Since last week we have not had any exciting news…the markets have been very flat, but with oil prices rising we might see an increased demand for some metals coming in the spring and summer months. Copper has not had much of a change over the last week, it quickly went up about 5-6 cents per lb., but this week we have seen that gain go away.
The steel market again has remained very flat with prices barely moving anywhere and staying very sideways. The demand for steel has not risen over the last few months and even though we seem to be like a broken record…the prices are tough to weather right now for the long haul with predictions having steel go down $20-30 in the coming months.
Gold prices have not really changed much either with the market just below ,200 per ounce but not having much of an up or down in recent weeks. You may see gold rise if the stock market decreases, but with the market so high right now it is not likely to see a large jump in gold anytime soon.
If there are any metals that we have missed talking about that you want to learn more about please don’t hesitate to let us know.
Until next week…scrap soon and scrap often.
- Bare Bright: $2.10-$2.35
- Copper Pipe: $1.70-$2.15
- 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
Prices as of 4/21/15