Scrappers! Tom from iScrap App checking in and WOW, what a wacky week we have seen over the last 7 days…and the news is almost exclusively GOOD!!! So we hope you are battling the heat by drinking lots of fluids (maybe some cold ones at the end of the day…ha). Let’s get into some market news:
Ferrous Scrap Price Update (Steel/Iron)
August 10, 2016
In the last week we have FINALLY seen an uptick in the prices with the markets going up $10-20 per ton across the board on metals. We do not know why it took so long, but we have ready many articles and gone over to a few different experts and they have said that with the iron ore prices from the mines going up that that trickled into the scrap market…which makes sense.
The more pressing issue is the long-term picture (5 years or so) of the metal prices and of the economy growth both in the US and in the world. Without a large boom of new building and infrastructure, increases it will be very difficult to see coming soon.
Here are some reported prices over the last week:
- Rochester, NY: Light Iron, $127 per ton (8/10/16)
- Fontana, CA: Steel, $30 per ton (8/9/16)
- Sarasota, FL: Shreddable Steel, $0.04 per lb (8/9/16)
- Los Angeles, CA: Light Iron, $0.02 per lb (8/9/16)
- Connelly Springs, NC: Shreddable Steel, $5.00 CW (8/8/16)
- Chesapeake, VA: Light Iron, $75 per ton (8/8/16)
Non-Ferrous Scrap Pricing Update
August 10, 2016
In the last week we have seen an uptick….downturn…and then another uptick on pricing. Copper prices, as well as the aluminum market, has increased over the last week and that is a very welcome thing. We have seen many scrap yards across the US & Canada finally raising some of their prices and users have been receiving that uptick.
A lot of people have emailed and asked us about where the markets are going and why some scrap yards have not been raising their prices like some others have across the US…and that answer is not always simple. It is time and place. Some scrap yards have more of an outlet and a better way to market their materials, thus leading to higher prices…while others yards have more distance to travel, higher overhead, etc…which leads to all yards having different prices.
Here are some of the reported prices over the last week:
- Waldorf, MD: #1 Tubing, $2.00 per lb (8/9/16)
- Waterbury, CT: Aluminum Siding, $0.30 per lb (8/8/16)
- Connelly Springs, NC: 304 Stainless, $0.30 per lb (8/8/16)
- Englewood, CO: #1 Tubing, $1.65 per lb (8/7/16)
- Rockaway, NJ: #1 Wire, $2.05 per lb (8/6/16)
- Wichita, KS: Brass, $1.50 per lb (8/6/16)
- Hutchinson, MN: Aluminum Cans, $0.40 per lb (8/5/16)
Hopefully all is well and you have found some good scrap ya later!
National Average Scrap Prices (As of 8/10/16):
- Bare Bright Copper: $1.72-$1.88
- Copper Pipe: $1.52-$1.77
- Clean Brass: $0.85-$1.15
- Insulated Copper: $0.45-$1.18
- Aluminum Sheet: $0.24-$0.34
- Stainless Steel: $0.21-$0.27
- Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
- Light Iron: $65-105 per ton