What a crazy week that it has been and who knows where it is going to lead in the coming days and weeks. The prices on metals are all over the map and this might not be the best message that you have read….but you can expect the prices to drop more.
Copper prices have fallen about $0.05-0.07 per lb over the last 7 days with more signs of weakness coming. Many are predicting that copper will fall another $0.20-0.30 in the coming weeks, so don’t be shocked (you are allowed to be angry) of what happens. With so much insecurity in the market it really is going to be hard to predict what happens going forward.
Steel continues its sideways market with no real changes either up or down. With the market still repeating what we have said for many months, do not be surprised to see the market stay at the current level or even fall another $20 per ton according to many reports.
Aluminum Market Drops 13% In Last Month
The aluminum market is what the real news is this week. Aluminum prices are down about 13% in the last month with more signs of drops coming. The market is really taking a hit and it is tough to guess where the bottom is for the aluminum market with prices falling consistently over the last few weeks it will be tough to guess where it will bottom out.
Any other questions about market conditions please let us know, but in the meantime…scrap well, scrap often.
- Bare Bright: $2.10-$2.30
- Copper Pipe: $1.70-$2.10
- Clean Brass: $1.20-$1.35
- Insulated Copper: $0.70-$1.80
- Aluminum Sheet: $0.36-$0.43
- Stainless Steel: $0.37-$0.41
- Aluminum Cans: $0.35-$0.45 (Not CRV Pricing)
- Light Iron: $100-$165 per ton- Scroll Down
Prices as of 4/15/15