All ferrous and some copper went up this morning. (*upstate NY)
Cars = $163 GT ^$25
Tin/shred = $163 GT ^$25
Short Steel prep = $208 GT ^$30
Rotors/drums = $220 GT ^$30
Bare Bright = $2.25 lb ^$.15
#1 = $2.12 lb ^$.15
#2 = $1.91 lb ^$.15
insl wire #1-3 no change (go figure)
Clean Alum only up .01 = $.44 lb
Last time I saw this jump, it only lasted 4 days then dropped below where it was.
Last rush before our piles freeze to the ground maybe
Sheet iron up 20/Ton here. Copper down .10/lb at one yard.
I think the increase that you mentioned only lasted 4 days(some time in spring 16) was tied in with the opening of the New Castle shredder. Guessing that a portion of that $40 increase was a teaser to get people into the new yard.
Last edited by mthomasdev; 12-06-2016 at 06:45 PM.
Big price jumps in NewZealand. I got NZ $100/ton for some lightgauge I sold last week.
While that's only US$71.oo/metric ton. Its much better than NZ$60 a few months ago & NZ$40/ton for the last few years.
Also, Copper #2 is up to NZ$6.40/Kg, last time I sold Copper it was only NZ$5/kg. It has not been $6.50 for a few years now.
This is a real good thing as its almost our Christmas/end of year/summer holiday time when all of NZ takes two weeks holidays.
And of course everyone sells their scrap metal stash, as well as firms selling their scrap so the workers get the $ as a end of year bonus.
My yard is up about $10/GT on Lite Iron. Some wire is up $.05-.10/#, too, except ICW which seems to be staying where it's been most of the year. Aluminum hasn't budged.
The real shocker is a $.02/# jump on CFC appliances.
$90 a ton shred here
Shred price up another 20/ton here yesterday on the south side of Chicago. @130/ton
$118 net ton clean sheet iron by me
confirmed price up tomorrow ... load-em up boys
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