With the markets getting ready for the holidays, we’ve seen pricing starting to show a slight weakness on the nonferrous side. While we have seen the Steele Markets have an incredible $40-$50 per ton increase over the last four weeks overall, the markets have been relatively across-the-board solid, including the catalytic converter side of things.
With December just around the corner, we have traditionally seen December as a positive but lightly traded month. That may mean that we see the markets shake their way out over the next 2 to 3 weeks going into December and have a better idea of what to expect for the rest of the year.
Copper – HOLD
Aluminum – SELL
Brass – HOLD
Copper Wire – SELL
Stainless Steel – SELL
Non-Ferrous Price Chart of the Week
#1 Steel – SELL
Shreddable Steel – SELL
Light Iron – SELL
Cast Iron – SELL
Complete Car – SELL
With steel and iron prices increasing $50 per ton over the last 3 to 4 weeks, we encourage all material in your yards to get sold. These are some of the highest prices that we’ve seen all year, and they seem to be remaining strong with increased demand. Going into the holiday and the winter season, we could see a slowing of markets going into January, but the markets are robust now.
Ferrous Price Chart of the Week
Other Metal Markets
Yes, there are specific grades of material like diecast and zinc. They have not been shown the amount of love that some of the other non-ferrous items have, but they are still vital when you put them into perspective. One of the only metals or categories that are not very strong is the battery department across all lead-acid battery recycling materials.
Catalytic Converter Prices & Market Status
Catalytic Converters – SELL
With all prices recovering over the last 2 to 3 weeks, we encourage you to look for your catalytic converter‘s new and updated price. All three base metals have been treated higher, which means you’ll get paid more money for your cats.
We want to wish you and your Scrap families a pleased Thanksgiving. We look forward to hearing about your stories and how you cook your turkeys!
Other Valuable Resources
- SELL: Aluminum, Steel & HOLD for Copper – 11/10/21
- Top 5 Most Profitable Quick Scrap Metal Pick Ups
- The Best Wire Strippers for Scrap Copper Wire & Cable