6/7/17 Scrap Price Report: Copper Decreasing?

Hey iScrappers!

With the summer fast approaching and a lot of projects on-going, it is the time of the year to start to look out for all types of scrap metal and projects that will be getting started. Going into the summer months tends to be one of the busier times of the year for not only scrappers, but for scrap yards as a result of the nice weather springing up new projects.



Non-Ferrous Scrap Report

Copper has settled into a bit of a funk with all of the materials that are out there starting to get devalued. The market has had some reports that copper will be decreasing as we get into the summer months and that is unfortunate as we said earlier, this is one of the busier times of the year.

Aluminum has weakened for the first time in a while, and with that we have to continue to watch what is happening overall. The large rises that we saw the first few months of this year are starting be erased after many investors started to

Reported Non-Ferrous Prices (Between 5/31-6/6)

  • Grand Island, NE: Aluminum Cans, $0.47 per lb (6/7)
  • Kaukauna, WI: Aluminum Cans, $0.43 per lb (6/6)
  • Castroville, CA: Bare Bright, $1.30 per lb (6/6)
  • Minneapolis, MN: #1 Tubing, $2.10 per lb (6/6)
  • Minneapolis, MN: Brass, $1.53 per lb (6/6)
  • Pacific, WA: Stainless Steel, $0.30 per lb (6/6)
  • Oakland, CA: Power Supplies, $0.12 per lb (6/6)
  • Warner Robins, GA: Insulated Copper Wire, $0.50 per lb (6/6)
  • Riverside, CA: Bare Bright, $1.89 per lb (6/5)
  • Athens, TN: Aluminum Cans, $0.52 per lb (6/6)



Ferrous Scrap Report

Steel has continued to remain relatively steady with the market not moving too much lately. We have seen prices slip slightly this week by about $5 per ton, but overall not bad at all.

With oil prices weakening slightly we have seen the markets decreasing along with the demand overall for it right now.

Reported Steel Prices (Between 5/31-6/6)

  • Castroville, CA: Shreddable Steel, $40 per ton (6/6)
  • Houston, TX: Steel, $80 per ton, (6/6)
  • Amesbury, MA: Light Iron, $110 per ton (6/6)
  • Warner Robins, GA: Light Iron, $80 per ton (6/6)
  • Taylor, MI: Sheet Iron, $110 per ton

Overall we have seen a lot of really good things happening and so many people have been reporting and adding the prices that they have been receiving at scrap yards which has been a great thing.

We are excited to continue to see more and more people benefiting from knowing about the market and learning about all of the different prices that we have really been seeing some good prices being reported and a nice overall flow of information.

Gold has risen to almost $1300 per ounce, and that has come as many investors feel that the market has been inflated and have been investing in things that they are more sure of.

Scrap ya later!

-Tom


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