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North American Scrap Metal Market Turns Bullish; Copper and Aluminum Scrap Surges on 8th August, 2017
Aug 9,2017 14:55CST
industry news
The North American copper scrap prices edged higher marginally, stainless Steel and aluminum scrap prices too recorded slight uptick, and steel, brass and Bronze scrap prices reported no change.

August 09, 2017 02:30:46 AM

TORONTO (Scrap Monster): The North American copper scrap prices edged higher marginally on ScrapMonster Price Index  as on August 8th, Tuesday. Stainless Steel and Aluminum scrap prices too recorded slight uptick. Steel, Brass and Bronze scrap prices reported no change on Index.

Copper Scrap Prices

The price of Alternator scrap remained unchanged over the previous day. The price of #1 Copper Wire and Tubing rose by $0.02 per Lb. #2 Copper Wire and Tubing prices were also up by $0.02 per Lb. The price of #1 Copper Bare Bright went higher by $ 0.02 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery increased marginally by $0.01 per Lb over the previous day. #2 Insulated Copper Wire 50% Recovery prices were also up marginally by $0.01 per Lb on Index. #3 Copper-Light copper prices edged higher by $0.02 per Lb to touch $2.50 per Lb.

The prices of Copper Radiator scrap reported no change relative to previous day’s levels. Copper Transformer Scrap prices remained unchanged. CuYokes and Cu/Al Radiator Ends prices witnessed no variation from the day before.

Meanwhile, the prices of Cu/Al Radiators and Cu/Al Radiators/Fe were up slightly by $0.01 per Lb on August 8th, 2017.

Romex Wire and Harness Wire 35% Recovery prices were up by $0.01 per Lb on Index.

Heater Cores remained flat relative to prior day.

The prices of Scrap Electric Motors, Starters, Sealed units and Xmas Lights maintained previous day price levels.

Aluminum Scrap Prices

1100 Scrap prices moved higher by $0.02 per Lb. The prices of 3003 Scrap too increased by $0.02 per Lb. An up move of $0.02 per Lb was witnessed in 356 Aluminum Wheels (Clean). Meantime, 5052 Scrap and 6061 Extrusions price saw marginal increase of $0.02 per Lb each over the day. 6063 Extrusions and 6063 Extrusions/Fe prices too were up by $0.02 per Lb each.

The prices of Al/Cu Radiators and Al/Cu Radiators/Fe have increased by $0.01 per Lb each over the previous day. The prices of Aluminum Radiators/Fe and Aluminum Radiators prices saw marginal rise of $0.01 per Lb. Breakage 50% Recovery and Aluminum Transformer prices were up by $0.01 per Lb on 8th August, 2017.

Chrome Wheels witnessed rise of $0.02 per Lb. Mixed Aluminum Turnings ended marginally higher by $0.01 per Lb over the previous day.

E.C Aluminum Wire and MLC Clips were up by $0.02 per Lb each.

The prices of Old Cast, Litho Sheets and Old Sheet increased by $0.02 per Lb.

Painted Sliding and UBC prices were up by $0.02 per Lb and $0.01 per Lb respectively.

Zorba 90% NF prices remained flat over the previous day.

Steel Scrap Prices

#1 Bundle prices remained unchanged at $350 per MT.

The prices of #1 Busheling and #1 HMS too witnessed no change on 8th August, 2017.

HMS 80/20 prices were steady at $265 per MT.

Sheet Metal, Shredded Auto Scrap and Structural Steel also witnessed no change in prices over the day.

Stainless Steel Scrap Prices

201 SS and 301 SS prices inched higher by $0.01 per Lb each.

304 SS Solid and 309 SS prices were up by $0.02 per Lb each over the previous day.

304 SS Turning witnessed marginal rise of $0.01 per Lb on 8th August, 2017.

310 SS and 316 SS Solid prices witnessed rise of $0.02 per Lb each.

330 SS prices surged higher by $0.03 per Lb.

Brass/Bronze Scrap Prices

70/30 Brass Scrap, 80/20 Brass Scrap, 85/15 Brass Scrap and Brass Radiator scrap prices remained unchanged on August 8th, 2017.

Brass Radiator /Fe and Brass Radiator Ends prices maintained the previous day price levels.

Red Brass, Red Borings and Yellow Brass prices too remained unchanged on Index.

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