How to Deal With Falling Metal Prices

Posted: October 12, 2020

With metal prices constantly changing it is easy to follow where the scrap prices on our website…but that brings us to our next point. What happens if every time that you are checking the scrap prices for copper, steel, and other metals that the prices are falling.

Best Option for Constantly Falling Prices

We always tell customers that when they have the materials it should be time to sell them. If you are passing by Rockaway Recycling you can drop it off and be in and out of the door in less then 5 minutes almost every time that you come here. With copper prices and other metal prices following a lot of the trading patterns of Wall Street and other commodity prices such as oil, it is tough to guess when the metal prices would go up.

One of the most common questions that we get is: “When do you think that metal prices will go up?” We try to answer that as honestly as we can, and most of the time we like to joke by saying that, “If we knew that we would already be on our own island.” There used to be a pattern in the 1980s and 1990s on the ups and downs on metal prices, but since 2000 it has really changed. A lot of the old patterns are now gone and you now have to keep checking our online prices to really get an idea of what is going on.

When the prices of copper and brass are dropping quickly, one of the best things to do is to sell, sell, sell!!! Don’t try to hold onto your material too long and wait for a recovery, especially one that may not be coming anytime soon. We think that it is always better to have the money in your pocket than the metal in the bucket!

Scrap Is Like A Bonus Job

While the prices of scrap metal falling mean that you will make less money, we try to encourage our customers by saying that a lot of the scrap that you are fortunate enough to accumulate is almost always a bonus to the work that you are already doing, and because of that, you should be fortunate enough to have the extra few dollars from selling it, to begin with.

We tell our customers that if you want to hold the metals in your garage or shops to wait for the prices to go up that is it is the same as gambling…but why not come in, get paid for your scrap, and then go bet in Atlantic City! While we are joking, the point is that guessing what is going to happen to the scrap metal prices, whether they are going up or going down, is a tough thing. Without a crystal ball, we can’t guess and we deal with it every day…so we try to tell our customers the best and most informed opinion that we can.


Have Questions About Scrap Prices & Market Conditions? Contact Us!

How to Deal With Falling Metal Prices

Scrapping Carbide & Tungsten: What To Know

February 28th, 2022

Rare Stainless Steel Products & Alloys There's a lot of variations of rare stainless steel products such as inconel, hastelloy, moly, and so on but were going to touch on…

How to Deal With Falling Metal Prices

5 Places To Find Copper Scrap

May 2nd, 2021

Copper is one of the highest paying scrap materials in the industry, even when the prices are low. You can find copper almost everywhere but if you need some direction,…

How to Deal With Falling Metal Prices

No Value Catalytic Converters – Yes, It’s A Thing

January 16th, 2021

Many people have sent us quotes before and many have seen this response: "Thanks for asking about a quote, unfortunately there is no value for the one you have. Keep…

How to Deal With Falling Metal Prices

5 Tips For Visiting Rockaway Recycling

January 15th, 2021

Below we have collected some of our tips about your first or 100th visit when bringing your scrap metal to Rockaway Recycling. Our Goal Is To Get You In &…

How to Deal With Falling Metal Prices

4 Easy Places to Find Copper Scrap

January 14th, 2021

We are always asked about our most popular metal, copper, and where to find it. So today I want to go over all of the different places that you can…