So you think that your local scrap yard has an “in” on where the market is headed…hmmm? Well, that is the wrong answer because many scrap yards do not know what is going on the same day…let alone going into the future. Scrap prices follow the commodities markets, and as we have talked about before, […]
SCRAP NEWS | Scrap Metal Market
Post-Election – How Is Scrap Going to Be Affected? With the 2020 US Presidential Election over, what is going to happen to the scrap metal markets? That was what we were thinking when Joe Biden was announced the winner of the 2020 Election. It may not have been the first thing that you thought about […]
JUMP TO NON-FERROUS JUMP TO FERROUS And another one! With copper rebounding over the last couple of days and the incoming administration starting today we should see some big changes in the overall market in the coming months. How it is going to affect the scrap prices is something that we will continue to look […]
JUMP TO NON-FERROUS JUMP TO FERROUS Copper Lovers! Every week we try to think about something that everyone loves to talk about and something that has little arguments or debates, the best thing that we could think of is copper. Well, anyone that likes or loves copper is in luck as we continue to see […]
So many people have asked us over the years about the value of catalytic converters and why they are so expensive. When people look at catalytic converters they see a magnetic stainless steel shield on the outside and they always hear about different numbers that are stamped or pictures that catalytic converter buyers look for. […]
Scrap prices are close to reaching 8-year highs for a lot of commodities including copper. Steel and alumunim prices are also recovering from 2020.
Many people ask if the oil prices going up or down affects the value of scrap metals and the simple answer is yes, sometimes. We know that isn’t a clear answer but there is more to it. The prices of oil, one of, if not the most major commodity in the world and it affects […]
If you are new to the scrap metal industry you may notice that a lot of scrap yards don’t post prices online or if they do, there is often a disclaimer that states prices can change at any time. As an experienced scrapper you should be familiar with ever-changing scrap prices and the possibility within […]
[UPDATED 1/22/2021] Red. Hot. High. Copper. Copper prices have continued to maintain their strong prices going into January of 2021 but we have seen a bit of a faltering market as of late. With the Biden administration taking over the reigns of the government there have been mixed messages about the commodities markets moving forward as […]
Check in this week to see where the major scrap markets moved this year and what to expect heading into 2021 for scrap prices.
With the “big man in red” only a short 2.5 weeks away from showing up, we have certainly been given a nice gift before the holidays with these markets. Over the last week while we have not seen massive market movement; we have seen overall stabilization.
We hope that many of you enjoyed a very nice and quiet Thanksgiving and secretly in the background you were being given an early holiday gift. Not only do we have the vaccinations beginning to get distributed in the coming weeks, but we have multi-year highs on copper.