As we told you last month, the forecast for ferrous prices does not look good for the month of March. We expect prices on all steel grades to drop at least $20/ton sometime next week. We highly recommend selling all of your steel before the price drops, it does not look like this trend will reverse until the end of spring.
Non Ferrous prices look a bit more stable for next month. Copper, Aluminum and Stainless all seem to have settled into prices they will hold for some time. These prices will be something to keep an eye on once summer begins and scrapyards get busy again. As non ferrous metals begin flowing into the scrapyards when it warms up, this may cause prices to drop.