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    Scrap Pricing News

    March Price Update

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    Scrap prices have started to bounce back over the last few months. After hitting a low of $40/ton we are back up to $60/ton for Sheet Iron. It does not appear there will be any major movements in the price through the summer. We expect it to hold around this level for much of 2016. There may be small jumps up or down month to month, but we do not expect prices to shoot up anytime soon and obviously they cannot go much lower.

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    February 2017 Price Update

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    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.

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    March 2017 Price Update

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    We are surprised to report that steel prices are still on the rise this winter! We have raised the price on our scale to $140/ton, another $20 increase from last month. Demand for steel surprised us this month and kept the price moving up. We do not think it will go up anymore over the next few months but we also don’t see it dropping of these levels anytime soon. It looks like this is gonna be a great spring for scrappers!

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    Late Summer 2017 Price Update

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    Scrap prices are working their way up as summer rolls along! Our sheet iron price at the scale is up to $125/ton and we are expecting it to go up again in September. Scrap flow has slowed down and mill output is on the rise so demand for scrap metal is up. We anticipate roughly a $20 increase next month, and hope the trend can continue in the fall.

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