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April Price Update

There is not much to report with regards to scrap metal pricing since our last update.  Steel pricing we likely stay flat this month, but there is the possibility of a very small drop. Our current sheet iron price is $85/ton. There is still no certain answer as to if/when prices will start to climb again. We are hopeful there will be some increases this summer, but that is no guarantee.

Non Ferrous prices have stayed basically flat as well. Aluminum is holding in the 40-60 cents per pound range, Copper is between $1.80 and $2.00 per pound, and clean Stainless Steel is 40 cents per pound. The markets for these items are showing weakness, but prices have not dropped very far yet. We would recommend selling this material if you have any stockpiled, a price drop could be on the horizon.

Date: 04.03.2015