Scrap prices are working their way up as summer rolls along! Our sheet iron price at the scale is up to $125/ton and we are expecting it to go up again in September. Scrap flow has slowed down and mill output is on the rise so demand for scrap metal is up. We anticipate roughly a $20 increase next month, and hope the trend can continue in the fall.
Non Ferrous prices are also showing strength. Copper on the comex has gone above $3 for the first time since 2009. Our scale price is currently $2.00 for #2 and $2.10 for #1. This also means copper wire and brass prices are moving up as well. Aluminum and Stainless are not taking off like copper but the prices are still great for those materials as well.