Blog & Coronavirus Updates
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…
Read MoreAluminum 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. …
Read MoreTariffs 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…
Read MoreSikora 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…
Read MoreAluminum scrap exports surge in October
Aluminum scrap exports hit 4-year high While the United States and China engage in a trade war that seems to have no immediate end in sight, the scrap metal market is in a wait and see mode for some kind of direction. However, while the trade war continues, October produced some significant aluminum scrap export…
Read MoreTop reasons to separate your scrap before you head to a scrap yard
Separate your scrap before you get to the scrap yard Those that make a living scrapping know that getting the most out of their scrap is the only way to be successful in the scrap business. That is why it is important to come to the scrap yard with the scrap separated into ferrous and…
Read MoreThe top 5 most valuable scrap metals
Looking to make money from scrap metals? Look for these top 5. The scrap metal business allows for an instant payday. To get the most bang for your buck, those that choose to scrap for a living should look for these top 5 metals. While ferrous metals like steel are in abundance and easy to find,…
Read MoreIs the price of aluminum ready to rebound?
Aluminum spot prices are at a crucial level With aluminum warehouse levels sitting at ten-year lows and aluminum spot prices negative for the year, the end of year positioning for aluminum pricing is taking hold. While world trade issues may not become clear for some time and remain an issue, an expected move in aluminum…
Read MoreAluminum Spot Prices Remain Negative For the Year
One Year Aluminum Price Chart, Technically Speaking. After trading above 1.00 at the beginning of the year, the price of aluminum has bounced off the .90 level several times this year. However, in October, the price of aluminum dropped and broke through the solid support of .90 and has been trading below that number ever…
Read More3 Factors That Determine the Value of Your Scrap Metal
If you are considering selling scrap metal for money or you just got started, you may wonder how the prices in this industry work. While many factors go into determining the value of scrap, to get the most from your scrap metal, work with a reputable recycler who will pay you what your metal is…
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