8/23/17 Scrap Prices Report: Copper Climbs to 3-Year High

Hello Scrappers!

With the new iOS App out and running we are now working on testing the Android version and hope to have that ready by the end of August or shortly into September…we are now making it even easier to find prices online for scrap yards, report prices online, and to see what is going on with scrap metal news.

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Speaking of scrap metal news, what a bull market that it has been! We have seen copper prices continue to climb to 3-year highs, steel prices have jumped, and gold is hovering around $1300 per ounce.

We hope to see these prices continue to remain strong and hope to see them stabilize for a little while before making the push upwards again…don’t forget, that having too much of a rise in pricing will hurt long term.

Non-Ferrous Market News

With copper, aluminum, and what seems like every other non-ferrous metal climbing lately we have seen the prices jumping and rising very rapidly across the board. Everything is up and when we are looking into reports online they are all talking about how the markets have improved, how mining companies are upgrading their forecasts and equipment and how many are getting ready to make a push for more materials then ever to come out…it looks like we may have turned a corner in the metals market.

Prices from across the US and Canada have been very strong, bare bright was reported as high as $2.67 over the last week in one area.

Non-Ferrous Market Pricing (8/16-8/22)

Ferrous Market Updates

We have seen steel continuing its upwards climb with the prices and markets improving AGAIN over the last week. We have talked to many people who have not seen as much of an increase in their pricing, and because of that we wanted to go over some of the reasons.

Some areas of the country are tough to get scrap moved out of and take a long time to physically move…and then a waiting period to get paid, for their material. Other parts near port cities and near the water with easier use of barges have seen metals moving very fast and we expect that to continue as the year goes on.

While we did see a slight decrease in pricing this week, the overall reports seem to be very high.

Ferrous Market Pricing (8/16-8/22)

  • Rockaway, NJ: Light Iron, $125 per ton
  • Centralia, IL: Shreddable Steel, $120 per ton.
  • Preston, ID: Light Iron, $70 per ton.
  • Ida Grove, IA: Light Iron, $55 per ton
  • Pensacola, FL: #2 HMS, $0.065 per lb.
  • Des Moines, IA: Torching, $126 per ton
  • Higdon, AL: Shreddable Steel, $100 per ton

Other Metals Markets

Gold has upticked, Nickel prices are up, and overall we have seen the entire markets really getting a great increase across the board.

Let us know what you think is going on with the markets, how they are reacting in your region, and how we can help you improve your scrap metal knowledge.

Scrap ya later!


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