Who’s ready for November?
Markets seem to be going back-and-forth, trying to figure out what the heck is going on like everyone else. After a fresh round of $1.2 trillion got passed and will be getting ready to be signed into law, many people are going to be asking how the infrastructure package will affect Scrap. The answer is relatively no impact. There will be more of an effect on the labor market, and they will be on the scrap market by far.
Copper – HOLD
Aluminum – SELL
Brass – SELL
Copper Wire – HOLD
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
Ferrous Price Chart of the Week
Catalytic Converter Prices & Market Status
Catalytic Converters – SELL
Cat prices are up over the last few weeks, but we see an amusing market taking place. We have routinely seen price increases and decreases between 2-4% multiple times and three precious metals that affect the catalytic converter markets. These wings and prices will not affect one catalytic converter pricing in a significant way. Still, when you’re selling multiple at a time, that price increase spread across many cats will make a substantial difference. We still recommend selling as the markets are still very high after the bottoming out that we saw during the summer.
Other Valuable Resources
- SELL: Across The Board for Steel, Iron – 11/3/21
- The Best Wire Strippers for Scrap Copper Wire & Cable
- Top 15 Questions To Ask Before Your First Trip To The Scrap Yard