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Scrap Metal Prices

Scrap Prices updated on 30, January 2023.The prices displayed are three months old. For live prices Subscribe to Premium

United StatesVIEW ALL

CommodityEast CoastMidwestWest Coast
6063 Extrusions0.82(-0.02)0.82(-0.02)0.82(-0.02)
6061 Extrusions0.67(-0.02)0.66(-0.02)0.67(-0.02)
#1 Copper Bare Bright3.33(-0.09)3.32(-0.09)3.42(-0.09)
#1 Copper Wire and Tubing3.23(-0.09)3.22(-0.09)3.32(-0.09)
#2 Copper Wire and Tubing3.13(-0.09)3.12(-0.09)3.22(-0.09)
Yellow Brass1.95(-0.03)1.94(-0.03)1.97(-0.03)
Scrap Electric Motors0.32(-0.01)0.31(-0.01)0.32(-0.01)
Old Sheet0.73(-0.02)0.72(-0.02)0.73(-0.02)
Al/Cu Radiators1.80(0)1.78(0)1.82(0)
Old Cast0.73(-0.02)0.72(-0.02)0.73(-0.02)
Alternator0.31(-0.01)0.30(-0.01)0.31(-0.01)
Zorba 90% NF0.68(-0.02)0.67(-0.02)0.68(-0.02)
304 SS Solid0.79(0)0.79(0)0.79(0)

China VIEW ALL

CommodityPriceChangeUnit
6063 Extrusions15900.00-350CNY / MT
Aluminum Radiators9250.00-150CNY / MT
#1 Copper Bare Bright62800.00-500CNY / MT
#1 Copper Wire and Tubing59800.00-500CNY / MT
Yellow Brass33450.00-50CNY / MT
Copper Transformer Scrap11200.000CNY / MT
#1 HMS1630.000CNY / MT
E.C. Aluminum Wire17050.00-350CNY / MT
Aluminum Transformers8800.00-150CNY / MT
Brass Radiator30150.00-50CNY / MT
Cast Iron Scrap1730.000CNY / MT
201 SS7700.00-150CNY / MT
304 SS Turning13600.00-200CNY / MT

IndiaVIEW ALL

CommodityPriceChangeUnit
Copper wire bars (HCL*)651000.00-6000Rupee / Ton
Aluminum ingots197000.00-3000Rupee / Ton
Lead ingot175000.00-2000Rupee / Ton
Tin slab1275000.000Rupee / Ton
Nickel Cathode1897000.007000Rupee / Ton
Copper cable scrap646000.00-6000Rupee / Ton
Copper heavy scrap636000.00-6000Rupee / Ton
Copper armeture636000.00-6000Rupee / Ton
Copper utensil scrap644000.00-6000Rupee / Ton
Copper sheet cutting325000.00-6000Rupee / Ton
Brass utensil scrap350000.00-1000Rupee / Ton
Aluminum utensil scrap189000.00-3000Rupee / Ton
Brass Cuttings261000.00-1000Rupee / Ton

Europe VIEW ALL

CommodityPriceChangeUnit
Copper Dry Bright6000.000$US / Tonne
Braziery Copper4400.000$US / Tonne
Copper Tube5200.000$US / Tonne
Brass Cuttings3500.000$US / Tonne
Mixed Brass3550.000$US / Tonne
Aluminum Cuttings1350.000$US / Tonne
Lead Scrap1800.000$US / Tonne
Lead Batteries820.000$US / Tonne
Foundry Short Steel0.000$US / Tonne
Grade OA Structural Plate180.000$US / Tonne
Grade 1 Old Steel (#1 5 ft)160.000$US / Tonne
Grade 2 Old Steel (#2 2ft)155.000$US / Tonne
Car and Lorry Engines0.000$US / Tonne

Daily Scrap Market Reports

27th January, 2023: Scrap Gold and Silver Prices Soared, Platinum Dropped on Index

27th January, 2023: Scrap Gold and Silver Prices Soared, Platinum Dropped on Index

In the Hallmarked category, the 14 carat gold scrap prices went higher by $ 0.93 per Oz.
27th January, 2023: Chinese Scrap Metal Prices Held Steady on Index

27th January, 2023: Chinese Scrap Metal Prices Held Steady on Index

309 SS and 316 SS prices held steady when compared with the prior day.
26th January, 2023: Scrap Gold Prices Soared, Platinum and Silver Dropped on Index

26th January, 2023: Scrap Gold Prices Soared, Platinum and Silver Dropped on Index

In the Hallmarked category, the 14 carat gold scrap prices went higher by $5.70 per Oz.
26th January, 2023: Chinese Scrap Metal Prices Unmoved on Index

26th January, 2023: Chinese Scrap Metal Prices Unmoved on Index

309 SS and 316 SS prices held steady when compared with the prior day.

Factors Influencing Scrap Metal Prices

Here is a list of some of the key factors that affect the price of scrap metals.

Demand and Supply

Recycled scrap metals are extensively used in various industries including technology, construction, and transportation.The rise and fall in scrap metal prices correspond to the demand from these and other related industries.

A high demand and low supply situation will boost metal prices in yards. On the contrary, low demand and abundant supply position will result in lower scrap prices.

Domestic Market Direction

The scrap industry participants keep a close watch on movements within financial markets, especially the ticker symbols of major companies which belongs to industries regarded as primary consumers of scrap metal. The domestic metal foundries, mills, processors and manufacturers in the U.S. too play a key role in determining the prices.

International Market Trends

The scrap metal prices are largely affected by fluctuations in international markets, which are the important destinations of exported scrap metal. Any change in demand in primary scrap consuming countries like India, China and Turkeyis definitely going to impact prices. For instance, any fall in demand may result in a price dip, whereas boosted demand may lift scrap prices.

Prices of Virgin Metals

Another factor that determines the prices of scrap metal is the price of new metals in the market. In the event of notable rise in new metal prices, companies will switch to recycled metal, in line with their cost savings strategy. This in turn will result in higher prices to match the increased demand. Conversely, a dip in new metal prices will lead to less purchases of scrap metal, which in turn will lower prices.

Quality

The bad quality of scrap is yet another limiting factor when it comes to pricing. A scrap metal of lower quality contain high quantities of trace elements in it. The scrap yards will need to spend more resources to make them clean, before they could be processed for recycling. Clean and properly segregated scrap always fetches higher price, rather than unclean and assorted scrap.Scrap Specifications Circular by the Institute of Scrap Recycling Industries (ISRI) provides guidelines for buying and selling a variety of processed scrap commodities, including ferrous, nonferrous, paper, plastics, electronics, rubber, and glass.

Quantity

Generally, scrap dealers prefer bulk purchases of scrap metal, as it reduces their overall cost of procurement. It is advisable not to sell scrap loose, but accumulate them to a bulk quantity in order to get better price from dealers.

Production and Supply Chain Costs

The scrap metals are often transported from one scrap yard to another, during the various stages of processing. A constrained supply chain, fuel prices and dearth of adequate transportation facilities may lead to increased costs, thus affecting scrap metal pricing. Also, scrap prices are directly proportional to production costs, which mainly depends on labor costs and energy prices.

Climatic Conditions

The scrap metal demand is higher during warmer months of the year, as compared with colder months. The busier industrial activities during summer demand more recycled metals. The heightened demand would drive scrap metal prices higher during those times. Meantime, slowdown in industrial activity coupled with transportation constraints on account of icy roads will have bearing on prices of scrap metals, just like on any other commodity.

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