As we told you last month, it appears our sheet iron price will be staying flat for the month of September. There were some signs that a price jump was coming, but it looks like we will have to wait until at least October before sheet iron prices go up on the scale. Some steel grades, like Busheling and Baling, will see slight increases this month, which also indicates that prices could rise in the fall.
Non-Ferrous prices are also a mixed bag this month. Low demand has caused Stainless Steel to drop significantly. We have dropped our prices to 55 cents per pound for clean stainless and 20 cents per pound for contaminated stainless. Aluminum is near a high point, we recommend taking advantage of the current markets if you have any scrap aluminum to sell. Copper has been locked into a price range between $2.10-$2.40/lb for quite some time now and there is no sign that it will be breaking out of that range any time soon.