February 2017 Price Update
Scrap metal prices have been very strong to start the year, preforming much better than they usually do in the winter months. After gains in December and January, we gave a little bit back in February but our current price for Sheet Iron of $120/ton is about all we could hope for. Mills are having trouble securing enough scrap so steel prices should at the very least be able to hold this level through the spring.
On the nonferrous side, prices have been steadily rising on our scales. Aluminum, Copper, Brass and Stainless are all as high as they have been in some time. Copper and Insulated Wire especially have been strong, with our prices shooting all the way up to $1.75/lb for #2 Copper. Aluminum has been strong as well, with siding and extrusion both easily moving above $0.50/lb.
Since prices usually tend to drop in the Winter months we are unclear as to what spring and summer will bring. It is hard to imagine there will still be strong gains in the warm months after these unexpected rises, but we wouldn’t rule it out. Either way, now is a great time to be scrapping with the current prices.
Thanksgiving Cookout and Hours
We will be closed for Thanksgiving Thursday, November 24th through Sunday, November 27th. We will reopen on Monday, November 28th at 7:00 AM.
Our Customer Appreciation Cookout will be Wednesday, November 23rd from 10am until 2pm. Bring a load to the yard and grab something hot off the grill before the holiday. We hope you can join us!
Detroit Tigers Opening Day Ticket Giveaway
Once again, as a way to thank our loyal customers, we are raffling off tickets to the Detroit Tiger’s 2015 home opener! For every load of scrap metal worth $50 or more you turn in through Friday, March 27th you will receive one entry into the raffle. The winner will receive a pair of tickets to the Detroit Tiger’s home opener on Monday, April 6th and $100 spending cash for the game. The winning ticket will be drawn on Saturday, March 28th. Winners do not need to be present to claim their prize.