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The Scrap Report June 2014

Currently the Ferrous scrap market is in a negative slide. The trend will probably continue through the summer months. Year over year prices are actually flat. Lately the export market has been weak to non-existant so the downward trend could turn for better if exports pick up. A tremendously bad winter has led to heavy shredder scrap flow, thus keeping prices trending lower.

The Non-Ferrous scrap prices have been led by Nickel, which is up some 25-30%. Aluminum and Copper prices have stayed in a narrow trading range with the only wildcard being the interest rate hike talks. If interest rates begin to rise look for commodity prices to trend lower. All in all markets appear healthy with the normal seasonal trends.

Date: 06.03.2014