We hope that you are all staying busy, enjoying these prices, and making sure to get your daily hustle on! We hope that all of you who were affected by Hurricane Irma or Harvey are doing as well as possible and the recovery process has started to take affect. Join us and donate to help with the Red Cross.
We know that there will be a massive amount of scrap coming from these areas, but the problems that we have heard is the amount of space that scrap yards have are going to be tough to accommodate all of the scrap influx that is coming in.
Non-Ferrous Market Updates
The scrap market has continued to stay strong even with some of the pullbacks in the copper markets over the last few days. While prices are still very high, as of Wednesday morning the trading copper prices have dipped down below $3.00 after hovering over that mark for the last two weeks. We still think that this is a VERY strong market, but due to some of the problems with the Chinese importing market we have seen a major pullback on some copper pricing.
Aluminum, stainless, and other metals have been relatively strong still, and because of that we have seen we have to still hope that these stronger markets remain steady and that we can move forward with larger price swings.
Here Are Some Reported Non-Ferrous Prices From 9/7-9/13
- Rockaway, NJ: Bare Bright, $2.66 per lb.
- New Haven, CT: #1 Tubing, $1.50 per lb.
- Lakeland, FL: aluminum siding, $0.50 per lb.
- Lakeland, FL: Bare Bright, $2.45 per lb.
- Streetsboro, OH: #1 Tubing, $2.15 per lb.
- Rhinelander, WI: Stainless Steel, $0.20 per lb.
- Cedar City, UH: Aluminum Cans, $0.30 per lb.
- Kewaskum, WI: Brass, $1.25 per lb.
- Blue Island, IL: #1 Tubing, $2.40 per lb.
Ferrous Market Updates
Steel has continued to remain strong with iron prices across the US climbing again and the market seeming hungry for more material. This is a good sign because once you add copper prices and other non-ferrous markets being up we are happy to see these continuing to climb.
With so much steel yet to come from the two hurricanes that hit over the last two weeks we are very interested to see how that large influx of material is going to affect the market. With up to 250,000 cars being destroyed from both hurricanes, there might be 600 million pounds of steel just from vehicles along being scrapped.
Here Are Some Reported Steel/Iron Prices From 9/7-9/13
- Rockaway, NJ: Light Iron, $110 per ton
- Streetsboro, OH: Uppd #1, $140 per ton
- Rhinelander, WI: Light Iron, $80 per ton
- Hernando, MS: Shreddable Steel, $90 per ton
- Brooklyn, NY: Light Iron, $90 per ton.
- Nesbit, MS: Light Steel, $130 per ton
Other Scrap Market News
With gold prices increasing over the last few weeks we have seen the market stay around $1350 per ounce over that period. We have continued to see a strong gold and silver market, but because of many exporting restrictions right now it is very tough to get a lot of electronic material overseas.