SCRAP NEWS | Scrap Metal Market

Copper Prices Drop & China’s Involvement – 6/16/21

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.

10 Scrap Metal Questions with iScrap App Founder

Hey Scrappers,  Tom here. We’re going to be answering all of the questions that we’ve been asked over the last couple of weeks, just going over many different things. Hopefully, We will help you learn more about making more money and might even give you some ideas on questions that you didn’t know you had […]

When Scrap Prices Drop, Hoarding Goes Up

Scrap Metal Price Changes

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) […]

Copper Mining Strikes Effect On Pricing

Sometimes there are large ups and downs in the scrap markets that come out of nowhere and take many people by surprise…and we always get asked why it happens. If were as easy as 1 + 1 = 2 that would be awesome, but it tends to be much more complex then that. We wanted […]

Gas Prices Are Up, But So Is Steel – 6/9/21

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.

What Sources Do We Use For Scrap Prices?

A lot of people tune in to our weekly reports and we get hundreds of questions about where we learn about our scrap ideas, knowledge, etc…so we wanted to share some different ideas and concepts that we have to find scrap news and piece things together. There are so many news sources out there so […]

4 Steps To Selling Your Scrap Online

How to find scrap online

Finding good scrap items that can make you money at the scale is one of the most exciting parts of scrapping. Besides making the money, discovering what one’s trash can be worth is a very motivating part of recycling scrap metal for a career or just a hobby. If you are looking to make some […]

By Choice or Laws: Why Are Scrap Yards Upgrading To New Technology?

Technology is coming to the scrap industry

Today’s younger generation has no problem accepting and adapting to the new technology that is developed. The question is if the older generation is succumbing to these changes because of necessity, or because they want to. This is the same question when it comes to scrap yards, though many yards are adapting with technology that […]

Aluminum Prices Are Leading The Way – 6/3/21

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, […]

5 Ways To Suppress Your Frustration During Down Markets

Ways to fix low scrap metal prices

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 […]

6 Ways To Cut Expenses When Scrap Prices Are Down

How to cut expenses when scrap copper prices are down

The iScrap App Team understands the frustrations of low scrap prices and the waiting game for the markets to return to decent levels. We have heard stories of scrap yards closing due to the low prices and not being able to cover costs for operation. Also there are several scrappers that have stated they can […]

Factors of Scrap Metal Pricing

Scrap metal Prices change when the stock market prices fluctuate

Whether you are a small-time scrapper or a large scrap yard or refinery, the scrap metal market can be a tricky beast to understand. With the commodity market and stock market always changing hourly during the day, one can never be quite sure how it all works. With some easy to understand explanations and examples […]