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July Price Update

Price changes have been a little slow to develop this month with a lot of mills and foundries closed for July 4th, but we have enough information to gauge what will happen with scrap prices for the upcoming month.

Ferrous prices are looking up for this month. We have already raised our sheet iron price $15 to $195 per ton, and there is a very good possibility prices will jump again before the month is over. This price increase was unexpected, and that usually means it will not last for too long so we recommend selling your ferrous material while prices are up.

Non Ferrous prices have not been on a positive trend lately. Prices for scrap Aluminum, Copper, and Stainless have all dropped over the past few weeks. The range on aluminum prices is currently 40-55 cents per pound, #2 Copper is $2.20/lb, #1 Copper is $2.30/lb and clean Stainless Steel is 40 cents per pound. While prices are down from where they had been the past few months, there is still good value in scrapping non ferrous metals.

 

Date: 07.08.2013