Believe it or not, we are already halfway through 2020. It seems like this is a year that many people want to be able to get past for more reasons than we could list and more reasons than we can count. At the end of the day, we hope that everyone is enjoying some of these higher copper prices, as well as a relatively stable iron market.
SCRAP NEWS | Copper Wire
Right now one of the biggest causes of concern that we have is with the copper market and the Chinese buyers. While looking at these markets, we have been able to see that they are very difficult to conceptualize and figure out where they will be going and how the Chinese will be changing their buying practices moving forward.
Jump To Non-Ferrous Prices Jump To Ferrous Prices Greetings Scrap World! Scrap prices are up. That’s exactly how we want to start every single weekly report but we can use it this week and we hope that you have been able to cash in on some of the increases. With the market climbing and […]
DOWNLOAD TODAY New iScrap App – With Notifications Jump To Non-Ferrous Prices Jump To Ferrous Prices Good Day! We hope that everyone is doing well and staying as busy as possible going into the summer months. We are happy to see the copper prices increasing to pre-pandemic levels and even higher than they were. […]
On top of that with all of the problems that we saw over the last few months, we have begun to hear more reports of aluminum smelting facilities returning to the United States over the next few years.
We have seen the copper prices not only stabilize over the last few days but also increasing as more people are going back to work and other scrap yards are beginning to re-open. Many people that live outside of the major areas in the United States are not seeing the devastation of sickness and death and do not have a firm grasp of what is going on.
They say the old dogs have a hard time learning new tricks and we believe that the same thing goes for the scrap industry. We talk to hundreds, if not thousands of people over the years about the different ways that they make money with their metal and one thing has generally remained constant- they rarely change what they do.
The good news is we look to be returning to normal quicker and quicker as the days go on and hopefully everyone’s health continues to be at the forefront of their minds and we push through this as quickly as we can. Some positive news that we have seen is the copper markets have continued to steady and we have started to see the iron market picking up as well.
Is it worth it to strip Romex® Wire? This is one of the most common questions we receive from scrappers looking to increase their profit from stripping their wire. A General Rule… When you are looking to decide what scrap wires are good for stripping, one thing we commonly say is that if the wire […]
We hope that everyone has been doing their best to follow all the proper precautions and staying as safe as possible. These are crazy moments and we hope that as few people who are impacted with this as possible.
Jump To Non-Ferrous Prices Jump To Ferrous Prices Good Day iScrappers! Oh baby baby it’s a wild world. I think that phrase gives us a really good idea of what’s going on right now with all the craziness that is happening in the economy and the world. We hope that everyone is staying healthy […]
Jump To Non-Ferrous Prices Jump To Ferrous Prices Spring Is Coming! We hope that everyone on the East Coast has been enjoying a very mild winter. We have been enjoying a bit of a stable scrap market over the last few days but we are hoping to see a little bit of an increase […]