Wuzzzzzz Uppppppp Scrappers!!! (Old school 90’s frog throwbacks, haha).
We hope that you are all staying cool and enjoying these nice overall price jumps in the scrap market. This is going to be one of those updates where almost, if not, all of the news ins positive and we are super pumped about that.
We LOVE to hear about cool stuff that you have been scrapping and cool jobs that you have been working on. Please let us know if there is anything that you want to share online and we would love to share your scrap story any and everywhere that we can.
Now let’s get into the market updates.
Non-Ferrous Scrap Markets
Copper has been the headline story over the last few weeks, not only with the increases, but with the stability of the pricing. Wow have the prices jumped, but more importantly they have stabilized and really been a super positive thing to watch.
We have talked to a few people who think that there is a chance that this market increase continues for a little while with the copper prices. There seems to be a shortage for copper right now across the markets, and that has partly led to some of the increases in the overall markets. With strikes going on in certain areas of the world for the copper mines ongoing and also seeming to be on the horizon, we will continue to watch these markets….even with some thinking that copper trading may hit $3.00 again…for the first time since late 2014.
Recently Reported Non-Ferrous Prices (7/12-7/19):
- Rockaway, NJ: Bare Bright, $2.47 per lb.
- Richmond, VA: Bare Bright, $2.15 per lb.
- Marion, AR: Bare Bright, $2.20 per lb.
- Flint, MI: 304 Stainless, $0.25 per lb.
- Brooklyn, NY: Brass, $1.55 per lb.
- Brooklyn, NY: Aluminum Cans, $0.40 per lb.
- Providence, RI: Brass, $1.40 per lb.
- Westport, MA: Bare Bright, $2.10 per lb.
- Wyandotte, MI: Brass, $1.45 per lb.
- Florence, AL: Bare Bright, $2.10 per lb.
- Florence, AL: Electric Motors, $0.15 per lb
Ferrous Scrap Price Updates
Steel has shown a nice increase with the national averages up about $6 per ton over the last week. We have continued to read articles, talk to industry professionals, and continue to try to see what is making this increase happen, but we have been hearing a lot of the same answers…no one really knows. It seems that the steel mills are still working to get good material in because of shortages, and this is leading to very nice price increases.
Recently Reported Ferrous Prices(7/12-7/19):
- Rockaway, NJ: Light Iron, $110 per ton
- Richmond, VA: Shreddable Steel, $80 per ton
- Flint, MI: Steel, $105 per ton
- Rochester, NY: Light Iron, $151 per ton
- Providence, RI: Light Iron, $100 per ton
- Lancaster, OH: #1 Steel, $105 per ton
- Columbus, OH: Automobiles, $65 per ton
Other Scrap Markets
Gold has been hovering in the same $1200-1300 range over the last few months and today is hovering around $1240 per ounce. With copper up and aluminum stabilized, this means that the gold pricing will be in a really good spot for most of the common electronics that you will encounter.
One thing that we have been asked about is hybrid car batteries, and we continue to search for good answers to them.
They are very difficult to move, so stay tuned.
Scrapppp ya later!