North American Scrap Metal Prices Post Broad Rally on the Index- February 3, 2026

TORONTO (Scrap Monster): As of Tuesday, February 3, 2026, North American scrap metal prices, including Copper, Aluminium and Brass/Bronze, recorded a significant jump on the ScrapMonster Price Index. On the contrary, Stainless Steel and Steel scrap prices held steady on the Index.

• Copper: Mostly up
• Aluminum: Broad market gains
• Brass/Bronze: Widespread increase
• Stainless Steel: Flat trend
• Steel: Witnessed no change

Copper Scrap Prices

The price of Alternator scrap recorded no variation over the previous day.

The price of #1 Copper Wire and Tubing, #2 Copper Wire and Tubing, #1 Copper Bare Bright, and #3 Copper- Light Copper increased by $0.24 per Lb.  

The prices of #1 Insulated Copper Wire 85% Recovery and #2 Insulated Copper Wire 50% Recovery were up by $0.05 per Lb each on the Index. 

Copper Radiator scrap prices recorded a jump of $0.10 per Lb.

Copper Transformer scrap and Cu Yokes prices went higher by $0.02 per Lb and $0.03 per Lb respectively on the Index.

Cu/Al Radiator Ends prices held steady upon comparison with the prior day’s price.

Cu/Al Radiators and Cu/Al Radiators/Fe prices also were flat as of February 3, 2026.

Harness Wire 35% Recovery and Heater Cores prices witnessed a jump of $0.04 per Lb each.

Romex Wire prices were up by $0.05 per Lb on the Index.

The prices of Scrap Electric Motors, Starters and Sealed units edged higher by $0.01 per Lb from the previous day’s price levels.

Xmas Lights prices recorded no variation on the Index.

Aluminum Scrap Prices

1100 Scrap prices were up by $0.01 per Lb over the previous day.

The prices of 3003 Scrap, 356 Aluminum Wheels and 6063 Extrusions/Fe also edged higher by $0.01 per Lb on the Index.

The prices of 6063 Extrusions inched up by $0.01 per Lb over the previous day.

Also, prices of 5052 Scrap and 6061 Extrusions recorded a jump of $0.01 per Lb each when compared with the prior day.

The prices of Al/Cu Radiators and Al/Cu Radiators/Fe held steady on the Index.

Aluminum Radiators, Aluminum Radiators/Fe, and Aluminum Transformers prices were unchanged on the Index.

Breakage 50% Recovery prices also witnessed no change as of February 3, 2026.

E.C Aluminum Wire prices saw a jump of $0.02 per Lb on the Index.

Chrome Wheels, Litho Sheets, and MLC Clips recorded an increase of $0.01 per Lb when compared with the previous day’s price levels.

Mixed Aluminum Turnings prices held steady on the Index.

The prices of Old Cast and UBC witnessed a jump of $0.01 per Lb each over the previous day.

Old Sheet, Painted Siding, and Zorba 90% NF prices also recorded increase by $0.01 per Lb on the Index.

Steel Scrap Prices

• #1 Bundle: No change
• #1 Busheling: Held steady
• #1 HMS: Flat trend
• HMS 80/20: Remained unchanged

 Sheet Metal prices were flat on the Index.

Shredded Auto Scrap and Structural Steel prices recorded no variation as of February 3, 2026.

Stainless Steel Scrap Prices

201 SS and 301 SS prices were flat on the Index.

304 SS Solid, 304 SS Turning and 309 SS witnessed no variation in prices as of February 3, 2026.

310 SS prices were unchanged from the previous day’s level.

330 SS prices held steady on the Index.

Also, 316 SS Solid prices recorded no change from the previous day’s price levels.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in the North American region witnessed a jump on the Index.

• 70/30 Brass Scrap: Up by $0.05 per Lb
• 80/20 Brass Scrap: Increased by $0.05 per Lb
• 85/15 Brass Scrap: Saw a jump of $0.05 per Lb
• Brass Radiator: Edged higher by $0.05 per Lb

Brass Radiator /Fe and Brass Radiator Ends prices held steady from the previous day's price levels as of February 3, 2026.

In the meantime, Red Brass, Red Borings and Yellow Brass prices were up by $0.05 per Lb on the Index. 

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