6 Reasons Scrap Metal Prices Change Often

Posted: March 19, 2014


If you watch the scrap metal prices throughout a month you’ll begin to see that the prices change often and quickly. But why? Below are some different reasons that one day you may be able to get a higher price for copper, brass or steel than the next day.

The International Market – Because most scrap and garbage is transported overseas, what they pay for scrap is a large factor in what we can pay. An average of 55% of ferrous metal is exported every year and in 2010 that largest export from the US was scrap and garbage.

The Domestic Market – The NYSE is closely watched and evaluated so that the prices can be adjusted accordingly. The market in the US effect the scrap prices at scrap yards just as much as the international market.

Supply and Demand – Like everything else in the US, supply and demand play a major role in scrap metal prices. For example when the economy is slow, not as many vehicles are being produced which leads to less demand for steel, resulting in lower prices. Another factor that could affect scrap metal prices is weather.

Sellers and Brokers – Sellers with large quantities of scrap materials also want to be able to make money on their scrap material so this comes into play when the scrap prices are being decided.

Scrap Yards – Scrap metal yards need to take in all of these aspects when it comes to pricing for their customers. They have to look at each area and decide what price is best to be fair to small time scrappers as well as the scrappers with large amounts of material. This is why you should always check the prices before coming to scrap your junk metal.

Scrappers – As I just mentioned sometimes scrap yards will offer different prices for large amounts of materials. You can always check with Rockaway Recycling before coming so that you know what price to expect at the scale.

There are many aspects to be thought about when deciding on prices for scrap metal. Always be sure to separate each material you have and also call or check out our website when you need to know a price on a metal. To stay up to date with scrap prices check out our Facebook and Google+ pages or sign up for our newsletters.


6 Reasons Scrap Metal Prices Change Often

Customer BBQ Donates $1,000 to St. Judes

September 16th, 2019

GREAT SUCCESS! September 2019 - The Rockaway Recycling Team was thrilled to host another Customer Appreciation BBQ benefiting St. Jude Children's Research Hospital. Grilling up hamburgers, hotdogs, along with some…


READ MORE
6 Reasons Scrap Metal Prices Change Often

MATERIAL UPDATE: Brass Faucets

September 4th, 2019

Brass Faucets vs. Dirty Brass Faucets Traditionally, Rockaway Recycling has bought brass faucets as "brass" that can be mixed with other various brass items. However... Moving forward, we will be paying…


READ MORE
6 Reasons Scrap Metal Prices Change Often

MATERIAL UPDATE: Aluminum Rims

September 4th, 2019

We often have a lot of customers assume that any rim from a car warrants the same grading price as the Aluminum Rim Price on our website. This is NOT true. We…


READ MORE
6 Reasons Scrap Metal Prices Change Often

Demolition Scrap Metal in New Jersey

August 5th, 2019

Dealing with demolition scrap metal and contractors has become one of the standards at Rockaway Recycling and we look to earn your business as well. Our team provides all types of…


READ MORE
6 Reasons Scrap Metal Prices Change Often

Scrapping Carbide & Tungsten: What To Know

July 31st, 2019

Hey guys, Sean back with a little bit more scrap info. Everyone knows the basic scrap metals but we're going to to discuss rare metals and hit on a certain…


READ MORE