| Scrap Metal | Scrap Price | Updated Price Date |
|---|---|---|
| Copper National Average | $3.42/lb | Updated 10/15/2024 |
| Steel National Average | $198.05/ton | Updated 10/15/2024 |
| Aluminum National Average | $0.47/lb | Updated 10/15/2024 |
| Catalytic Converter Average | $75.93/each | Updated 10/15/2024 |
Q4 2024 Scrap Market Outlook: Stability, Opportunities, and Strategic Positioning Report Date: 10/9/2024 Hello Scrappers! Throughout the third quarter of 2024, the scrap metal market saw fluctuations largely influenced by global economic uncertainties, energy prices, and fluctuating demand in manufacturing sectors. Supply chain improvements helped ease material movement, but metal prices have been sensitive to […]
Read MorePlatinum is a metal most people think of as being used in jewelry, but most cars have platinum underneath them in the catalytic converters! Platinum can help filter some of the CO2 before it hits the exhaust and goes into the air. Due to its high melting temperatures, platinum is used in many specialty applications besides jewelry. […]
Read MoreTaking out a stainless steel sink can be an intelligent move at your scrap yard. To make an extra buck on the stainless steel sink, remove the steel ring on the outside and drain from the bottom to make more money. Take a hammer and chisel and hit away! Be sure to save the brass drain […]
Read MoreHow thick should copper cable generally be? Many people refer to insulated copper wire and cable as the same thing. But we want to clarify what most scrap yards consider copper cable. Insulated Copper Cable is generally much thicker and has a much higher copper content and recovery base. What Is Insulated Copper Wire? These […]
Read MoreFiguring out when to sell scrap is tough. Do you do it when the prices jump fast? Do you wait and then shop around? Knowing what the market is doing is half the battle. Talking to your local scrap yards can help you determine when the prices are high, when to hold onto scrap material, and […]
Read MoreHey, iScrappers! Last week, we discussed cast aluminum and touched on two other metals; today, we will review another odd metal: magnetic stainless steel. Now, many of you are going to ask, hey, what’s magnetic stainless steel? Don’t you mean steel? There is magnetic stainless steel, and one of the common grades is 410 Stainless Steel. […]
Read MoreWe always mentioned how important it is to separate your scrap metals before heading to the yard. We can’t stress that enough for many reasons. It makes the operation of unloading and weighing up easier and usually makes you more money by separating your metals. Therefore, you make more money! Win-win for everyone! Know What […]
Read MoreEver wonder what the history of your catalytic converters is, but you are too worried about ruining them by cutting them open? Let us tell you all about them today. Catalytic converters are standard on all cars made in the mid-1970s and were designed to cut down on pollution from the automobile industry. Made with […]
Read MoreWho is ISRI? Many scrappers have asked us in the past about this thing called ISRI and why they need to know about it when they go to scrap yards near them. ISRI stands for Institute of Scrap & Recycling Industries and exists to help all recycling companies across the US and abroad to strengthen the […]
Read MoreFinding good scrap items to make money at the scale is one of the most exciting scrapping parts. Besides making money, discovering what one’s trash can be worth is a motivating part of recycling scrap metal for a career or hobby. If you want to make some real money from items you find in scrap, […]
Read MoreSUBSCRIBE ON YOUTUBE While it’s hard to tell what the future will bring, some scenarios are easier to predict than others. The electric vehicle revolution is full force, and auto manufacturers are scrambling to plan how they’ll fit in. One thing is for sure in all this: the EV market will substantially impact the copper […]
Read MoreMany people think that batteries are recyclable and easy to eliminate. We disagree. With increased technology, you may run into new batteries that will cost you money to scrap and may not be worth the time. We all know about the standard lead-acid batteries in cars and trucks, but most tools and hybrid vehicles run […]
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