SCRAP
PRICES

Prices Updated:

9/16/2020

Aluminum Siding

$0.35/LB

Aluminum Breakage

$0.07/LB

Aluminum Wheels

$0.42/LB

Batteries

$0.20/LB

#1 Copper

$2.10/LB

#2 Copper

$2.00/LB

Yellow Brass

$1.10/LB

18/8 Stainless

$0.32/LB

STEEL

110 NT

Blog & Coronavirus Updates

Global Pressures Continue To Weigh On Scrap Prices

Global Trade

Further uncertainty with global trade along with tough talk from global leaders is weighing on commodity prices and as a result, scrap prices remain weak. June looks to be another soft month for scrap prices, but the hope is that prices will remain flat or drop slightly. Scrap dealers however are looking at June as…

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May Scrap Prices Settle Down HUGE

Negative sentiment takes scrap prices to their lowest levels in 2 years. Detroit took the lead once again with scrap settlement pricing by taking prime scrap down $40 per gross ton and cutting shredded scrap by $30 per gross ton. That sharp decline puts prime scrap in Detroit at its lowest level since February of…

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What will May bring for Scrap prices?

What will May bring to scrap metal prices? If everything goes as planned, May will bring a drop in scrap prices once again. On Monday, the President and CEO of Steel Dynamics, Mark Millett commented on the anticipated May drop in prices along with his outlook for the year.  On the company’s earnings call, he…

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April Scrap Metal Price Update

Detroit scrap market prices drop $20 in April After a March jump in scrap steel prices, April began with hopes of a flat month. However, market talk began to indicate a drop in scrap prices was likely.  While other regions have not settled on a $20 drop, the Detroit market was quick to pull the…

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How to get the most money for your scrap

Keys to maximizing your scrap value With the current market environment, scrap prices have been slowly dropping. Over the last few months, the price of scrap has continued to fall. While most scrap dealers have been waiting for some stabilization in the market, there are reasons for some hope that things have leveled off and…

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Top 5 Events that can help Scrap Prices

Domestic and Global events that can help move scrap prices higher As we enter the second half of January 2019, Scrap prices remain soft and the prospect of a possible uptick in prices depends on several domestic and global factors. Here are the Top 5 things to look for that can stabilize the scrap market…

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How will the New Year begin for scrap prices?

January 2019 may not be the norm for scrap prices Happy New Year! With the scrap market limping into the end of 2018, it is now time to focus on what the New Year may bring for scrap prices. As the commodity market continues to show signs of weakness, the usual jump in scrap prices…

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Aluminum Prices face Pressure as US lifts some Russian Sanctions

Aluminum prices may fall with lifting of Russian Sanctions The United States Treasury announced on Wednesday that they would be lifting sanctions on the core empire of Russian businessman Oleg Deripaska, which includes aluminum giant Rusal.  Rusal, the world’s second largest aluminum producer has been dealing with sanctions imposed by the United States since April. …

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Tariffs still weigh on the Markets

Trade war and tariffs continue to cause uncertainty While the United States and China agreed to a 90-day negotiation period which has put a halt on any increased tariff activity, the uncertainty surrounding this ongoing trade war continues to weigh on the world markets. With the holidays in front of us and no real trade…

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Sikora Metals offers new Rewards Program to its Customers

New Reward Program just in time for the Holidays Beginning December 1 and just in time for the holidays, Sikora Metals (THE scrap metal yard in Detroit) started a new rewards program for our customers. It’s pretty simple. Bring in $50 or more in scrap and you will receive a Sikora Stamp on the Rewards…

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