A lot of people have really been asking us about steel lately and what the deal with it is…and that is NOT an easy or quick answer. A lot of larger countries both in Asia and in the Middle East do not have a large demand for steel and because of that the prices really have taken a big hit.
A lot of people ask us about the steel prices and if they relate to gas prices…and that answer is yes they do. If gas/oil prices are very low it will have a large affect on steel prices because so many factors will become cheaper with them.
Let’s go over to the non-ferrous side and start with aluminum. Aluminum prices have been very stable over the last few weeks and months and that is a nice thing to hear. When you hear and read about big car companies switching from steel to aluminum to help to increase gas mileage and also make cars safer that is a huge thing for many factors. Recycling of aluminum should remain strong and that will only help the longterm pricing.
Copper has not done much in the last week, it went down 5 cents and then up 5 cents and right now is at the same level as it was a week ago. We like copper around this level, but we still hear rumblings that it will drop another 7-10%.
Anything else you need please let us know..until next week, scrap ya later!
- Bare Bright: $1.90-$2.22
- Copper Pipe: $1.50-$2.07
- Clean Brass: $1.20-$1.45
- Insulated Copper: $0.70-$1.75
- Aluminum Sheet: $0.36-$0.51
- Stainless Steel: $0.37-$0.45
- Aluminum Cans: $0.35-$0.55 (Not CRV Pricing)
- Light Iron: $100-$165 per ton- Scroll Down
Prices as of 3/11/15