With the market going up up up…we hope that you have been capitalizing on this! With the prices going so high, people have mixed feelings on where the market can go for the next few weeks and months.
While people see new production and products coming into focus like hybrid cars, electronics and more, we have to wait and see what is going to be happening going forward for all of the different metal demands both in the US and overseas. Many feel that China will be cutting back on some of their output, and that may Lead to higher steel prices, but overall it has been really positive the last few weeks, almost like a scrap dream land!
Non-Ferrous Market Updates
With copper leading the way we have seen the markets really getting aggressive and starting to accelerate all over the place. People have been moving material, going up and down, and scrap yards do not seem to know what to do because these prices have really accelerated so quickly.
We have to watch out, learn about other peoples pricing, and make sure that you the scrapper know what is going on overall so we can make sure to get you the most current info.
Aluminum and copper seem to be the big talk lately with both markets seeing nice increases overall.
Here Are Some Reported Non-Ferrous Prices From 8/9-8/15:
- North Las Vegas, NV: Aluminum Rims, $0.30 per lb.
- Rock Hill, SC: Forklift Battery, $0.07 per lb.
- Manchester, NH: Bare Bright, $2.05 per lb.
- Flint, MI: #2 Copper, $1.17 per lb.
- Valley Stream, NY: Aluminum Siding, $0.25 per lb.
- Sophia, NC: Bare Bright, $1.70 per lb.
- Romulus, MI: Brass, $1.04 per lb.
- Long Island City, NY: Brass, $1.30 per lb.
- Washington Ct House, OH: #1 Tubing, $2.05 per lb.
- Myrtle Beach, SC: Stainless Steel, $0.20 per lb.
- Lynnwood, WA: Brass, $1.00 per lb.
Ferrous Market Updates
The markets have received VERY well over the last month with the prices really jumping. We have seen steel prices rise about 20% overall and it is really crazy to see what a change that it has made overall to the scrap yards flow. With the steel pricing up we have so many more scrap yards moving metal it is almost crazy to see how quickly that they are going.
With oil and gas prices rising by the day we have seen these directly affecting the steel markets with the prices climbing as well. Oil going up means that it is more expensive to move material and that translates across the board for scrap pricing as well.
Here Are Some Reported Ferrous Prices From 8/9-8/15:
- Springtown, TX: Light Iron, $115 per ton
- Sophia, NC: Shreddable Steel, $80 per ton.
- Waterloo, IN: Shreddable Steel, $120 per ton.
- Townshed, MA: Light Iron, $110 per ton.
- Rockaway, NJ: Steel, $110 per ton
- Newark, NJ: Light Iron, $120 per ton
- College Point, NY: Light Iron, $90 per ton
Other Scrap Markets
The other markets like gold, nickel, and different electronics have turned up in price because of the overall commodities rally which is an awesome thing to see. We are going to try to have a really solid report coming in next week to cover all of this in depth.
Let us know what else you want to learn about market wise, and until next week, scrap ya later!