Whats Going On With the Scrap Prices?

Posted: July 20, 2015

wireA lot of people have been asking us what has been going on with the scrap prices lately and we wanted to go over it a little more in depth. Scrap prices in July 2015 have fallen to near 6-7 year lows on multiple different metals including aluminum and steel products.

Copper Price News

Copper prices have fallen too over the last year or so, but have not been hit quite as hard as other metal prices have. The copper price falling will affect multiple materials including: brass, insulated copper wire, bronze, and other copper bearing metals. The next question that people tend to ask is when are metal prices going back up….and if we knew that we would be retired on a beach already because predicting the future is a tough thing to do.

Ferrous Price News

Steel and Iron prices have taken a very large hit lately. Since the summer of 2014 the price for steel has dropped about 50-60% for many different items. Light iron and light tin prices have declined sharply and we have had a 500lb. minimum for all steel purchases lately.

With the market so low it is still very expensive for the metals to get moved around and that is part of the reason that the price of steel and iron has dropped. We tend to think that there will be a recovery later this year, but it will not recoup to the higher steel prices that we saw towards the end of 2014.

Stay Updated with Scrap Price News

With the markets going all over the place we always posting our updated prices on our website and sending out price alerts if there are sudden increases or decreases in the markets. We want to make sure that our customers know what is going on with the markets and what to expect going forward.

(Last Modified: July 2nd, 2020, 2:21 pm)
Metal/MaterialCurrent Price
Insulated Cable $1.50/lb
Copper Transformers $0.08-$0.21/lb
Small Electric Motors $0.12-$0.15/lb

Current Scrap Metal Prices at Rockaway Recycling

With the markets swinging all over the map right now it is tough to really know what is going on and when to sell or when you should hold onto your scrap metal…but we continue to try to show our customers what to do and how to do it correctly so they are making the most money for their hard work and effort.

Be sure to sign up for our newsletters and price alerts so you can ensure that you will be able to get the most current information about scrap prices.

Contact Us With Any Questions You May Have

Whats Going On With the Scrap Prices?

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