JUMP TO NON-FERROUS JUMP TO FERROUS We’re All In This Together 🤝 So…. What’s Going On? It’s been super hard to figure out what’s going on with these markets lately. We had a tremendous upside for a few months with copper, non-ferrous, and iron prices, only to be followed by a nice steady period and […]
SCRAP NEWS | Weekly Scrap Price Update
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.
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, […]
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 […]
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 […]
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.
With copper leading the way over the last week, with gains of $0.20 per pound, we have seen all reported prices jumping. More importantly, we continue to see the aluminum market gaining steam and momentum moving forward.
For the last few weeks, copper seems to go from being the most talked-about subject to the most boring one. The best news is that it is exactly how we like it to be. Copper prices have barely moved over the last few weeks, with very minor up or downswings, which has shown stability in the market for the first time in months.
Over the last week, we have watched copper, which has been relatively calm (other than some strikes in different mines that caused large jumps in the market.
Copper from 1980 through 2005…Copper has become one of (if not) the hottest commodity going into 2021, with the markets drastically going up during the last 6 months of 2020 and into 2021. For many years during the 1980s, 1990s, and early 2000s, copper was one of the most underappreciated metals.