Good Day iScrappers!!!
With the summer about over we have been really excited to see how many prices have been getting posted online. Make sure you check out your local scrap yards prices or post prices that you have received at your scrap yard.
Copper Scrap Price News
In the last week we have seen the price of copper climb about 5-7 cents and more importantly…it has stabilized. That is the key to any growth, seeing the growth get to a level and staying there, so let’s hope the days of big copper swings are over for a while.
Steel Scrap Prices See HUGE Drop
Let’s talk about the elephant in the room….steel prices. The price of steel has eroded and we have talked to over a dozen experts about where steel prices will be in the foreseeable future. Prices are down another $20-30 since last week and what we hear is that this may be the absolute bottom of the market. There has to be a bottom because materials cant be sold for free, but don’t expect big jumps anytime soon.
How Are Prices Affecting Business?
Steel prices being so low will cause some scrap yards to react one of many ways:
- Will take steel for free because the scrap yard will still have to pay for labor/trucking of the steel.
- Minimum weight purchases in order to cover moving costs.
- Yards might be closing down. Many yards that do primarily steel are getting hit hard and might not be able to cover overhead.
Other then those two big categories most of the other metals have remained stable over the last week or so. Maybe a penny or two movement with aluminum pricing, but most other metals are stable.
Hope these updates help, any other questions just let us know!
- Bare Bright Copper: $1.70-$1.92
- Copper Pipe: $1.40-$1.72
- Clean Brass: $1.00-$1.12
- Insulated Copper: $0.55-$1.30
- Aluminum Sheet: $0.30-$0.33
- Stainless Steel: $0.27-$0.32
- Aluminum Cans: $0.25-$0.35 (Not CRV Pricing)
- Light Iron: $35-$60 per ton
Prices as of 9/16/15