December Price Update
For the month of December it appears that ferrous scrap prices will remain flat. Our current scale price for sheet iron is $150 per ton and we expect it to stay their for the entire month. There is some speculation that steel prices may begin to rise again in January or February but with the way the markets have acted the past few months we would not bet on it at the current time and recommend turning over all of your steel as you receive it.
Non Ferrous prices are mostly flat as well. Copper prices dropped significantly over the Thanksgiving holiday. We have not lowered our scale prices for copper, brass, or wire as of today but will likely have to in the coming weeks. Aluminum and Stainless prices look like they will stay unchanged from last month, but with the volatility in current markets things can change in a hurry.