Bright Copper: $1.65-$1.88
  • Copper Pipe: $1.40-$1.78
  • Clean Brass: $0.92-$1.13
  • 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-$75 per ton

Let us know what you want to see video wise and we will continue to work on and get them ready.

Scrap ya later!

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