02 Aug Scrap Pricing August 2016
Welcome back to the Ely Enterprises Blog!
Today, we are going to look at a snapshot on metal scrap pricing. It’s a volatile market to say the least-but there have been upticks since the lows of January 2016.
Six months ago light iron’s average was roughly 20-50 dollars a ton, compared to the 55-85 dollars we have seen lately. These prices have relatively been the same (see below) since March.
There seems to be some positive foresight in the future-while 2016 may not induce a lot of positive growth, “The World Steel Association (worldsteel) forecasts that global steel demand will decrease by -0.8% to 1,488 Mt in 2016 following a contraction of -3.0% in 2015. In 2017, it is forecast that world steel demand will return to growth of 0.4% and will reach 1,494 Mt.”
National Scrap Metal Price Averages (As of July 28th 2016):
- Bare Bright Copper: $1.72-$1.88
- Copper Pipe: $1.52-$1.77
- Clean Brass: $0.85-$1.15
- Insulated Copper: $0.45-$1.18
- Aluminum Sheet: $0.24-$0.34
- Stainless Steel: $0.21-$0.27
- Aluminum Cans: $0.22-$0.32
- Light Iron: $55-$85 per ton
In a couple months, we will check back in on the metal pricing and the forecast for 2017-hopefully we see the increase we are all looking for!
Don’t forget to visit our website atwww.elyent.com and contact us at
Ely Enterprises, Inc.
3809 Broadway Avenue
Lorain, OH 44052
216-252-8090
sales@elyent.com
