We hope that the official start of Summer 2016 is treaTing you well and you are out there scrapping away. While we apologize for missing an update last week, we want to really dive into what’s going on with the scrap metal markets this week so we can get you pointed down the right direction.
In the last two weeks we have seen a bit of a dollar coaster ride for copper with the market going up, down, sideways…in no specific order or fashion. With the world in a bit of a limbo on the markets right now we have seen a lot of impact from events like Britain talking about leaving the European Union, the general election in the US, and food shortages in Venezuela all having impacts on the copper and non-ferrous pricing. While none of these things may directly seem to tie to copper prices, they all have a hand in scaring the world markets and that is what scares the pricing.
Reported Scrap Prices For Non-Ferrous Metals
- Johnston, RI: #1 Tubing, $1.70 per lb. (6/20/16)
- Muncie, IN: Aluminum Clips, $0.22 per lb. (6/19/16)
- Monroe, LA: Aluminum Cans, $0.35 per lb. (6/19/16)
- Newark, OH: #2/3 Copper Mix, $1.35 per lb. (6/18/16)
- Cheyenne, WY: Yellow Brass, $1.12 per lb. (6/17/16)
- Cheyenne, WY: Bare Bright, $1.70 per lb. (6/15/16)
- Statesboro, GA: Aluminum Cans, $0.31 per lb. (6/14/16)
- Chicago, IL: Aluminum Radiators, $0.41 per lb. (6/14/16)
Let us know what prices you have been posting by going to our website and look up your scrap yard.
Wow….the steel markets have really been all over the place in the last few weeks with about a 30% drop in pricing followed by a slight increase the last week or so. After watching Light Iron averages drop about per ton through all of the reported prices through the US and Canada we talked to many industry specialists to see what they thought was going on. One said that there was such a gluttony of material coming in from February through the end of May that mills and overseas buyers did not want to see too much more great material and thus the pricing went down.
Reported Scrap Prices For Ferrous Metals
- Rochester, NY: Light Iron, $147 per ton (6/20/16)
- Moulton, AL: Cast Iron, $90 per ton (6/19/16)
- Huntington, WV: Light Iron, $100 per ton (6/18/16)
- North Las Vegas, NV: Tin, $0.01 per lb. (6/16/16)
- Salem, MA: Light Iron, $60 per ton (6/15/16)
- Hainesville, IL: Light Iron, $0.04 per lb. (6/14/16)
With all of the markets going down for ferrous pricing you have to be careful and make sure that you call your scrap yards ahead of time before going to sell.
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Other Market Pricing: Stainless, Gold
Stainless steel has increased a few cents per lb. over the last week, and that is a good thing if you are looking to scrap out some old stainless sinks. We have also seen gold prices touch above $1300 per ounce…while it did retreat to the mid $1250’s per ounce we have still been very happy with how the pricing has gone and where it has remained.
Any questions please let us know iScrappers, don’t forget to report your prices!
Scrap ya later!
Current Scrap Metal Prices (as of 6/21/16)
- Bare Bright Copper: $1.52-$1.77
- Copper Pipe: $1.42-$1.67
- Clean Brass: $0.85-$1.10
- Insulated Copper: $0.40-$1.05
- Aluminum Sheet: $0.24-$0.34
- Stainless Steel: $0.21-$0.27
- Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
- Light Iron: $55-$85 per ton