With Santa Claus getting ready to come to town, we are hoping to see some extra Scrap presents getting dropped off in the back of our trucks. With the markets remaining at an extreme level compared to the last few years, we are delighted with where they are now. Even though there has been a minor pullback in the steel markets, with prices dropping about $20 per ton, we still expect solid numbers going into January.
A lot of the big? That we have won’t be answered for another 3 to 6 months as we look for a supply chain to be reestablished, and we look for people to get back to work in a standard capacity.
Copper – SELL
Aluminum – HOLD
Brass – SELL
Copper Wire – SELL
Stainless Steel – SELL
Copper prices have been stable over the last week after seeing a significant decrease on black Friday. Since then, we have seen the prices moving relatively flat, which is reasonable considering December usually is a real up and down type of month. With the copper prices looking stable, we have also seen the pricing on brass and other insulated wire to follow suit.
With oil and gas prices rebounding in the last few days after seeing a significant selloff due to the market being scared from the new virus variant, we have seen those oil and gas price increases starting to push their way into trucking costs even more than ever. We’ve talked to a lot of scrap yards that have a tough time finding consistent trucking, which has slowed down their outbound shipments, affecting their prices at the door for both small and large scrap jobs. Until many supply chain issues get fixed, we expect to see this for the seeable future.
Non-Ferrous Price Chart of the Week
#1 Steel – SELL
Shreddable Steel – SELL
Light Iron – SELL
Cast Iron – SELL
Complete Car – SELL
After a hectic three months of price increases, we did start to see the market decreasing over the last two weeks. We saw 2 to 3 different price drops on various steel grades across the board, and we expect those to stay for the rest of the month. Moving forward, we do expect to see steel markets remaining strong going into the first quarter of 2022 and beyond.
Ferrous Price Chart of the Week
Other Metal Markets
Stainless steel has been the hero of the last couple of months, with braces increasing for the first time in a long while. We saw the pricing on Stainless decrease for the first half of this year, primarily due to the aero industry having a slower start because of the pandemic. With the pricing of nickel increasing, we have seen Stainless 304 and 316 going up, with markets averaging between $0.60 and $0.90 per pound for different grades.
Catalytic Converter Prices & Market Status
Catalytic Converters – SELL
The pricing on the catalytic converter market has finally stabilized after an up-and-down and very rocky month of November. We have seen all base markets level off, and level is what we always talk about wanting. We have seen the prices remain at a decisive stage, and they looked to be increasing going into the first quarter of next year with more and more auto manufacturers getting back on track.
With the holidays in full swing, we hope that you take a minute to donate to your favorite charity, as our favorite charity continues to be St. Jude Children’s Hospital. Whether you’re supporting the children or other positive charitable organizations, we think that giving back is one of the most important things that you can do. We would love to hear some of your favorite choices so we can share them with others. Scrappy holidays!
Other Valuable Resources
- Ready To SELL Your Brass? Because You Should Be. – 12/1/21
- 5 Sure-Fire Ways To Increase Profit on Scrap Metal
- Scrap Secrets: Scrapping Your Christmas Lights