SCRAP
PRICES

Prices Updated:

07/28/2021

Aluminum Siding

$0.60/LB

Aluminum Breakage

$0.15/LB

Aluminum Wheels

$0.70/LB

Batteries

$0.20/LB

#1 Copper

$3.20/LB

#2 Copper

$3.00/LB

Yellow Brass

$1.70/LB

18/8 Stainless

$0.60/LB

STEEL

220 NT

Scrap Car

230 NT

Historic Scrap Metal price increase expected for December

Good News

 

With mills scrambling to fill low scrap levels, the scrap metal market is looking at a price increase of $70 across the board on all types of steel. This huge move is something that has not been seen since 2008. Detroit entered the market with a $70 per ton increase. While the market has not settled yet, all indications are that the $70 number will hold. That comes with more optimism for January 2021 with another possible bump of $30. While it is still way too early for that, we still need to see the final number for December. Optimism, especially in Detroit, comes from a flat market in November while other areas had a slight increase. Detroit may be playing a little catch-up here, but the huge increase is just a simple result of limited scrap being delivered creating a huge demand for steel. While the good times may be short lived, at least for a couple months, the scrap dealers are finally smiling, a little.