That Hurt 🤕 So far $0.20 has been shaved off of copper in one day certainly is not how we want to start going over a market report. But the markets happen, and we want to talk about them, so let’s get to it.
SCRAP NEWS | Reported Scrap Prices
Like any industry, scrap metal recycling fluctuates based on market conditions and supply and demand. Recently the prices in the scrap industry have seen a bit of a downfall compared to last year at this time. In 2015, we are seeing 10-year lows for steel and iron prices. During these times, many scrappers (and scrap yards) […]
Let’s try to ignore the fact that gas prices have gone up over $1/gallon over the last year, and let’s pay closer attention to the steel prices almost doubling over that time. It’s funny because if you are a scrapper, while you don’t want to have expensive gas, you know that when some of the fuel prices are up for scrap, prices are generally up at the same time.
JUMP TO NON-FERROUS JUMP TO FERROUS But First…Holy Steel! Well, this is certainly a scrap dream that we seem to be in the middle of. Prices on all fronts have been increasing, and we have seen markets steadying over the last two months overall. Going into the summer, we are now watching the markets differently, […]
We get it. We really do. Whether scrap prices are at all-time lows or they have been all over the map going up and down, it’s frustrating. It’s not like it’s just a small dip in the prices, but a plummet instead. With the iScrap App Team coming from the scrap industry and being involved […]
New iScrap App Reported Price Feature One of the biggest things that we have talked to scrappers about over the last few years has been scrap metal prices. With the latest upgrade to the iScrap App, the Price Reporting Option, we are interested to see how often that they check in with their scrap yards […]
JUMP TO NON-FERROUS JUMP TO FERROUS Steel Steals Headlines! With the price of copper cooling off a little bit over the last week, we have seen another market heating up in new ways that we have not seen in many months. The price of steel is rising month over month and that’s a good […]
The scrap metal industry isn’t the most glamorous industry out there, but it is important. With scrap metal being one of the largest exports of the USA, it is important to understand how scrap prices are determined and what customers like yourself can do to when the scrap prices are being affected. Over the last […]
JUMP TO NON-FERROUS JUMP TO FERROUS Inflationvaccination! Try saying those two words together 10 times fast and let’s see how well you do. In the meantime, enjoy some of the copper prices, as well as the increase in iron over the last two weeks. While so many people are only talking about the number of […]
JUMP TO NON-FERROUS JUMP TO FERROUS Can You Believe What’s Going On With These Markets? Well, well, well. That just happened. Copper markets have hit all-time record highs. Let’s just take a breath and relax for a second while you absorb that. Wait for it….(breath)…OK let’s get back to business. Copper prices have soared […]
With copper prices rising and worldwide demand increasing, we won’t be surprised to see a quick decrease or a fast increase coming soon.
Increased prices have been fueled by increased demand in the world’s economic recovery. We have seen scrap yards increasing their prices over the last couple of weeks by about $0.30/ lb. on copper #1 and #2 on average. On top of this, we have seen a continued push for higher prices across all aluminum markets, and these price increases could continue throughout the rest of the year.